MORPHO

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After costs, if the gap returns to its 7d average, $10k−$90

spread now−0.061%7d average+0.012%fees + slippage, in and out−$82spread needed0.824%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MORPHOUSDT	2.6819	0.0100	pay 0.0050% / 4h	2h 23m	$2.9M	$2.2M	75x
Short	Binance MORPHOUSDT	2.6803	0.0011	get 0.0005% / 4h	2h 23m	$16.5M	$28.6M	75x

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 BitgetbpFee BinancebpOrdersClose when spread is

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 4 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 5 min ago	4.07 bp	22.7 bp −$23	73.8 bp −$738	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.56 bp	18.3 bp −$18	44.1 bp −$441	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
Kraken Futures PF_MORPHOUSD	−0.208%	−0.0934%	1h	$85K	$178K	20x	as long as short
01 Exchange MORPHOUSD	−0.101%	−0.0888%	1h	$880	$11K	5x	as long as short
Gate MORPHO_USDT	−0.075%	−0.0644%	4h	$765K	$547K	50x	as long as short
OKX MORPHO-USDT-SWAP	−0.063%	+0.0100%	4h	$3.2M	$5.0M	20x	as long as short
Binance MORPHOUSDTshort	−0.061%	+0.0011%	4h	$16.5M	$28.6M	75x
Extended MORPHO-USD	−0.055%	+0.0008%	1h	$101K	$304K	10x	as long as short
BingX MORPHO-USDT	−0.045%	+0.0100%	4h	—	$1.5M	—	as long as short
KuCoin MORPHOUSDTM	−0.030%	+0.0100%	4h	$597K	$373K	50x	as long as short
Bitget MORPHOUSDTlong	0.000%	+0.0100%	4h	$2.9M	$2.2M	75x
Bybit MORPHOUSDT	+0.004%	−0.0111%	4h	$8.8M	$10.6M	25x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC MORPHO_USDT	+0.007%	+0.0008%	4h	$4.8M	$1.2M	100x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.037%	−0.0336%	1h	$78K	$48K	25x	as long as short
SoDEX MORPHO-USD	+0.045%	+0.0100%	1h	$22K	$2K	5x	as long as short
Polymarket Perps MORPHO-USD	+0.048%	−0.0416%	1h	$33K	$2.7M	5x	as long as short
Orderly PERP_MORPHO_USDC	+0.060%	−0.0191%	4h	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	+0.065%	−0.0004%	1h	$16	—	10x	as long as short
Deribit MORPHO_USDC-PERPETUAL	+0.071%	−0.0941%	1h	$10K	$745	10x	as long as short
Paradex MORPHO-USD-PERP	+0.101%	+0.0099%	8h	$5K	$3	5x	as long as short
Lighter MORPHO	+0.158%	+0.0096%	1h	$315K	$365K	5x	as long as short
BloFin MORPHO-USDT	+0.164%	−0.0232%	4h	$670K	$218K	20x	as long as short
Aster MORPHOUSDT	+0.198%	+0.0100%	4h	$59K	$31K	20x	as long as short
Hyperliquid MORPHO	+0.198%	+0.0100%	1h	$6.5M	$7.9M	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.251%	L +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short
Variational Omni MORPHO	+0.904%	+0.0100%	4h	$660K	$1.4M	—	as long as short
Phoenix MORPHO	+0.914%	−0.0059%	1h	$35K	$517K	5x	as long as short
Injective MORPHO/USDC PERP	+1.160%	+0.0033%	1h	$38	$34K	5.5x	as long as short