Spread before costs (cost unknown: a leg has no order-book sample)−0.297%
7d average—if it closes, per $10,000$30funding while held, a day−$35.36
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.7580 | −0.0173 | get 0.0022% / 1h | 4m 11s | $31K | $3.0M | 5x |
| Short | 01 Exchange MORPHOUSD | 2.7498 | −0.1352 | pay 0.0169% / 1h | 4m 11s | $904 | $8K | 5x |
Polymarket Perps MORPHO-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$29.73
- Funding while held
- −$35.36
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$80.1
- Spread needed to break even
- 0.150%
Slippage unknown: Polymarket Perps: live order book, 1 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1179%
- Per $10,000 a day
- −$35.36
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 1 min ago | 3.62 bp | 7.6 bp −$8 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapestExtended2.7554+1.562%MEXC2.7554+1.563%Binance2.7558+1.578%SoDEX2.7560+1.585%Orderly2.7561+1.589%Gate2.7562+1.592%Reya2.7570+1.623%Aster2.7573+1.633%BingX2.7576+1.644%KuCoin2.7580+1.659%
Injective
Extended
MEXC
Binance
SoDEX
Orderly
Gate
Reya
Aster
BingX
KuCoinPolymarket Perps2.7580+1.659%
Deribit2.7580+1.659%Kraken Futures2.7588+1.689%Bybit2.7590+1.696%OKX2.7590+1.696%GMX2.7594+1.709%Lighter2.7598+1.725%BloFin2.7598+1.725%Bitget2.7602+1.740%Paradex2.7602+1.740%Coinbase International2.7610+1.769%Variational Omni2.7635+1.861%Hyperliquid2.7643+1.891%Phoenix2.7753+2.296%
Deribit
Kraken Futures
Bybit
OKX
GMX
Lighter
BloFin
Bitget
Paradex
Coinbase International
Variational Omni
Hyperliquid
PhoenixMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.632% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.297% | −0.1352% | 1h | $904 | $8K | 5x | |
| Extended MORPHO-USD | −0.095% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.094% | +0.0100% | 4h | $4.9M | $1.4M | 100x | as long as short |
| Binance MORPHOUSDT | −0.080% | +0.0100% | 4h | $16.8M | $30.4M | 75x | as long as short |
| SoDEX MORPHO-USD | −0.073% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.069% | −0.0071% | 4h | $11K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.065% | −0.0322% | 4h | $778K | $593K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.035% | −0.0004% | 1h | $17 | — | 10x | as long as short |
| Aster MORPHOUSDT | −0.025% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |