Spread before costs (cost unknown: a leg has no order-book sample)+0.122%
7d average—if it closes, per $10,000$12funding while held, a day+$37.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.7470 | −0.1136 | get 0.0142% / 1h | 7m 55s | $903 | $8K | 5x |
| Short | Paradex MORPHO-USD-PERP | 2.7504 | 0.0099 | get 0.0099% / 8h | 7m 55s | $5K | $3 | 5x |
Paradex MORPHO-USD-PERPPrice 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
- $12.21
- Funding while held
- $37.06
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $38.27
- Spread needed to break even
- 0.110%
Slippage unknown: 01 Exchange: no order-book sample; Paradex: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1235%
- Per $10,000 a day
- +$37.06
- 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 Paradex no order-book sample | — | — | — | — | — |
01 Exchange and Paradex: 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.Injective2.7130cheapestBloFin2.7419+1.065%Variational Omni2.7454+1.193%Phoenix2.7460+1.216%Gate2.7493+1.338%Reya2.7495+1.345%Orderly2.7496+1.349%KuCoin2.7499+1.360%SoDEX2.7500+1.364%
Injective
BloFin
Variational Omni
Phoenix
Gate
Reya
Orderly
KuCoin
SoDEXParadex2.7504+1.377%
Coinbase International2.7504+1.379%OKX2.7505+1.382%Kraken Futures2.7505+1.384%Polymarket Perps2.7507+1.390%Deribit2.7509+1.397%Extended2.7509+1.398%MEXC2.7511+1.404%BingX2.7513+1.412%Binance2.7514+1.415%Aster2.7520+1.439%Bitget2.7526+1.460%Bybit2.7527+1.463%GMX2.7533+1.484%Lighter2.7534+1.491%Hyperliquid2.7577+1.649%
Coinbase International
OKX
Kraken Futures
Polymarket Perps
Deribit
Extended
MEXC
BingX
Binance
Aster
Bitget
Bybit
GMX
Lighter
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 | −1.238% | +0.0033% | 1h | $38 | $85K | 5.5x | as long as short |
| BloFin MORPHO-USDT | −0.186% | −0.0200% | 4h | $689K | $250K | 20x | as long as short |
| Variational Omni MORPHO | −0.059% | +0.0073% | 4h | $670K | $1.4M | — | as long as short |
| Phoenix MORPHO | −0.036% | −0.0029% | 1h | $35K | $560K | 5x | as long as short |
| 01 Exchange MORPHOUSDlong | 0.000% | −0.1136% | 1h | $903 | $8K | 5x | |
| Gate MORPHO_USDT | +0.084% | −0.0288% | 4h | $775K | $600K | 50x | as long as short |
| Reya MORPHORUSDPERP | +0.090% | −0.0004% | 1h | $16 | — | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | +0.095% | −0.0111% | 4h | $11K | $34K | 10x | as long as short |
| KuCoin MORPHOUSDTM | +0.106% | +0.0100% | 4h | $667K | $381K | 50x | as long as short |
| SoDEX MORPHO-USD | +0.109% | +0.0100% | 1h | $23K | $2K | 5x | as long as short |