Spread before costs (cost unknown: a leg has no order-book sample)+0.441%
7d average+0.044%if it closes, per $10,000$44funding while held, a day−$7.89
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.7619 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $674K | $1.4M | — |
| Short | Polymarket Perps MORPHO-USD | 2.7741 | −0.0163 | pay 0.0020% / 1h | 8m 30s | $34K | $3.0M | 5x |
Variational Omni MORPHO
Polymarket Perps 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
- $44.15
- Funding while held
- −$7.89
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $28.26
- Spread needed to break even
- 0.080%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Polymarket Perps: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0263%
- Per $10,000 a day
- −$7.89
- 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, 2 min ago | 8.14 bp | doesn't fit | 77.4 bp −$774 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 1.27 bp | 5.4 bp −$5 | 5.9 bp −$59 | doesn't fit | doesn't fit |
MORPHO price on every exchange
against the cheapest. Click to use as the short leg.Injective2.7130cheapest
InjectiveVariational Omni2.7619+1.803%
Phoenix2.7634+1.858%BloFin2.7698+2.094%Orderly2.7709+2.134%Deribit2.7719+2.171%SoDEX2.7726+2.197%Coinbase International2.7727+2.201%Extended2.7727+2.202%Reya2.7729+2.208%MEXC2.7731+2.215%Binance2.7731+2.216%Paradex2.7733+2.222%BingX2.7734+2.226%Kraken Futures2.7735+2.229%GMX2.7739+2.246%
Phoenix
BloFin
Orderly
Deribit
SoDEX
Coinbase International
Extended
Reya
MEXC
Binance
Paradex
BingX
Kraken Futures
GMXPolymarket Perps2.7741+2.252%
OKX2.7743+2.259%Bitget2.7752+2.293%Gate2.7755+2.304%Aster2.7757+2.311%KuCoin2.7762+2.330%Bybit2.7766+2.344%Lighter2.7773+2.371%Hyperliquid2.7805+2.490%
OKX
Bitget
Gate
Aster
KuCoin
Bybit
Lighter
HyperliquidMORPHO on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.771% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| Variational Omni MORPHOlong | 0.000% | +0.0100% | 4h | $674K | $1.4M | — | |
| Phoenix MORPHO | +0.054% | −0.0058% | 1h | $36K | $514K | 5x | as long as short |
| BloFin MORPHO-USDT | +0.286% | −0.0200% | 4h | $686K | $257K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.326% | −0.0069% | 4h | $11K | $34K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.362% | −0.0795% | 1h | $11K | $443 | 10x | as long as short |
| SoDEX MORPHO-USD | +0.387% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.391% | −0.0032% | 1h | $81K | $53K | 25x | as long as short |
| Extended MORPHO-USD | +0.392% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| Reya MORPHORUSDPERP | +0.398% | −0.0004% | 1h | $17 | — | 10x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | +0.405% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Binance MORPHOUSDT | +0.406% | +0.0100% | 4h | $16.9M | $30.2M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | +0.412% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| BingX MORPHO-USDT | +0.416% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.419% | −0.0368% | 1h | $100K | $191K | 20x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | +0.435% | L +0.0197% / S −0.0897% | 1h | $2K | — | 100x | as long as short |
| Polymarket Perps MORPHO-USDshort | +0.441% | −0.0163% | 1h | $34K | $3.0M | 5x | |
| OKX MORPHO-USDT-SWAP | +0.449% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Bitget MORPHOUSDT | +0.481% | +0.0100% | 4h | $3.0M | $2.6M | 75x | as long as short |
| Gate MORPHO_USDT | +0.492% | −0.0310% | 4h | $782K | $592K | 50x | as long as short |
| Aster MORPHOUSDT | +0.500% | +0.0100% | 4h | $61K | $34K | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.518% | +0.0100% | 4h | $634K | $356K | 50x | as long as short |
| Bybit MORPHOUSDT | +0.532% | −0.0119% | 4h | $9.0M | $11.0M | 25x | as long as short |
| Lighter MORPHO | +0.558% | +0.0096% | 1h | $327K | $476K | 5x | as long as short |
| Hyperliquid MORPHO | +0.675% | +0.0116% | 1h | $6.8M | $8.1M | 5x | as long as short |