Spread before costs (cost unknown: a leg has no order-book sample)+0.079%
7d average—if it closes, per $10,000$8funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.6750 | 0.0100 | pay 0.0013% / 1h | 57m 02s | $22K | $2K | 5x |
| Short | Hyperliquid MORPHO | 2.6771 | 0.0100 | get 0.0013% / 1h | 57m 02s | $6.4M | $7.1M | 5x |
SoDEX MORPHO-USD
Hyperliquid MORPHOPrice 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
- $7.89
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$9.11
- Spread needed to break even
- 0.170%
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 1.31 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
SoDEX: 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 Exchange2.6684cheapestKraken Futures2.6694+0.038%Gate2.6701+0.064%Paradex2.6706+0.081%Coinbase International2.6709+0.094%KuCoin2.6717+0.124%Extended2.6730+0.171%Bitget2.6732+0.180%BloFin2.6732+0.180%Binance2.6732+0.181%BingX2.6734+0.187%Aster2.6735+0.192%Polymarket Perps2.6736+0.195%Orderly2.6736+0.195%OKX2.6737+0.199%Bybit2.6740+0.210%Variational Omni2.6743+0.219%Reya2.6750+0.247%
Kraken Futures
Gate
Paradex
Coinbase International
KuCoin
Extended
Bitget
BloFin
Binance
BingX
Aster
Polymarket Perps
Orderly
OKX
Bybit
Variational Omni
ReyaSoDEX2.6750+0.247%
MEXC2.6754+0.262%Deribit2.6757+0.274%Lighter2.6764+0.301%GMX2.6768+0.313%Phoenix2.6771+0.326%
MEXC
Deribit
Lighter
GMX
PhoenixHyperliquid2.6771+0.326%
Injective2.7130+1.671%
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.247% | −0.0824% | 1h | $877 | $11K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.209% | −0.2238% | 1h | $84K | $167K | 20x | as long as short |
| Gate MORPHO_USDT | −0.183% | −0.0664% | 4h | $766K | $534K | 50x | as long as short |
| Paradex MORPHO-USD-PERP | −0.166% | +0.0099% | 8h | $5K | $3 | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.153% | −0.0352% | 1h | $77K | $47K | 25x | as long as short |
| KuCoin MORPHOUSDTM | −0.123% | +0.0100% | 4h | $595K | $344K | 50x | as long as short |
| Extended MORPHO-USD | −0.076% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| Bitget MORPHOUSDT | −0.067% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| BloFin MORPHO-USDT | −0.067% | −0.0222% | 4h | $666K | $205K | 20x | as long as short |
| Binance MORPHOUSDT | −0.066% | +0.0018% | 4h | $16.5M | $27.4M | 75x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX MORPHO-USDT | −0.060% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Aster MORPHOUSDT | −0.056% | +0.0100% | 4h | $58K | $31K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.052% | −0.0507% | 1h | $26K | $2.7M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.052% | −0.0204% | 4h | $10K | $34K | 10x | as long as short |
| OKX MORPHO-USDT-SWAP | −0.049% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Bybit MORPHOUSDT | −0.037% | −0.0149% | 4h | $8.8M | $10.3M | 25x | as long as short |
| Variational Omni MORPHO | −0.028% | +0.0062% | 4h | $652K | $1.4M | — | as long as short |
| Reya MORPHORUSDPERP | 0.000% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| SoDEX MORPHO-USDlong | 0.000% | +0.0100% | 1h | $22K | $2K | 5x | |
| MEXC MORPHO_USDT | +0.015% | +0.0016% | 4h | $4.8M | $1.2M | 100x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.026% | −0.0945% | 1h | $10K | $745 | 10x | as long as short |
| Lighter MORPHO | +0.053% | +0.0096% | 1h | $319K | $364K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.066% | L +0.0158% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| Phoenix MORPHO | +0.079% | −0.0030% | 1h | $34K | $478K | 5x | as long as short |
| Hyperliquid MORPHOshort | +0.079% | +0.0100% | 1h | $6.4M | $7.1M | 5x | |
| Injective MORPHO/USDC PERP | +1.421% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |