Spread before costs (cost unknown: a leg has no order-book sample)+0.035%
7d average—if it closes, per $10,000$3funding while held, a day−$10.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.7329 | −0.0004 | get 0.0001% / 1h | 20m 37s | $16 | — | 10x |
| Short | Polymarket Perps MORPHO-USD | 2.7338 | −0.0366 | pay 0.0046% / 1h | 20m 37s | $31K | $3.0M | 5x |
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDPrice 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
- $3.46
- Funding while held
- −$10.86
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$21.4
- Spread needed to break even
- 0.140%
Slippage unknown: Reya: no order-book sample; Polymarket Perps: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0362%
- Per $10,000 a day
- −$10.86
- 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 Polymarket Perps live order book, 5 min ago | 2.38 bp | 6.7 bp −$7 | 9.0 bp −$90 | 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 Exchange2.7270+0.516%BloFin2.7324+0.715%Paradex2.7328+0.728%
Injective
BloFin
ParadexReya2.7329+0.732%
SoDEX2.7330+0.737%Orderly2.7332+0.745%Variational Omni2.7333+0.747%MEXC2.7338+0.767%
SoDEX
Orderly
Variational Omni
MEXCPolymarket Perps2.7338+0.767%
Extended2.7338+0.768%Bybit2.7340+0.774%Kraken Futures2.7341+0.779%Deribit2.7343+0.785%Binance2.7344+0.789%BingX2.7348+0.804%OKX2.7351+0.815%GMX2.7367+0.873%Bitget2.7376+0.907%Lighter2.7378+0.915%Gate2.7380+0.921%Phoenix2.7385+0.940%KuCoin2.7387+0.947%Aster2.7391+0.962%Coinbase International2.7400+0.995%Hyperliquid2.7407+1.021%
Extended
Bybit
Kraken Futures
Deribit
Binance
BingX
OKX
GMX
Bitget
Lighter
Gate
Phoenix
KuCoin
Aster
Coinbase International
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 | −0.727% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.214% | −0.1128% | 1h | $896 | $8K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.017% | −0.0200% | 4h | $687K | $249K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | −0.003% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Reya MORPHORUSDPERPlong | 0.000% | −0.0004% | 1h | $16 | — | 10x | |
| SoDEX MORPHO-USD | +0.005% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.013% | −0.0107% | 4h | $11K | $34K | 10x | as long as short |
| Variational Omni MORPHO | +0.015% | +0.0073% | 4h | $669K | $1.4M | — | as long as short |
| MEXC MORPHO_USDT | +0.035% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Polymarket Perps MORPHO-USDshort | +0.035% | −0.0366% | 1h | $31K | $3.0M | 5x |