Spread before costs (cost unknown: a leg has no order-book sample)+0.397%
7d average—if it closes, per $10,000$40funding while held, a day+$19.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.6940 | −0.0536 | get 0.0067% / 1h | 0m 03s | $885 | $12K | 5x |
| Short | Hyperliquid MORPHO | 2.7047 | 0.0100 | get 0.0013% / 1h | 0m 03s | $6.4M | $7.1M | 5x |
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
- $39.72
- Funding while held
- $19.08
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $42.8
- Spread needed to break even
- 0.160%
Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0636%
- Per $10,000 a day
- +$19.08
- 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 Hyperliquid live order book, 3 min ago | 0.74 bp | 17.0 bp −$17 | 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.Injective2.6760cheapestPolymarket Perps2.6954+0.725%Orderly2.6955+0.729%Kraken Futures2.6957+0.736%Extended2.6960+0.749%Paradex2.6964+0.762%KuCoin2.6965+0.766%SoDEX2.6965+0.766%Gate2.6966+0.770%MEXC2.6966+0.770%BingX2.6967+0.774%Phoenix2.6968+0.777%Reya2.6969+0.780%Binance2.6969+0.781%Deribit2.6970+0.785%Bitget2.6973+0.796%Variational Omni2.6976+0.806%BloFin2.6976+0.807%Bybit2.6977+0.811%OKX2.6980+0.822%Aster2.6983+0.833%GMX2.6984+0.838%Lighter2.7005+0.917%Coinbase International2.7014+0.949%
Injective
Polymarket Perps
Orderly
Kraken Futures
Extended
Paradex
KuCoin
SoDEX
Gate
MEXC
BingX
Phoenix
Reya
Binance
Deribit
Bitget
Variational Omni
BloFin
Bybit
OKX
Aster
GMX
Lighter
Coinbase InternationalHyperliquid2.7047+1.072%
MORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −0.668% | +0.0033% | 1h | $37 | $39K | 5.5x | as long as short |
| 01 Exchange MORPHOUSDlong | 0.000% | −0.0536% | 1h | $885 | $12K | 5x | |
| Polymarket Perps MORPHO-USD | +0.052% | −0.0198% | 1h | $24K | $2.2M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.056% | −0.0210% | 4h | $10K | $34K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | +0.063% | −0.2216% | 1h | $85K | $164K | 20x | as long as short |
| Extended MORPHO-USD | +0.075% | +0.0104% | 1h | $101K | $304K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.088% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| KuCoin MORPHOUSDTM | +0.093% | +0.0100% | 4h | $602K | $317K | 50x | as long as short |
| SoDEX MORPHO-USD | +0.093% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |
| Gate MORPHO_USDT | +0.097% | −0.0386% | 4h | $778K | $541K | 50x | as long as short |