Spread before costs (cost unknown: a leg has no order-book sample)−0.010%
7d average−0.044%if it closes, per $10,000$1funding while held, a day+$0.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.6976 | 0.0097 | pay 0.0049% / 4h | 59m 50s | $654K | $1.4M | — |
| Short | Bitget MORPHOUSDT | 2.6973 | 0.0100 | get 0.0050% / 4h | 59m 50s | $3.0M | $2.0M | 75x |
Variational Omni MORPHO
Bitget 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
- −$0.99
- Funding while held
- $0.08
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$12.91
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bitget: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0003%
- Per $10,000 a day
- +$0.08
- 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, 1 min ago | 4.58 bp | doesn't fit | 69.8 bp −$698 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.34 bp | 20.8 bp −$21 | 75.9 bp −$759 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.6760cheapest01 Exchange2.6940+0.673%Polymarket Perps2.6954+0.725%Orderly2.6955+0.729%Kraken Futures2.6957+0.736%Paradex2.6964+0.762%KuCoin2.6964+0.762%SoDEX2.6965+0.766%Binance2.6966+0.771%Extended2.6966+0.771%MEXC2.6967+0.774%Phoenix2.6968+0.777%Reya2.6969+0.780%Deribit2.6970+0.785%Gate2.6971+0.788%
Injective
Polymarket Perps
Orderly
Kraken Futures
Paradex
KuCoin
SoDEX
Binance
Extended
MEXC
Phoenix
Reya
Deribit
GateBitget2.6973+0.796%
Variational Omni2.6976+0.806%
BingX2.6976+0.807%BloFin2.6976+0.807%Bybit2.6977+0.811%OKX2.6980+0.822%Aster2.6983+0.833%GMX2.6984+0.838%Lighter2.7005+0.917%Coinbase International2.7014+0.949%Hyperliquid2.7047+1.072%
BingX
BloFin
Bybit
OKX
Aster
GMX
Lighter
Coinbase International
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 | −0.800% | +0.0033% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSD | −0.132% | −0.0536% | 1h | $885 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.080% | −0.0198% | 1h | $24K | $2.2M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.077% | −0.0210% | 4h | $10K | $34K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.069% | −0.2216% | 1h | $85K | $164K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | −0.044% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| KuCoin MORPHOUSDTM | −0.043% | +0.0100% | 4h | $602K | $317K | 50x | as long as short |
| SoDEX MORPHO-USD | −0.040% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Binance MORPHOUSDT | −0.034% | +0.0100% | 4h | $16.6M | $27.0M | 75x | as long as short |
| Extended MORPHO-USD | −0.034% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | −0.032% | +0.0100% | 4h | $5.1M | $1.2M | 100x | as long as short |
| Phoenix MORPHO | −0.028% | −0.0030% | 1h | $35K | $478K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.026% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.021% | −0.1009% | 1h | $11K | $745 | 10x | as long as short |
| Gate MORPHO_USDT | −0.017% | −0.0386% | 4h | $778K | $541K | 50x | as long as short |
| Bitget MORPHOUSDTshort | −0.010% | +0.0100% | 4h | $3.0M | $2.0M | 75x | |
| Variational Omni MORPHOlong | 0.000% | +0.0097% | 4h | $654K | $1.4M | — | |
| BingX MORPHO-USDT | +0.001% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| BloFin MORPHO-USDT | +0.001% | −0.0200% | 4h | $668K | $210K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.005% | −0.0074% | 4h | $8.9M | $10.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.016% | +0.0100% | 4h | $3.2M | $4.6M | 20x | as long as short |
| Aster MORPHOUSDT | +0.027% | +0.0100% | 4h | $59K | $33K | 20x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.032% | L +0.0193% / S −0.0879% | 1h | $2K | — | 100x | as long as short |
| Lighter MORPHO | +0.111% | +0.0096% | 1h | $321K | $365K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.142% | −0.0352% | 1h | $78K | $47K | 25x | as long as short |
| Hyperliquid MORPHO | +0.264% | +0.0100% | 1h | $6.4M | $7.1M | 5x | as long as short |