Spread before costs (cost unknown: a leg has no order-book sample)+0.163%
7d average—if it closes, per $10,000$16funding while held, a day−$9.95
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.7049 | −0.0004 | get 0.0001% / 1h | 32m 47s | $16 | — | 10x |
| Short | Coinbase International MORPHO-PERP-INTX | 2.7093 | −0.0336 | pay 0.0042% / 1h | 32m 47s | $79K | $49K | 25x |
Reya MORPHORUSDPERP
Coinbase International MORPHO-PERP-INTXPrice 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
- $16.27
- Funding while held
- −$9.95
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$9.68
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Coinbase International: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0332%
- Per $10,000 a day
- −$9.95
- 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 Coinbase International no order-book sample | — | — | — | — | — |
Reya and Coinbase International: 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.01 Exchange2.7011cheapestBinance2.7017+0.022%Gate2.7018+0.026%Kraken Futures2.7024+0.049%SoDEX2.7028+0.063%OKX2.7030+0.070%Orderly2.7031+0.074%Bybit2.7033+0.081%Paradex2.7034+0.085%MEXC2.7035+0.089%Extended2.7035+0.089%KuCoin2.7036+0.093%Polymarket Perps2.7042+0.115%Deribit2.7042+0.115%BloFin2.7042+0.115%
Binance
Gate
Kraken Futures
SoDEX
OKX
Orderly
Bybit
Paradex
MEXC
Extended
KuCoin
Polymarket Perps
Deribit
BloFinReya2.7049+0.141%
Bitget2.7050+0.144%Lighter2.7051+0.147%BingX2.7051+0.148%Phoenix2.7064+0.196%GMX2.7067+0.207%Variational Omni2.7072+0.226%Aster2.7076+0.241%Hyperliquid2.7080+0.255%
Bitget
Lighter
BingX
Phoenix
GMX
Variational Omni
Aster
HyperliquidCoinbase International2.7093+0.304%
Injective2.7130+0.441%
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.140% | −0.0936% | 1h | $888 | $11K | 5x | as long as short |
| Binance MORPHOUSDT | −0.118% | −0.0001% | 4h | $16.6M | $28.7M | 75x | as long as short |
| Gate MORPHO_USDT | −0.115% | −0.0604% | 4h | $764K | $541K | 50x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.092% | −0.0925% | 1h | $93K | $173K | 20x | as long as short |
| SoDEX MORPHO-USD | −0.078% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.070% | +0.0100% | 4h | $3.2M | $5.0M | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.067% | −0.0184% | 4h | $10K | $34K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.059% | −0.0170% | 4h | $8.9M | $10.6M | 25x | as long as short |
| Paradex MORPHO-USD-PERP | −0.055% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| MEXC MORPHO_USDT | −0.052% | −0.0002% | 4h | $4.8M | $1.2M | 100x | as long as short |