Spread before costs (cost unknown: a leg has no order-book sample)−0.037%
7d average+0.112%if it closes, per $10,000$4funding while held, a day+$30.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.7733 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $676K | $1.4M | — |
| Short | Hyperliquid MORPHO | 2.7723 | 0.1109 | get 0.0139% / 1h | 1m 09s | $6.7M | $7.9M | 5x |
Variational Omni MORPHO
Hyperliquid MORPHOPrice 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
- −$3.68
- Funding while held
- $30.28
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $17.6
- Spread needed to break even
- 0.090%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1009%
- Per $10,000 a day
- +$30.28
- 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, 4 min ago | 6.35 bp | doesn't fit | 80.8 bp −$808 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.80 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapestParadex2.7637+1.871%01 Exchange2.7650+1.917%Reya2.7654+1.931%Extended2.7654+1.932%Binance2.7663+1.965%SoDEX2.7665+1.972%Orderly2.7666+1.976%MEXC2.7670+1.990%Bitget2.7672+1.998%BloFin2.7673+2.001%Deribit2.7676+2.013%BingX2.7678+2.020%Gate2.7679+2.024%Phoenix2.7681+2.031%Polymarket Perps2.7684+2.042%Aster2.7687+2.052%Bybit2.7690+2.064%OKX2.7692+2.072%KuCoin2.7697+2.090%GMX2.7698+2.093%Kraken Futures2.7699+2.099%Lighter2.7710+2.138%
Injective
Paradex
Reya
Extended
Binance
SoDEX
Orderly
MEXC
Bitget
BloFin
Deribit
BingX
Gate
Phoenix
Polymarket Perps
Aster
Bybit
OKX
KuCoin
GMX
Kraken Futures
LighterHyperliquid2.7723+2.186%
Variational Omni2.7733+2.223%
Coinbase International2.7791+2.436%
Coinbase InternationalMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −2.175% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| Paradex MORPHO-USD-PERP | −0.345% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| 01 Exchange MORPHOUSD | −0.300% | −0.0640% | 1h | $909 | $9K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.286% | −0.0004% | 1h | $17 | — | 10x | as long as short |
| Extended MORPHO-USD | −0.285% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| Binance MORPHOUSDT | −0.253% | +0.0100% | 4h | $16.9M | $29.6M | 75x | as long as short |
| SoDEX MORPHO-USD | −0.246% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.242% | −0.0032% | 4h | $11K | $34K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.228% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Bitget MORPHOUSDT | −0.221% | +0.0100% | 4h | $3.0M | $2.5M | 75x | as long as short |