data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

MORPHO

all MORPHO markets
SwapFunding view
Alert
My alerts

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−$67
spread now−0.045%7d average−0.053%fees + slippage, in and out−$68spread needed0.680%
Long on BybitShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MORPHOUSDT2.6742−0.0137get 0.0068% / 4h1h 55m$8.8M$10.3M25x
ShortBingX MORPHO-USDT2.67300.0100get 0.0050% / 4h1h 55m—$1.5M—

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
−$4.49
Funding while held
$7.11
Slippage, 4 orders
−$47.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$65.39
Spread needed to break even
0.680%
Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 13 min ago.

Cost of waiting

funding view
Funding /8h
+0.0237%
Per $10,000 a day
+$7.11
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 Bybit live order book, 4 min ago3.74 bp17.5 bp −$1862.0 bp −$620doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago1.68 bp16.1 bp −$1634.5 bp −$345254.2 bp −$25.4K549.1 bp −$274.6K

MORPHO price on every exchange

against the cheapest. Click to use as the short leg.
01 Exchange2.6667cheapestAster2.6690+0.086%Kraken Futures2.6696+0.109%Gate2.6701+0.127%KuCoin2.6706+0.146%Polymarket Perps2.6708+0.154%Coinbase International2.6709+0.157%SoDEX2.6712+0.169%Orderly2.6714+0.176%Deribit2.6722+0.206%Reya2.6722+0.208%
BingX2.6730+0.236%
BloFin2.6732+0.244%GMX2.6738+0.268%Binance2.6740+0.274%Hyperliquid2.6742+0.281%
Bybit2.6742+0.281%
Extended2.6742+0.282%Paradex2.6742+0.283%Variational Omni2.6743+0.283%Bitget2.6744+0.289%Lighter2.6744+0.289%MEXC2.6751+0.315%OKX2.6766+0.371%Phoenix2.6771+0.390%Injective2.7130+1.736%

MORPHO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
01 Exchange MORPHOUSD−0.280%−0.0808%1h$876$11K5xas long as short
Aster MORPHOUSDT−0.195%+0.0100%4h$58K$31K20xas long as short
Kraken Futures PF_MORPHOUSD−0.172%−0.2237%1h$84K$167K20xas long as short
Gate MORPHO_USDT−0.153%−0.0664%4h$767K$535K50xas long as short
KuCoin MORPHOUSDTM−0.135%+0.0100%4h$594K$344K50xas long as short
Polymarket Perps MORPHO-USD−0.127%−0.0488%1h$26K$2.7M5xas long as short
Coinbase International MORPHO-PERP-INTX−0.123%−0.0352%1h$77K$47K25xas long as short
SoDEX MORPHO-USD−0.112%+0.0100%1h$22K$2K5xas long as short
Orderly PERP_MORPHO_USDC−0.105%−0.0204%4h$10K$34K10xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.075%−0.1021%1h$10K$74510xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Reya MORPHORUSDPERP−0.073%−0.0004%1h$16—10xas long as short
BingX MORPHO-USDTshort−0.045%+0.0100%4h—$1.5M—
BloFin MORPHO-USDT−0.037%−0.0222%4h$666K$205K20xas long as short
GMX MORPHO/USD [ETH-USDC]−0.014%L +0.0158% / S −0.0698%1h$2K—100xas long as short
Binance MORPHOUSDT−0.007%+0.0022%4h$16.5M$27.4M75xas long as short
Hyperliquid MORPHO0.000%+0.0100%1h$6.4M$7.1M5xas long as short
Bybit MORPHOUSDTlong0.000%−0.0137%4h$8.8M$10.3M25x
Extended MORPHO-USD+0.001%+0.0016%1h$101K$304K10xas long as short
Paradex MORPHO-USD-PERP+0.001%+0.0100%8h$5K$35xas long as short
Variational Omni MORPHO+0.002%+0.0062%4h$652K$1.4M—as long as short
Bitget MORPHOUSDT+0.007%+0.0100%4h$2.9M$2.1M75xas long as short
Lighter MORPHO+0.008%+0.0096%1h$319K$364K5xas long as short
MEXC MORPHO_USDT+0.034%+0.0018%4h$4.8M$1.2M100xas long as short
OKX MORPHO-USDT-SWAP+0.090%+0.0100%4h$3.2M$4.6M20xas long as short
Phoenix MORPHO+0.108%−0.0030%1h$34K$478K5xas long as short
Injective MORPHO/USDC PERP+1.451%+0.0033%1h$38$34K5.5xas long as short