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−$80
spread now+0.029%7d average−0.049%fees + slippage, in and out−$88spread needed0.880%
Long on BybitShort on BloFin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MORPHOUSDT2.7590−0.0146get 0.0073% / 4h1h 04m$9.0M$11.0M25x
ShortBloFin MORPHO-USDT2.7598−0.0200pay 0.0100% / 4h1h 04m$681K$256K20x

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
$2.9
Funding while held
−$1.61
Slippage, 4 orders
−$65.02
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$86.73
Spread needed to break even
0.880%
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 44 min ago.

Cost of waiting

funding view
Funding /8h
−0.0054%
Per $10,000 a day
−$1.61
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, 5 min ago3.61 bp26.0 bp −$2680.7 bp −$807doesn't fitdoesn't fit
Sell BloFin live order book, 44 min ago6.72 bp16.7 bp −$1735.2 bp −$352doesn't fitdoesn't fit

MORPHO price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.7130cheapest01 Exchange2.7498+1.356%MEXC2.7550+1.548%Extended2.7554+1.562%Binance2.7555+1.565%Orderly2.7561+1.589%Gate2.7568+1.614%Reya2.7570+1.623%Aster2.7575+1.639%OKX2.7575+1.640%BingX2.7578+1.651%KuCoin2.7580+1.659%Polymarket Perps2.7580+1.659%Deribit2.7580+1.659%Kraken Futures2.7588+1.689%
Bybit2.7590+1.696%
GMX2.7594+1.709%Lighter2.7598+1.725%
BloFin2.7598+1.725%
SoDEX2.7599+1.729%Bitget2.7602+1.740%Paradex2.7602+1.740%Coinbase International2.7610+1.769%Variational Omni2.7635+1.861%Hyperliquid2.7647+1.906%Phoenix2.7753+2.296%

MORPHO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective MORPHO/USDC PERP−1.667%+0.0033%1h$38$137K5.5xas long as short
01 Exchange MORPHOUSD−0.333%−0.1352%1h$904$8K5xas long as short
MEXC MORPHO_USDT−0.145%+0.0100%4h$4.9M$1.4M100xas long as short
Extended MORPHO-USD−0.131%+0.0104%1h$104K$310K10xas long as short
Binance MORPHOUSDT−0.129%+0.0100%4h$16.8M$30.4M75xas long as short
Orderly PERP_MORPHO_USDC−0.105%−0.0071%4h$11K$34K10xas long as short
Gate MORPHO_USDT−0.080%−0.0322%4h$778K$593K50xas long as short
Reya MORPHORUSDPERP−0.071%−0.0004%1h$17—10xas long as short
Aster MORPHOUSDT−0.055%+0.0100%4h$60K$34K20xas long as short
OKX MORPHO-USDT-SWAP−0.054%+0.0100%4h$3.3M$5.8M20xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX MORPHO-USDT−0.043%+0.0100%4h—$1.5M—as long as short
KuCoin MORPHOUSDTM−0.036%+0.0100%4h$627K$367K50xas long as short
Polymarket Perps MORPHO-USD−0.036%−0.0173%1h$31K$3.0M5xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.036%−0.0583%1h$11K$44310xas long as short
Kraken Futures PF_MORPHOUSD−0.007%−0.0370%1h$99K$190K20xas long as short
Bybit MORPHOUSDTlong0.000%−0.0146%4h$9.0M$11.0M25x
GMX MORPHO/USD [ETH-USDC]+0.013%L +0.0197% / S −0.0897%1h$2K—100xas long as short
Lighter MORPHO+0.029%+0.0096%1h$332K$487K5xas long as short
BloFin MORPHO-USDTshort+0.029%−0.0200%4h$681K$256K20x
SoDEX MORPHO-USD+0.033%+0.0100%1h$23K$2K5xas long as short
Bitget MORPHOUSDT+0.043%+0.0100%4h$3.0M$2.6M75xas long as short
Paradex MORPHO-USD-PERP+0.044%+0.0100%8h$5K$35xas long as short
Coinbase International MORPHO-PERP-INTX+0.072%−0.0032%1h$80K$53K25xas long as short
Variational Omni MORPHO+0.163%+0.0100%4h$675K$1.4M—as long as short
Hyperliquid MORPHO+0.207%+0.0112%1h$6.7M$8.1M5xas long as short
Phoenix MORPHO+0.591%−0.0058%1h$36K$514K5xas long as short