Spread before costs (cost unknown: a leg has no order-book sample)−0.059%
7d average—if it closes, per $10,000$6funding while held, a day−$25.32
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.7294 | 0.0100 | pay 0.0013% / 1h | 15m 04s | $23K | $2K | 5x |
| Short | 01 Exchange MORPHOUSD | 2.7278 | −0.0744 | pay 0.0093% / 1h | 15m 04s | $896 | $10K | 5x |
SoDEX 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
- −$5.86
- Funding while held
- −$25.32
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$46.18
- Spread needed to break even
- 0.150%
Slippage unknown: SoDEX: no order-book sample; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0844%
- Per $10,000 a day
- −$25.32
- 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 01 Exchange no order-book sample | — | — | — | — | — |
SoDEX and 01 Exchange: 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.Injective2.7130cheapestVariational Omni2.7261+0.485%Gate2.7281+0.557%MEXC2.7286+0.575%Binance2.7288+0.582%BingX2.7294+0.604%
Injective
Variational Omni
Gate
MEXC
Binance
BingXSoDEX2.7294+0.604%
Extended2.7296+0.612%Coinbase International2.7297+0.616%BloFin2.7300+0.627%Reya2.7301+0.631%Paradex2.7302+0.632%Orderly2.7302+0.634%Polymarket Perps2.7303+0.638%OKX2.7309+0.660%Phoenix2.7310+0.663%Deribit2.7312+0.671%KuCoin2.7314+0.678%Bybit2.7316+0.686%Kraken Futures2.7319+0.697%Lighter2.7319+0.698%Aster2.7324+0.716%Bitget2.7325+0.719%GMX2.7334+0.753%Hyperliquid2.7355+0.829%
Extended
Coinbase International
BloFin
Reya
Paradex
Orderly
Polymarket Perps
OKX
Phoenix
Deribit
KuCoin
Bybit
Kraken Futures
Lighter
Aster
Bitget
GMX
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 | −0.601% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| Variational Omni MORPHO | −0.119% | +0.0100% | 4h | $666K | $1.4M | — | as long as short |
| 01 Exchange MORPHOUSDshort | −0.059% | −0.0744% | 1h | $896 | $10K | 5x | |
| Gate MORPHO_USDT | −0.048% | −0.0462% | 4h | $766K | $576K | 50x | as long as short |
| MEXC MORPHO_USDT | −0.029% | +0.0080% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Binance MORPHOUSDT | −0.022% | +0.0083% | 4h | $16.8M | $30.0M | 75x | as long as short |
| BingX MORPHO-USDT | 0.000% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDlong | 0.000% | +0.0100% | 1h | $23K | $2K | 5x | |
| Extended MORPHO-USD | +0.007% | +0.0080% | 1h | $102K | $304K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.011% | −0.0256% | 1h | $79K | $51K | 25x | as long as short |