Spread before costs (cost unknown: a leg has no order-book sample)+0.305%
7d average—if it closes, per $10,000$31funding while held, a day+$41.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.7532 | −0.1440 | get 0.0180% / 1h | 6m 26s | $905 | $8K | 5x |
| Short | Orderly PERP_MORPHO_USDC | 2.7616 | −0.0070 | pay 0.0035% / 4h | 1h 06m | $11K | $34K | 10x |
Orderly PERP_MORPHO_USDCPrice 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
- $30.51
- Funding while held
- $41.1
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $58.61
- Spread needed to break even
- 0.130%
Slippage unknown: 01 Exchange: no order-book sample; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1370%
- Per $10,000 a day
- +$41.10
- 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 Orderly no order-book sample | — | — | — | — | — |
01 Exchange and Orderly: 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.Injective2.7130cheapestParadex2.7616+1.790%
Injective
ParadexOrderly2.7616+1.791%
Binance2.7618+1.800%Variational Omni2.7619+1.803%OKX2.7620+1.806%Reya2.7624+1.823%Extended2.7625+1.826%MEXC2.7627+1.832%Polymarket Perps2.7639+1.876%SoDEX2.7643+1.891%Bybit2.7644+1.895%GMX2.7645+1.897%Gate2.7649+1.913%BloFin2.7654+1.931%Deribit2.7655+1.935%BingX2.7659+1.950%Aster2.7660+1.953%Bitget2.7670+1.990%KuCoin2.7675+2.009%Kraken Futures2.7678+2.021%Lighter2.7681+2.031%Hyperliquid2.7703+2.112%Coinbase International2.7751+2.289%Phoenix2.7753+2.296%
Binance
Variational Omni
OKX
Reya
Extended
MEXC
Polymarket Perps
SoDEX
Bybit
GMX
Gate
BloFin
Deribit
BingX
Aster
Bitget
KuCoin
Kraken Futures
Lighter
Hyperliquid
Coinbase International
PhoenixMORPHO on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | −1.460% | +0.0033% | 1h | $38 | $137K | 5.5x | as long as short |
| 01 Exchange MORPHOUSDlong | 0.000% | −0.1440% | 1h | $905 | $8K | 5x | |
| Paradex MORPHO-USD-PERP | +0.304% | +0.0100% | 8h | $5K | $3 | 5x | as long as short |
| Orderly PERP_MORPHO_USDCshort | +0.305% | −0.0070% | 4h | $11K | $34K | 10x | |
| Binance MORPHOUSDT | +0.314% | +0.0100% | 4h | $16.9M | $30.3M | 75x | as long as short |
| Variational Omni MORPHO | +0.316% | +0.0100% | 4h | $674K | $1.4M | — | as long as short |
| OKX MORPHO-USDT-SWAP | +0.320% | +0.0100% | 4h | $3.3M | $5.8M | 20x | as long as short |
| Reya MORPHORUSDPERP | +0.336% | −0.0004% | 1h | $17 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.339% | +0.0104% | 1h | $104K | $310K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.345% | +0.0100% | 4h | $5.0M | $1.4M | 100x | as long as short |