Spread before costs (cost unknown: a leg has no order-book sample)+0.060%
7d average—if it closes, per $10,000$6funding while held, a day+$3.13
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.7624 | −0.0004 | get 0.0001% / 1h | 6m 13s | $17 | — | 10x |
| Short | Bitget MORPHOUSDT | 2.7641 | 0.0100 | get 0.0050% / 4h | 1h 06m | $3.0M | $2.6M | 75x |
Reya MORPHORUSDPERP
Bitget 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
- $5.99
- Funding while held
- $3.13
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$8.88
- Spread needed to break even
- 0.180%
Slippage unknown: Reya: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 7.21 bp | 23.4 bp −$23 | 91.4 bp −$914 | doesn't fit | doesn't fit |
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 Exchange2.7532+1.482%MEXC2.7594+1.710%Binance2.7599+1.730%Extended2.7610+1.769%OKX2.7613+1.780%Paradex2.7616+1.790%Orderly2.7616+1.791%Deribit2.7617+1.795%Variational Omni2.7619+1.803%
Injective
MEXC
Binance
Extended
OKX
Paradex
Orderly
Deribit
Variational OmniReya2.7624+1.823%
Bybit2.7635+1.861%Lighter2.7637+1.867%BingX2.7637+1.869%Kraken Futures2.7637+1.870%Polymarket Perps2.7639+1.876%
Bybit
Lighter
BingX
Kraken Futures
Polymarket PerpsBitget2.7641+1.884%
SoDEX2.7643+1.891%GMX2.7645+1.897%Gate2.7649+1.913%BloFin2.7654+1.931%Aster2.7656+1.939%KuCoin2.7658+1.946%Hyperliquid2.7679+2.024%Coinbase International2.7751+2.289%Phoenix2.7753+2.296%
SoDEX
GMX
Gate
BloFin
Aster
KuCoin
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 | −1.790% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.335% | −0.1440% | 1h | $905 | $8K | 5x | as long as short |
| MEXC MORPHO_USDT | −0.110% | +0.0100% | 4h | $4.9M | $1.4M | 100x | as long as short |
| Binance MORPHOUSDT | −0.091% | +0.0100% | 4h | $16.9M | $30.3M | 75x | as long as short |
| Extended MORPHO-USD | −0.052% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.041% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Paradex MORPHO-USD-PERP | −0.032% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.031% | −0.0070% | 4h | $11K | $34K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.027% | −0.1088% | 1h | $11K | $443 | 10x | as long as short |
| Variational Omni MORPHO | −0.020% | +0.0100% | 4h | $674K | $1.4M | — | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERPlong | 0.000% | −0.0004% | 1h | $17 | — | 10x | |
| Bybit MORPHOUSDT | +0.038% | −0.0135% | 4h | $9.0M | $11.0M | 25x | as long as short |
| Lighter MORPHO | +0.044% | +0.0096% | 1h | $330K | $485K | 5x | as long as short |
| BingX MORPHO-USDT | +0.045% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.046% | −0.0370% | 1h | $99K | $191K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | +0.053% | −0.0164% | 1h | $31K | $3.0M | 5x | as long as short |
| Bitget MORPHOUSDTshort | +0.060% | +0.0100% | 4h | $3.0M | $2.6M | 75x | |
| SoDEX MORPHO-USD | +0.067% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.073% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Gate MORPHO_USDT | +0.089% | −0.0310% | 4h | $780K | $592K | 50x | as long as short |
| BloFin MORPHO-USDT | +0.107% | −0.0200% | 4h | $682K | $257K | 20x | as long as short |
| Aster MORPHOUSDT | +0.115% | +0.0100% | 4h | $60K | $34K | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.121% | +0.0100% | 4h | $630K | $356K | 50x | as long as short |
| Hyperliquid MORPHO | +0.198% | +0.0115% | 1h | $6.7M | $8.1M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.458% | −0.0032% | 1h | $81K | $53K | 25x | as long as short |
| Phoenix MORPHO | +0.465% | −0.0058% | 1h | $36K | $514K | 5x | as long as short |