Spread before costs (cost unknown: a leg has no order-book sample)+0.311%
7d average—if it closes, per $10,000$31funding while held, a day+$36.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.7384 | −0.1136 | get 0.0142% / 1h | 14m 07s | $900 | $8K | 5x |
| Short | Lighter MORPHO | 2.7469 | 0.0096 | get 0.0012% / 1h | 14m 07s | $322K | $503K | 5x |
Lighter 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
- $31.15
- Funding while held
- $36.96
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $61.11
- Spread needed to break even
- 0.070%
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 28 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1232%
- Per $10,000 a day
- +$36.96
- 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 Lighter live order book, 28 min ago | 2.73 bp | 11.9 bp −$12 | 154.2 bp −$1,542 | 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.Injective2.7130cheapestVariational Omni2.7368+0.876%BloFin2.7391+0.962%Coinbase International2.7402+1.003%Phoenix2.7411+1.036%KuCoin2.7419+1.065%Extended2.7421+1.074%MEXC2.7427+1.095%Orderly2.7429+1.102%SoDEX2.7430+1.106%Binance2.7431+1.109%Deribit2.7436+1.128%Paradex2.7436+1.129%Reya2.7437+1.130%Bitget2.7439+1.139%BingX2.7440+1.143%Kraken Futures2.7442+1.150%Polymarket Perps2.7443+1.154%Bybit2.7446+1.165%Gate2.7451+1.183%OKX2.7452+1.187%Aster2.7460+1.215%GMX2.7467+1.243%
Injective
Variational Omni
BloFin
Coinbase International
Phoenix
KuCoin
Extended
MEXC
Orderly
SoDEX
Binance
Deribit
Paradex
Reya
Bitget
BingX
Kraken Futures
Polymarket Perps
Bybit
Gate
OKX
Aster
GMXLighter2.7469+1.251%
Hyperliquid2.7504+1.379%
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 | −0.928% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| Variational Omni MORPHO | −0.060% | +0.0050% | 4h | $669K | $1.4M | — | as long as short |
| 01 Exchange MORPHOUSDlong | 0.000% | −0.1136% | 1h | $900 | $8K | 5x | |
| BloFin MORPHO-USDT | +0.026% | −0.0200% | 4h | $691K | $249K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | +0.066% | −0.0144% | 1h | $80K | $53K | 25x | as long as short |
| Phoenix MORPHO | +0.099% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |
| KuCoin MORPHOUSDTM | +0.128% | +0.0100% | 4h | $664K | $378K | 50x | as long as short |
| Extended MORPHO-USD | +0.137% | +0.0104% | 1h | $103K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.157% | +0.0100% | 4h | $4.9M | $1.3M | 100x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.164% | −0.0110% | 4h | $11K | $34K | 10x | as long as short |