Spread before costs (cost unknown: a leg has no order-book sample)+0.005%
7d average—if it closes, per $10,000$0funding while held, a day+$2.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.7267 | −0.0004 | get 0.0001% / 1h | 15m 56s | $16 | — | 10x |
| Short | MEXC MORPHO_USDT | 2.7268 | 0.0080 | get 0.0040% / 4h | 3h 15m | $4.9M | $1.3M | 100x |
Reya MORPHORUSDPERP
MEXC 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
- $0.47
- Funding while held
- $2.53
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$7.01
- Spread needed to break even
- 0.100%
Slippage unknown: Reya: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0084%
- Per $10,000 a day
- +$2.53
- 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 MEXC live order book, 3 min ago | 0.37 bp | 6.1 bp −$6 | 41.2 bp −$412 | 203.8 bp −$20.4K | 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.Injective2.7130cheapestPhoenix2.7213+0.306%01 Exchange2.7234+0.383%BloFin2.7251+0.446%Gate2.7255+0.461%Paradex2.7256+0.465%Variational Omni2.7261+0.483%Polymarket Perps2.7262+0.487%
Injective
Phoenix
BloFin
Gate
Paradex
Variational Omni
Polymarket PerpsReya2.7267+0.504%
OKX2.7268+0.509%
OKXMEXC2.7268+0.509%
Bitget2.7270+0.516%Binance2.7273+0.527%Extended2.7275+0.534%SoDEX2.7278+0.546%BingX2.7280+0.553%Orderly2.7286+0.575%Bybit2.7287+0.579%Coinbase International2.7288+0.582%Kraken Futures2.7290+0.588%Deribit2.7292+0.597%KuCoin2.7295+0.608%Aster2.7304+0.642%Lighter2.7312+0.672%GMX2.7324+0.714%Hyperliquid2.7341+0.778%
Bitget
Binance
Extended
SoDEX
BingX
Orderly
Bybit
Coinbase International
Kraken Futures
Deribit
KuCoin
Aster
Lighter
GMX
HyperliquidMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.501% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| Phoenix MORPHO | −0.197% | −0.0146% | 1h | $35K | $554K | 5x | as long as short |
| 01 Exchange MORPHOUSD | −0.120% | −0.0744% | 1h | $895 | $10K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.058% | −0.0162% | 4h | $685K | $246K | 20x | as long as short |
| Gate MORPHO_USDT | −0.043% | −0.0480% | 4h | $766K | $576K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | −0.038% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Variational Omni MORPHO | −0.021% | +0.0100% | 4h | $666K | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.017% | −0.0339% | 1h | $28K | $3.0M | 5x | as long as short |
| Reya MORPHORUSDPERPlong | 0.000% | −0.0004% | 1h | $16 | — | 10x | |
| OKX MORPHO-USDT-SWAP | +0.005% | +0.0100% | 4h | $3.2M | $5.5M | 20x | as long as short |