Spread before costs (cost unknown: a leg has no order-book sample)−0.070%
7d average—if it closes, per $10,000$7funding while held, a day+$3.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.6782 | −0.0004 | get 0.0001% / 1h | 25m 39s | $16 | — | 10x |
| Short | Paradex MORPHO-USD-PERP | 2.6763 | 0.0100 | get 0.0100% / 8h | 5h 25m | $5K | $3 | 5x |
Reya MORPHORUSDPERP
Paradex MORPHO-USD-PERPPrice 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
- −$7.01
- Funding while held
- $3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$13.88
- Spread needed to break even
- 0.100%
Slippage unknown: Reya: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0104%
- Per $10,000 a day
- +$3.12
- 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 Paradex no order-book sample | — | — | — | — | — |
Reya and Paradex: 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 Exchange2.6722cheapestKraken Futures2.6751+0.109%Polymarket Perps2.6762+0.150%
Kraken Futures
Polymarket PerpsParadex2.6763+0.154%
Binance2.6765+0.160%Extended2.6773+0.191%Gate2.6773+0.191%KuCoin2.6773+0.191%Orderly2.6775+0.198%BloFin2.6780+0.217%Bybit2.6781+0.221%MEXC2.6781+0.221%Variational Omni2.6781+0.222%
Binance
Extended
Gate
KuCoin
Orderly
BloFin
Bybit
MEXC
Variational OmniReya2.6782+0.224%
OKX2.6783+0.228%BingX2.6783+0.228%SoDEX2.6784+0.232%Deribit2.6788+0.247%Aster2.6789+0.251%Bitget2.6789+0.251%GMX2.6795+0.274%Phoenix2.6800+0.292%Coinbase International2.6813+0.341%Lighter2.6820+0.366%Hyperliquid2.6841+0.445%Injective2.7130+1.527%
OKX
BingX
SoDEX
Deribit
Aster
Bitget
GMX
Phoenix
Coinbase International
Lighter
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 | −0.224% | −0.0656% | 1h | $878 | $12K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.115% | −0.2233% | 1h | $84K | $165K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.074% | −0.0319% | 1h | $24K | $2.5M | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | −0.070% | +0.0100% | 8h | $5K | $3 | 5x | |
| Binance MORPHOUSDT | −0.064% | +0.0062% | 4h | $16.5M | $27.2M | 75x | as long as short |
| Extended MORPHO-USD | −0.033% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| Gate MORPHO_USDT | −0.033% | −0.0620% | 4h | $772K | $538K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.033% | +0.0100% | 4h | $598K | $343K | 50x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.026% | −0.0214% | 4h | $10K | $34K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.007% | −0.0128% | 4h | $667K | $205K | 20x | as long as short |