MORPHO

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After costs, if the gap returns to its 7d average, $10k−$217

spread now−0.004%7d average+0.068%fees + slippage, in and out−$210spread needed2.103%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MORPHOUSDT	2.7604	0.0100	pay 0.0050% / 4h	1h 05m	$3.0M	$2.6M	75x
Short	KuCoin MORPHOUSDTM	2.7603	0.0100	get 0.0050% / 4h	1h 05m	$629K	$366K	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 BitgetbpFee KuCoinbpOrdersClose when spread is

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 5 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, 4 min ago	7.21 bp	21.5 bp −$22	85.1 bp −$851	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	14.66 bp	106.4 bp −$106	201.3 bp −$2,013	doesn't fit	doesn't fit

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	−1.717%	+0.0033%	1h	$38	$137K	5.5x	as long as short
01 Exchange MORPHOUSD	−0.326%	−0.1400%	1h	$904	$8K	5x	as long as short
Paradex MORPHO-USD-PERP	−0.238%	+0.0100%	8h	$5K	$3	5x	as long as short
Reya MORPHORUSDPERP	−0.069%	−0.0004%	1h	$17	—	10x	as long as short
Extended MORPHO-USD	−0.059%	+0.0104%	1h	$104K	$310K	10x	as long as short
Binance MORPHOUSDT	−0.055%	+0.0100%	4h	$16.9M	$30.3M	75x	as long as short
MEXC MORPHO_USDT	−0.036%	+0.0100%	4h	$4.9M	$1.4M	100x	as long as short
BloFin MORPHO-USDT	−0.022%	−0.0200%	4h	$681K	$256K	20x	as long as short
OKX MORPHO-USDT-SWAP	−0.018%	+0.0100%	4h	$3.3M	$5.8M	20x	as long as short
Gate MORPHO_USDT	−0.018%	−0.0324%	4h	$779K	$592K	50x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
SoDEX MORPHO-USD	−0.018%	+0.0100%	1h	$23K	$2K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.014%	−0.0171%	1h	$31K	$3.0M	5x	as long as short
KuCoin MORPHOUSDTMshort	−0.004%	+0.0100%	4h	$629K	$366K	50x
Bitget MORPHOUSDTlong	0.000%	+0.0100%	4h	$3.0M	$2.6M	75x
Aster MORPHOUSDT	+0.011%	+0.0100%	4h	$60K	$34K	20x	as long as short
Orderly PERP_MORPHO_USDC	+0.025%	−0.0071%	4h	$11K	$34K	10x	as long as short
Bybit MORPHOUSDT	+0.040%	−0.0160%	4h	$9.0M	$11.0M	25x	as long as short
Deribit MORPHO_USDC-PERPETUAL	+0.058%	−0.0835%	1h	$11K	$443	10x	as long as short
Kraken Futures PF_MORPHOUSD	+0.061%	−0.0370%	1h	$99K	$190K	20x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.076%	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short
Lighter MORPHO	+0.094%	+0.0096%	1h	$332K	$487K	5x	as long as short
BingX MORPHO-USDT	+0.094%	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.112%	+0.0100%	4h	$675K	$1.4M	—	as long as short
Hyperliquid MORPHO	+0.188%	+0.0113%	1h	$6.7M	$8.1M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.533%	−0.0032%	1h	$81K	$53K	25x	as long as short
Phoenix MORPHO	+0.540%	−0.0058%	1h	$36K	$514K	5x	as long as short