Spread before costs (cost unknown: a leg has no order-book sample)+0.187%
7d average—if it closes, per $10,000$19funding while held, a day+$23.16
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.7284 | −0.0672 | get 0.0084% / 1h | 32m 54s | $897 | $9K | 5x |
| Short | BingX MORPHO-USDT | 2.7335 | 0.0100 | get 0.0050% / 4h | 3h 32m | — | $1.5M | — |
BingX MORPHO-USDTPrice 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
- $18.69
- Funding while held
- $23.16
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $24.85
- Spread needed to break even
- 0.170%
Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0772%
- Per $10,000 a day
- +$23.16
- 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 5 min ago | 3.65 bp | 17.9 bp −$18 | 38.8 bp −$388 | 255.4 bp −$25.5K | 634.2 bp −$317.1K |
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.Injective2.7130cheapestExtended2.7311+0.667%Binance2.7312+0.669%MEXC2.7315+0.682%SoDEX2.7316+0.686%Kraken Futures2.7320+0.702%Paradex2.7326+0.723%Deribit2.7327+0.726%OKX2.7330+0.737%BloFin2.7330+0.737%Polymarket Perps2.7332+0.745%Orderly2.7333+0.748%
Injective
Extended
Binance
MEXC
SoDEX
Kraken Futures
Paradex
Deribit
OKX
BloFin
Polymarket Perps
OrderlyBingX2.7335+0.756%
Reya2.7336+0.757%Bitget2.7339+0.770%KuCoin2.7346+0.796%Phoenix2.7349+0.807%Bybit2.7350+0.811%Lighter2.7359+0.843%Gate2.7361+0.851%Coinbase International2.7364+0.863%GMX2.7366+0.871%Variational Omni2.7369+0.881%Aster2.7374+0.899%Hyperliquid2.7392+0.966%
Reya
Bitget
KuCoin
Phoenix
Bybit
Lighter
Gate
Coinbase International
GMX
Variational Omni
Aster
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 | −0.564% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| 01 Exchange MORPHOUSDlong | 0.000% | −0.0672% | 1h | $897 | $9K | 5x | |
| Extended MORPHO-USD | +0.099% | +0.0104% | 1h | $103K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | +0.101% | +0.0100% | 4h | $16.9M | $30.5M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.114% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| SoDEX MORPHO-USD | +0.117% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.133% | −0.1053% | 1h | $99K | $183K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | +0.155% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | +0.158% | −0.1175% | 1h | $11K | $443 | 10x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.169% | +0.0100% | 4h | $3.2M | $5.6M | 20x | as long as short |