data as of
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Price arb /

MORPHO

all MORPHO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$50
spread now−0.015%7d average0.000%fees + slippage, in and out−$48spread needed0.480%
Long on BingXShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MORPHO-USDT2.67350.0100pay 0.0050% / 4h1h 59m—$1.5M—
ShortPolymarket Perps MORPHO-USD2.6731−0.0686pay 0.0086% / 1h59m 07s$27K$2.7M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$1.5
Funding while held
−$23.58
Slippage, 4 orders
−$30.03
Fee BingX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$73.11
Spread needed to break even
0.480%
Slippage from BingX: live order book, 9 min ago; Polymarket Perps: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0786%
Per $10,000 a day
−$23.58
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago1.68 bp16.9 bp −$1736.6 bp −$366333.2 bp −$33.3K743.4 bp −$371.7K
Sell Polymarket Perps live order book, 1 min ago2.06 bp6.1 bp −$67.5 bp −$75doesn't fitdoesn't fit

MORPHO price on every exchange

against the cheapest. Click to use as the short leg.
Kraken Futures2.6675cheapest01 Exchange2.6705+0.113%Coinbase International2.6709+0.128%Gate2.6711+0.136%MEXC2.6714+0.147%SoDEX2.6714+0.147%KuCoin2.6715+0.151%Extended2.6716+0.154%BloFin2.6719+0.166%Orderly2.6721+0.173%Binance2.6721+0.175%Aster2.6730+0.206%Reya2.6730+0.207%
Polymarket Perps2.6731+0.211%
Bitget2.6732+0.215%Deribit2.6734+0.222%
BingX2.6735+0.226%
Variational Omni2.6743+0.254%OKX2.6745+0.263%Bybit2.6746+0.267%Paradex2.6747+0.271%GMX2.6747+0.272%Lighter2.6749+0.278%Phoenix2.6771+0.361%Hyperliquid2.6776+0.380%Injective2.7130+1.707%

MORPHO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_MORPHOUSD−0.225%−0.2239%1h$84K$167K20xas long as short
01 Exchange MORPHOUSD−0.112%−0.0864%1h$878$11K5xas long as short
Coinbase International MORPHO-PERP-INTX−0.097%−0.0352%1h$77K$47K25xas long as short
Gate MORPHO_USDT−0.090%−0.0666%4h$765K$534K50xas long as short
MEXC MORPHO_USDT−0.079%+0.0012%4h$4.8M$1.2M100xas long as short
SoDEX MORPHO-USD−0.079%+0.0100%1h$22K$2K5xas long as short
KuCoin MORPHOUSDTM−0.075%+0.0100%4h$595K$344K50xas long as short
Extended MORPHO-USD−0.072%+0.0016%1h$101K$304K10xas long as short
BloFin MORPHO-USDT−0.060%−0.0223%4h$666K$205K20xas long as short
Orderly PERP_MORPHO_USDC−0.052%−0.0203%4h$10K$34K10xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Binance MORPHOUSDT−0.051%+0.0017%4h$16.5M$27.5M75xas long as short
Aster MORPHOUSDT−0.020%+0.0100%4h$58K$31K20xas long as short
Reya MORPHORUSDPERP−0.019%−0.0004%1h$16—10xas long as short
Polymarket Perps MORPHO-USDshort−0.015%−0.0686%1h$27K$2.7M5x
Bitget MORPHOUSDT−0.011%+0.0100%4h$2.9M$2.1M75xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.004%−0.0946%1h$10K$74510xas long as short
BingX MORPHO-USDTlong0.000%+0.0100%4h—$1.5M—
Variational Omni MORPHO+0.028%+0.0062%4h$652K$1.4M—as long as short
OKX MORPHO-USDT-SWAP+0.037%+0.0100%4h$3.2M$4.6M20xas long as short
Bybit MORPHOUSDT+0.041%−0.0145%4h$8.8M$10.3M25xas long as short
Paradex MORPHO-USD-PERP+0.045%+0.0099%8h$5K$35xas long as short
GMX MORPHO/USD [ETH-USDC]+0.046%L +0.0158% / S −0.0698%1h$2K—100xas long as short
Lighter MORPHO+0.052%+0.0096%1h$319K$363K5xas long as short
Phoenix MORPHO+0.135%−0.0059%1h$34K$478K5xas long as short
Hyperliquid MORPHO+0.153%+0.0100%1h$6.4M$7.1M5xas long as short
Injective MORPHO/USDC PERP+1.477%+0.0033%1h$38$34K5.5xas long as short