Spread before costs (cost unknown: a leg has no order-book sample)+0.049%
7d average—if it closes, per $10,000$5funding while held, a day+$3.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.7658 | −0.0004 | get 0.0001% / 1h | 6m 33s | $17 | — | 10x |
| Short | Aster MORPHOUSDT | 2.7672 | 0.0100 | get 0.0050% / 4h | 1h 06m | $60K | $34K | 20x |
Reya MORPHORUSDPERP
Aster MORPHOUSDTPrice 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
- $4.85
- Funding while held
- $3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$6.02
- Spread needed to break even
- 0.140%
Slippage unknown: Reya: no order-book sample; Aster: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0104%
- Per $10,000 a day
- +$3.13
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Reya and Aster: 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.Injective2.7130cheapest01 Exchange2.7532+1.482%Paradex2.7616+1.790%Variational Omni2.7619+1.803%Extended2.7625+1.826%Binance2.7630+1.842%Orderly2.7637+1.869%SoDEX2.7643+1.891%OKX2.7646+1.902%Gate2.7649+1.913%Bybit2.7650+1.917%BloFin2.7654+1.931%Deribit2.7655+1.935%
Injective
Paradex
Variational Omni
Extended
Binance
Orderly
SoDEX
OKX
Gate
Bybit
BloFin
DeribitReya2.7658+1.947%
BingX2.7663+1.965%MEXC2.7671+1.994%
BingX
MEXCAster2.7672+1.997%
Bitget2.7672+1.998%GMX2.7675+2.010%Kraken Futures2.7678+2.021%KuCoin2.7679+2.024%Polymarket Perps2.7680+2.027%Lighter2.7681+2.031%Hyperliquid2.7717+2.164%Coinbase International2.7751+2.289%Phoenix2.7753+2.296%
Bitget
GMX
Kraken Futures
KuCoin
Polymarket Perps
Lighter
Hyperliquid
Coinbase International
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 | −1.910% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.457% | −0.1440% | 1h | $905 | $8K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.154% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Variational Omni MORPHO | −0.142% | +0.0100% | 4h | $674K | $1.4M | — | as long as short |
| Extended MORPHO-USD | −0.119% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| Binance MORPHOUSDT | −0.103% | +0.0100% | 4h | $16.9M | $30.3M | 75x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.077% | −0.0069% | 4h | $11K | $34K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.055% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.045% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Gate MORPHO_USDT | −0.034% | −0.0310% | 4h | $780K | $592K | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | −0.030% | −0.0135% | 4h | $9.0M | $11.0M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.016% | −0.0200% | 4h | $682K | $257K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.012% | −0.0689% | 1h | $11K | $443 | 10x | as long as short |
| Reya MORPHORUSDPERPlong | 0.000% | −0.0004% | 1h | $17 | — | 10x | |
| BingX MORPHO-USDT | +0.017% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| MEXC MORPHO_USDT | +0.046% | +0.0100% | 4h | $5.0M | $1.4M | 100x | as long as short |
| Aster MORPHOUSDTshort | +0.049% | +0.0100% | 4h | $60K | $34K | 20x | |
| Bitget MORPHOUSDT | +0.049% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.061% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.073% | −0.0369% | 1h | $99K | $191K | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.075% | +0.0100% | 4h | $632K | $356K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | +0.078% | −0.0161% | 1h | $33K | $3.0M | 5x | as long as short |
| Lighter MORPHO | +0.082% | +0.0096% | 1h | $326K | $476K | 5x | as long as short |
| Hyperliquid MORPHO | +0.212% | +0.0118% | 1h | $6.8M | $8.1M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.335% | −0.0032% | 1h | $81K | $53K | 25x | as long as short |
| Phoenix MORPHO | +0.342% | −0.0058% | 1h | $36K | $514K | 5x | as long as short |