MORPHO

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After costs, if the gap returns to its 7d average, $10k−$144

spread now+0.063%7d average+0.061%fees + slippage, in and out−$144spread needed1.443%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MORPHOUSDT	2.6876	0.0081	pay 0.0041% / 4h	1h 16m	$16.5M	$27.2M	75x
Short	KuCoin MORPHOUSDTM	2.6893	0.0100	get 0.0050% / 4h	1h 16m	$601K	$342K	50x

Price spread history

latest

Range statsloading…

share of time at each level, last 7D

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Position, each leg$Hold forhoursFee BinancebpFee KuCoinbpOrdersClose when spread is

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 25 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 12 min ago	0.75 bp	14.9 bp −$15	37.8 bp −$378	doesn't fit	doesn't fit
Sell KuCoin live order book, 25 min ago	17.36 bp	51.6 bp −$52	204.9 bp −$2,049	doesn't fit	doesn't fit

against the cheapest. Click to use as the short leg.

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	−0.432%	+0.0033%	1h	$37	$39K	5.5x	as long as short
Variational Omni MORPHO	−0.428%	0.0000%	4h	$654K	$1.4M	—	as long as short
BloFin MORPHO-USDT	−0.130%	−0.0153%	4h	$665K	$208K	20x	as long as short
Kraken Futures PF_MORPHOUSD	−0.053%	−0.2224%	1h	$85K	$164K	20x	as long as short
Paradex MORPHO-USD-PERP	−0.045%	+0.0100%	8h	$5K	$3	5x	as long as short
01 Exchange MORPHOUSD	−0.037%	−0.0616%	1h	$883	$12K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.022%	−0.0209%	4h	$10K	$34K	10x	as long as short
Extended MORPHO-USD	−0.014%	+0.0080%	1h	$101K	$304K	10x	as long as short
SoDEX MORPHO-USD	−0.004%	+0.0100%	1h	$23K	$2K	5x	as long as short
Binance MORPHOUSDTlong	0.000%	+0.0081%	4h	$16.5M	$27.2M	75x

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MORPHO_USDT	0.000%	−0.0530%	4h	$775K	$539K	50x	as long as short
MEXC MORPHO_USDT	0.000%	+0.0076%	4h	$4.9M	$1.2M	100x	as long as short
Phoenix MORPHO	+0.011%	−0.0030%	1h	$35K	$478K	5x	as long as short
Polymarket Perps MORPHO-USD	+0.015%	−0.0254%	1h	$24K	$2.4M	5x	as long as short
Aster MORPHOUSDT	+0.018%	+0.0100%	4h	$59K	$33K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	+0.037%	−0.0530%	1h	$10K	$745	10x	as long as short
Bitget MORPHOUSDT	+0.041%	+0.0100%	4h	$2.9M	$2.1M	75x	as long as short
Bybit MORPHOUSDT	+0.052%	−0.0192%	4h	$8.8M	$10.2M	25x	as long as short
BingX MORPHO-USDT	+0.056%	+0.0100%	4h	—	$1.5M	—	as long as short
KuCoin MORPHOUSDTMshort	+0.063%	+0.0100%	4h	$601K	$342K	50x
Reya MORPHORUSDPERP	+0.064%	−0.0004%	1h	$16	—	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.091%	L +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short
OKX MORPHO-USDT-SWAP	+0.115%	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.164%	−0.0352%	1h	$78K	$47K	25x	as long as short
Lighter MORPHO	+0.179%	+0.0096%	1h	$321K	$364K	5x	as long as short
Hyperliquid MORPHO	+0.287%	+0.0100%	1h	$6.4M	$7.1M	5x	as long as short