Spread before costs (cost unknown: a leg has no order-book sample)+0.081%
7d average—if it closes, per $10,000$8funding while held, a day+$11.88
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.7030 | −0.0952 | get 0.0119% / 1h | 41m 49s | $888 | $11K | 5x |
| Short | Gate MORPHO_USDT | 2.7052 | −0.0556 | pay 0.0278% / 4h | 2h 41m | $763K | $538K | 50x |
Gate 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
- $8.14
- Funding while held
- $11.88
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1.98
- Spread needed to break even
- 0.220%
Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 61 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0396%
- Per $10,000 a day
- +$11.88
- 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 Gate live order book, 61 min ago | 7.30 bp | 60.9 bp −$61 | doesn't fit | 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.Gate2.7052+0.081%
Paradex2.7065+0.129%SoDEX2.7068+0.141%Extended2.7072+0.155%Binance2.7075+0.167%Orderly2.7077+0.174%MEXC2.7081+0.189%BingX2.7081+0.189%Polymarket Perps2.7082+0.192%Deribit2.7086+0.207%Bybit2.7090+0.222%Kraken Futures2.7094+0.235%Reya2.7094+0.236%KuCoin2.7098+0.252%OKX2.7100+0.259%Lighter2.7106+0.279%Bitget2.7113+0.307%Aster2.7120+0.334%Coinbase International2.7122+0.340%GMX2.7123+0.345%Injective2.7130+0.370%Hyperliquid2.7134+0.385%BloFin2.7134+0.385%Phoenix2.7165+0.499%Variational Omni2.7211+0.669%
Paradex
SoDEX
Extended
Binance
Orderly
MEXC
BingX
Polymarket Perps
Deribit
Bybit
Kraken Futures
Reya
KuCoin
OKX
Lighter
Bitget
Aster
Coinbase International
GMX
Injective
Hyperliquid
BloFin
Phoenix
Variational OmniMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSDlong | 0.000% | −0.0952% | 1h | $888 | $11K | 5x | |
| Gate MORPHO_USDTshort | +0.081% | −0.0556% | 4h | $763K | $538K | 50x | |
| Paradex MORPHO-USD-PERP | +0.129% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| SoDEX MORPHO-USD | +0.141% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Extended MORPHO-USD | +0.155% | +0.0008% | 1h | $102K | $304K | 10x | as long as short |
| Binance MORPHOUSDT | +0.167% | +0.0007% | 4h | $16.7M | $28.9M | 75x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.174% | −0.0175% | 4h | $10K | $34K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.189% | +0.0006% | 4h | $4.8M | $1.2M | 100x | as long as short |
| BingX MORPHO-USDT | +0.189% | +0.0100% | 4h | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.192% | −0.0454% | 1h | $27K | $2.8M | 5x | as long as short |