Spread before costs (cost unknown: a leg has no order-book sample)+0.209%
7d average—if it closes, per $10,000$21funding while held, a day+$14.90
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.7332 | −0.0696 | get 0.0087% / 1h | 25m 45s | $898 | $10K | 5x |
| Short | BloFin MORPHO-USDT | 2.7389 | −0.0199 | pay 0.0100% / 4h | 3h 25m | $679K | $247K | 20x |
BloFin 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
- $20.85
- Funding while held
- $14.9
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $16.76
- Spread needed to break even
- 0.190%
Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 13 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0497%
- Per $10,000 a day
- +$14.90
- 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 BloFin live order book, 13 min ago | 0.55 bp | 14.7 bp −$15 | 30.9 bp −$309 | doesn't fit | doesn't fit |
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.Injective2.7130cheapestGate2.7343+0.785%Variational Omni2.7345+0.794%Binance2.7353+0.822%Extended2.7355+0.828%SoDEX2.7356+0.833%Paradex2.7359+0.843%MEXC2.7359+0.844%Coinbase International2.7363+0.859%Orderly2.7366+0.870%KuCoin2.7368+0.877%Bybit2.7369+0.881%Polymarket Perps2.7371+0.888%OKX2.7372+0.892%Kraken Futures2.7374+0.898%Aster2.7374+0.899%Bitget2.7374+0.899%Reya2.7374+0.900%BingX2.7375+0.903%Deribit2.7386+0.944%Lighter2.7386+0.945%
Injective
Gate
Variational Omni
Binance
Extended
SoDEX
Paradex
MEXC
Coinbase International
Orderly
KuCoin
Bybit
Polymarket Perps
OKX
Kraken Futures
Aster
Bitget
Reya
BingX
Deribit
LighterBloFin2.7389+0.955%
Phoenix2.7402+1.003%GMX2.7406+1.018%Hyperliquid2.7431+1.109%
Phoenix
GMX
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 | −0.739% | +0.0033% | 1h | $38 | $34K | 5.5x | as long as short |
| 01 Exchange MORPHOUSDlong | 0.000% | −0.0696% | 1h | $898 | $10K | 5x | |
| Gate MORPHO_USDT | +0.040% | −0.0458% | 4h | $767K | $574K | 50x | as long as short |
| Variational Omni MORPHO | +0.049% | +0.0100% | 4h | $670K | $1.4M | — | as long as short |
| Binance MORPHOUSDT | +0.077% | +0.0096% | 4h | $16.9M | $30.4M | 75x | as long as short |
| Extended MORPHO-USD | +0.083% | +0.0096% | 1h | $103K | $304K | 10x | as long as short |
| SoDEX MORPHO-USD | +0.088% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.098% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| MEXC MORPHO_USDT | +0.099% | +0.0098% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.113% | −0.0256% | 1h | $79K | $52K | 25x | as long as short |