Spread before costs (cost unknown: a leg has no order-book sample)−0.099%
7d average—if it closes, per $10,000$10funding while held, a day−$17.87
| 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 | 36m 06s | $16 | — | 10x |
| Short | Gate MORPHO_USDT | 2.7022 | −0.0600 | pay 0.0300% / 4h | 2h 36m | $765K | $540K | 50x |
Reya MORPHORUSDPERP
Gate 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
- −$9.89
- Funding while held
- −$17.87
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$48.76
- Spread needed to break even
- 0.210%
Slippage unknown: Reya: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0596%
- Per $10,000 a day
- −$17.87
- 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 Gate live order book, 2 min ago | 7.77 bp | 46.7 bp −$47 | 204.6 bp −$2,046 | 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.01 Exchange2.7006cheapest
Gate2.7022+0.059%
Polymarket Perps2.7032+0.096%Paradex2.7043+0.136%Extended2.7044+0.141%
Polymarket Perps
Paradex
ExtendedReya2.7049+0.158%
Orderly2.7053+0.174%Kraken Futures2.7054+0.176%MEXC2.7056+0.185%Deribit2.7058+0.193%SoDEX2.7060+0.200%BingX2.7062+0.207%KuCoin2.7063+0.211%Binance2.7075+0.255%GMX2.7075+0.257%Bitget2.7077+0.263%BloFin2.7078+0.267%Bybit2.7080+0.274%Lighter2.7081+0.277%Aster2.7087+0.301%OKX2.7090+0.311%Variational Omni2.7091+0.317%Coinbase International2.7093+0.322%Phoenix2.7094+0.326%Hyperliquid2.7122+0.430%Injective2.7130+0.459%
Orderly
Kraken Futures
MEXC
Deribit
SoDEX
BingX
KuCoin
Binance
GMX
Bitget
BloFin
Bybit
Lighter
Aster
OKX
Variational Omni
Coinbase International
Phoenix
Hyperliquid
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.158% | −0.0960% | 1h | $887 | $11K | 5x | as long as short |
| Gate MORPHO_USDTshort | −0.099% | −0.0600% | 4h | $765K | $540K | 50x | |
| Polymarket Perps MORPHO-USD | −0.062% | −0.0450% | 1h | $27K | $2.8M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.022% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Extended MORPHO-USD | −0.017% | 0.0000% | 1h | $102K | $304K | 10x | as long as short |
| Reya MORPHORUSDPERPlong | 0.000% | −0.0004% | 1h | $16 | — | 10x | |
| Orderly PERP_MORPHO_USDC | +0.016% | −0.0182% | 4h | $10K | $34K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.018% | −0.0924% | 1h | $93K | $173K | 20x | as long as short |
| MEXC MORPHO_USDT | +0.027% | −0.0004% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.034% | −0.1042% | 1h | $11K | $443 | 10x | as long as short |