Spread before costs (cost unknown: a leg has no order-book sample)−0.011%
7d average—if it closes, per $10,000$1funding while held, a day−$1.14
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.6784 | 0.0100 | pay 0.0013% / 1h | 25m 42s | $22K | $2K | 5x |
| Short | MEXC MORPHO_USDT | 2.6781 | 0.0062 | get 0.0031% / 4h | 1h 25m | $4.8M | $1.2M | 100x |
SoDEX MORPHO-USD
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
- −$1.12
- Funding while held
- −$1.14
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$14.26
- Spread needed to break even
- 0.120%
Slippage unknown: SoDEX: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0038%
- Per $10,000 a day
- −$1.14
- 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 MEXC live order book, 3 min ago | 0.75 bp | 6.5 bp −$6 | 46.4 bp −$464 | 197.5 bp −$19.7K | 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 Exchange2.6727cheapestKraken Futures2.6751+0.090%Polymarket Perps2.6762+0.131%Paradex2.6767+0.151%Orderly2.6775+0.180%Binance2.6775+0.181%Gate2.6776+0.183%KuCoin2.6776+0.183%Extended2.6778+0.193%BloFin2.6780+0.198%Bybit2.6781+0.202%
Kraken Futures
Polymarket Perps
Paradex
Orderly
Binance
Gate
KuCoin
Extended
BloFin
BybitMEXC2.6781+0.202%
Variational Omni2.6781+0.203%Reya2.6782+0.205%BingX2.6783+0.210%
Variational Omni
Reya
BingXSoDEX2.6784+0.213%
Deribit2.6788+0.228%Aster2.6789+0.232%Bitget2.6794+0.251%GMX2.6795+0.255%Phoenix2.6800+0.273%OKX2.6805+0.292%Coinbase International2.6813+0.322%Lighter2.6820+0.347%Hyperliquid2.6841+0.427%Injective2.7130+1.508%
Deribit
Aster
Bitget
GMX
Phoenix
OKX
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 | −0.213% | −0.0656% | 1h | $878 | $12K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.123% | −0.2233% | 1h | $84K | $165K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.082% | −0.0319% | 1h | $24K | $2.5M | 5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.063% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.034% | −0.0214% | 4h | $10K | $34K | 10x | as long as short |
| Binance MORPHOUSDT | −0.032% | +0.0062% | 4h | $16.5M | $27.2M | 75x | as long as short |
| Gate MORPHO_USDT | −0.030% | −0.0622% | 4h | $772K | $538K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.030% | +0.0100% | 4h | $598K | $343K | 50x | as long as short |
| Extended MORPHO-USD | −0.021% | +0.0064% | 1h | $101K | $304K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.015% | −0.0128% | 4h | $667K | $205K | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | −0.011% | −0.0229% | 4h | $8.8M | $10.2M | 25x | as long as short |
| MEXC MORPHO_USDTshort | −0.011% | +0.0062% | 4h | $4.8M | $1.2M | 100x | |
| Variational Omni MORPHO | −0.010% | +0.0023% | 4h | $654K | $1.4M | — | as long as short |
| Reya MORPHORUSDPERP | −0.008% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| BingX MORPHO-USDT | −0.004% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDlong | 0.000% | +0.0100% | 1h | $22K | $2K | 5x | |
| Deribit MORPHO_USDC-PERPETUAL | +0.015% | −0.0608% | 1h | $10K | $745 | 10x | as long as short |
| Aster MORPHOUSDT | +0.019% | +0.0100% | 4h | $58K | $32K | 20x | as long as short |
| Bitget MORPHOUSDT | +0.037% | +0.0100% | 4h | $2.9M | $2.1M | 75x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.041% | L +0.0157% / S −0.0698% | 1h | $2K | — | 100x | as long as short |
| Phoenix MORPHO | +0.060% | −0.0030% | 1h | $34K | $478K | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.078% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.108% | −0.0352% | 1h | $78K | $47K | 25x | as long as short |
| Lighter MORPHO | +0.133% | +0.0096% | 1h | $319K | $364K | 5x | as long as short |
| Hyperliquid MORPHO | +0.213% | +0.0100% | 1h | $6.4M | $7.1M | 5x | as long as short |
| Injective MORPHO/USDC PERP | +1.292% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |