Spread before costs (cost unknown: a leg has no order-book sample)+0.024%
7d average—if it closes, per $10,000$2funding while held, a day+$3.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.7429 | −0.0004 | get 0.0001% / 1h | 10m 11s | $16 | — | 10x |
| Short | BingX MORPHO-USDT | 2.7436 | 0.0100 | get 0.0050% / 4h | 10m 11s | — | $1.5M | — |
Reya MORPHORUSDPERP
BingX MORPHO-USDTPrice 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
- $2.42
- Funding while held
- $3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$10.45
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; BingX: live order book, 13 min ago. 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 BingX live order book, 13 min ago | 3.11 bp | 18.5 bp −$18 | 44.1 bp −$441 | 259.1 bp −$25.9K | 603.1 bp −$301.5K |
Reya: 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 Exchange2.7360+0.848%Extended2.7410+1.030%MEXC2.7412+1.039%Orderly2.7412+1.039%SoDEX2.7412+1.039%Deribit2.7412+1.039%OKX2.7414+1.047%Binance2.7418+1.062%Bitget2.7418+1.062%Paradex2.7418+1.063%
Injective
Extended
MEXC
Orderly
SoDEX
Deribit
OKX
Binance
Bitget
ParadexReya2.7429+1.103%
Kraken Futures2.7431+1.109%Polymarket Perps2.7431+1.109%KuCoin2.7435+1.124%
Kraken Futures
Polymarket Perps
KuCoinBingX2.7436+1.128%
Bybit2.7438+1.135%Gate2.7442+1.150%Aster2.7446+1.166%Variational Omni2.7454+1.193%GMX2.7455+1.198%Lighter2.7456+1.201%Phoenix2.7460+1.216%BloFin2.7465+1.235%Hyperliquid2.7498+1.356%Coinbase International2.7504+1.379%
Bybit
Gate
Aster
Variational Omni
GMX
Lighter
Phoenix
BloFin
Hyperliquid
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.091% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.253% | −0.1128% | 1h | $899 | $8K | 5x | as long as short |
| Extended MORPHO-USD | −0.072% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.063% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.063% | −0.0111% | 4h | $11K | $34K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.063% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.063% | −0.1171% | 1h | $11K | $443 | 10x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.056% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Binance MORPHOUSDT | −0.041% | +0.0100% | 4h | $16.9M | $30.9M | 75x | as long as short |
| Bitget MORPHOUSDT | −0.041% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |