MORPHO

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After costs, if the gap returns to its 7d average, $10k−$129

spread now+0.021%7d average+0.024%fees + slippage, in and out−$129spread needed1.290%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MORPHO-USDT	2.7481	0.0100	pay 0.0050% / 4h	11m 17s	—	$1.5M	—
Short	Kraken Futures PF_MORPHOUSD	2.7487	−0.0093	pay 0.0012% / 1h	11m 17s	$99K	$188K	20x

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 BingXbpFee Kraken FuturesbpOrdersClose when spread is

Slippage from BingX: live order book, 12 min ago; Kraken Futures: live order book, 38 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 12 min ago	3.11 bp	15.3 bp −$15	30.5 bp −$305	321.0 bp −$32.1K	703.8 bp −$351.9K
Sell Kraken Futures live order book, 38 min ago	24.24 bp	58.5 bp −$58	155.5 bp −$1,555	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	−1.277%	+0.0033%	1h	$38	$85K	5.5x	as long as short
Variational Omni MORPHO	−0.412%	+0.0050%	4h	$669K	$1.4M	—	as long as short
BloFin MORPHO-USDT	−0.233%	−0.0200%	4h	$690K	$250K	20x	as long as short
01 Exchange MORPHOUSD	−0.222%	−0.1128%	1h	$901	$8K	5x	as long as short
Phoenix MORPHO	−0.076%	−0.0029%	1h	$35K	$560K	5x	as long as short
KuCoin MORPHOUSDTM	−0.062%	+0.0100%	4h	$665K	$377K	50x	as long as short
Paradex MORPHO-USD-PERP	−0.057%	+0.0099%	8h	$5K	$3	5x	as long as short
Gate MORPHO_USDT	−0.055%	−0.0294%	4h	$775K	$599K	50x	as long as short
Binance MORPHOUSDT	−0.043%	+0.0100%	4h	$17.0M	$30.9M	75x	as long as short
SoDEX MORPHO-USD	−0.018%	+0.0100%	1h	$23K	$2K	5x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC MORPHO_USDT	−0.011%	+0.0100%	4h	$4.9M	$1.3M	100x	as long as short
Extended MORPHO-USD	−0.010%	+0.0104%	1h	$103K	$310K	10x	as long as short
BingX MORPHO-USDTlong	0.000%	+0.0100%	4h	—	$1.5M	—
Bybit MORPHOUSDT	+0.004%	−0.0098%	4h	$9.1M	$11.3M	25x	as long as short
Orderly PERP_MORPHO_USDC	+0.007%	−0.0110%	4h	$11K	$34K	10x	as long as short
OKX MORPHO-USDT-SWAP	+0.011%	+0.0100%	4h	$3.3M	$5.8M	20x	as long as short
Aster MORPHOUSDT	+0.016%	+0.0100%	4h	$60K	$34K	20x	as long as short
Lighter MORPHO	+0.016%	+0.0096%	1h	$322K	$503K	5x	as long as short
Kraken Futures PF_MORPHOUSDshort	+0.021%	−0.0093%	1h	$99K	$188K	20x
Polymarket Perps MORPHO-USD	+0.022%	−0.0374%	1h	$31K	$3.0M	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	+0.033%	−0.0876%	1h	$11K	$443	10x	as long as short
Reya MORPHORUSDPERP	+0.037%	−0.0004%	1h	$16	—	10x	as long as short
Bitget MORPHOUSDT	+0.051%	+0.0100%	4h	$3.0M	$2.6M	75x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.078%	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.084%	−0.0144%	1h	$80K	$53K	25x	as long as short
Hyperliquid MORPHO	+0.250%	+0.0100%	1h	$6.7M	$8.1M	5x	as long as short