Spread before costs (cost unknown: a leg has no order-book sample)+0.086%
7d average—if it closes, per $10,000$9funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.6743 | 0.0100 | pay 0.0013% / 1h | 12m 20s | $22K | $2K | 5x |
| Short | KuCoin MORPHOUSDTM | 2.6766 | 0.0100 | get 0.0050% / 4h | 2h 12m | $596K | $365K | 50x |
SoDEX MORPHO-USD
KuCoin MORPHOUSDTMPrice 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
- $8.6
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$11.4
- Spread needed to break even
- 0.200%
Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 38 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 KuCoin live order book, 38 min ago | 14.69 bp | 90.4 bp −$90 | 195.7 bp −$1,957 | 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.Kraken Futures2.6688cheapest01 Exchange2.6711+0.087%MEXC2.6738+0.189%BingX2.6738+0.189%Polymarket Perps2.6738+0.189%Orderly2.6738+0.189%Extended2.6738+0.190%
Kraken Futures
MEXC
BingX
Polymarket Perps
Orderly
ExtendedSoDEX2.6743+0.207%
Gate2.6745+0.215%Binance2.6747+0.222%OKX2.6748+0.226%Bitget2.6748+0.226%Reya2.6749+0.228%Paradex2.6750+0.235%Aster2.6753+0.245%Deribit2.6758+0.264%Lighter2.6763+0.282%BloFin2.6763+0.282%
Gate
Binance
OKX
Bitget
Reya
Paradex
Aster
Deribit
Lighter
BloFinKuCoin2.6766+0.294%
GMX2.6766+0.295%Bybit2.6769+0.305%Hyperliquid2.6793+0.395%Phoenix2.6830+0.533%Variational Omni2.6847+0.598%Coinbase International2.6860+0.646%Injective2.7130+1.658%
GMX
Bybit
Hyperliquid
Phoenix
Variational Omni
Coinbase International
InjectiveMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.207% | −0.0936% | 1h | $85K | $169K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.120% | −0.0872% | 1h | $878 | $11K | 5x | as long as short |
| MEXC MORPHO_USDT | −0.019% | +0.0004% | 4h | $4.8M | $1.2M | 100x | as long as short |
| BingX MORPHO-USDT | −0.019% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.019% | −0.0445% | 1h | $27K | $2.7M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.019% | −0.0199% | 4h | $10K | $34K | 10x | as long as short |
| Extended MORPHO-USD | −0.017% | 0.0000% | 1h | $101K | $304K | 10x | as long as short |
| SoDEX MORPHO-USDlong | 0.000% | +0.0100% | 1h | $22K | $2K | 5x | |
| Gate MORPHO_USDT | +0.007% | −0.0740% | 4h | $765K | $548K | 50x | as long as short |
| Binance MORPHOUSDT | +0.015% | +0.0002% | 4h | $16.5M | $27.9M | 75x | as long as short |