Spread before costs (cost unknown: a leg has no order-book sample)+0.007%
7d average−0.038%if it closes, per $10,000$1funding while held, a day−$1.48
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.6743 | 0.0062 | pay 0.0031% / 4h | 2h 00m | $652K | $1.4M | — |
| Short | Binance MORPHOUSDT | 2.6744 | 0.0013 | get 0.0006% / 4h | 2h 00m | $16.5M | $27.5M | 75x |
Variational Omni MORPHO
Binance MORPHOUSDTPrice 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
- $0.68
- Funding while held
- −$1.48
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$10.8
- Spread needed to break even
- 0.100%
Slippage unknown: Variational Omni: RFQ quote, just now; Binance: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0049%
- Per $10,000 a day
- −$1.48
- 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 Variational Omni RFQ quote, just now | 6.45 bp | doesn't fit | 60.0 bp −$600 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.94 bp | 20.9 bp −$21 | 44.0 bp −$440 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Kraken Futures2.6675cheapest01 Exchange2.6702+0.102%Coinbase International2.6709+0.128%Phoenix2.6710+0.132%Gate2.6718+0.162%KuCoin2.6729+0.203%Polymarket Perps2.6731+0.211%Extended2.6737+0.232%SoDEX2.6739+0.241%
Kraken Futures
Coinbase International
Phoenix
Gate
KuCoin
Polymarket Perps
Extended
SoDEXVariational Omni2.6743+0.254%
Aster2.6744+0.260%
AsterBinance2.6744+0.261%
BloFin2.6745+0.263%Bitget2.6746+0.267%Orderly2.6746+0.267%Reya2.6747+0.270%Paradex2.6747+0.272%MEXC2.6748+0.275%BingX2.6751+0.286%Deribit2.6751+0.286%Bybit2.6760+0.320%OKX2.6763+0.331%Lighter2.6764+0.335%GMX2.6766+0.342%Hyperliquid2.6781+0.398%Injective2.7130+1.707%
BloFin
Bitget
Orderly
Reya
Paradex
MEXC
BingX
Deribit
Bybit
OKX
Lighter
GMX
Hyperliquid
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 | −0.253% | −0.0937% | 1h | $84K | $167K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.152% | −0.0872% | 1h | $877 | $11K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.125% | −0.0336% | 1h | $77K | $47K | 25x | as long as short |
| Phoenix MORPHO | −0.122% | −0.0059% | 1h | $34K | $517K | 5x | as long as short |
| Gate MORPHO_USDT | −0.092% | −0.0664% | 4h | $766K | $550K | 50x | as long as short |
| KuCoin MORPHOUSDTM | −0.051% | +0.0100% | 4h | $595K | $346K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.043% | −0.0472% | 1h | $27K | $2.7M | 5x | as long as short |
| Extended MORPHO-USD | −0.022% | +0.0016% | 1h | $101K | $304K | 10x | as long as short |
| SoDEX MORPHO-USD | −0.013% | +0.0100% | 1h | $22K | $2K | 5x | as long as short |
| Variational Omni MORPHOlong | 0.000% | +0.0062% | 4h | $652K | $1.4M | — |