MORPHO

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After costs, if the gap returns to its 7d average, $10k−$130

spread now−0.105%7d average−0.019%fees + slippage, in and out−$121spread needed1.213%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MORPHOUSDT	2.6890	−0.0192	get 0.0096% / 4h	1h 16m	$8.8M	$10.2M	25x
Short	Kraken Futures PF_MORPHOUSD	2.6862	−0.2224	pay 0.0278% / 1h	16m 15s	$85K	$164K	20x

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 BybitbpFee Kraken FuturesbpOrdersClose when spread is

Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 18 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 3 min ago	5.58 bp	19.8 bp −$20	64.8 bp −$648	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 18 min ago	21.67 bp	48.8 bp −$49	140.6 bp −$1,406	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
Injective MORPHO/USDC PERP	−0.483%	+0.0033%	1h	$37	$39K	5.5x	as long as short
Variational Omni MORPHO	−0.480%	0.0000%	4h	$654K	$1.4M	—	as long as short
BloFin MORPHO-USDT	−0.182%	−0.0153%	4h	$665K	$208K	20x	as long as short
Kraken Futures PF_MORPHOUSDshort	−0.105%	−0.2224%	1h	$85K	$164K	20x
Paradex MORPHO-USD-PERP	−0.097%	+0.0100%	8h	$5K	$3	5x	as long as short
01 Exchange MORPHOUSD	−0.089%	−0.0616%	1h	$883	$12K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.074%	−0.0209%	4h	$10K	$34K	10x	as long as short
Extended MORPHO-USD	−0.066%	+0.0080%	1h	$101K	$304K	10x	as long as short
SoDEX MORPHO-USD	−0.056%	+0.0100%	1h	$23K	$2K	5x	as long as short
Gate MORPHO_USDT	−0.048%	−0.0530%	4h	$775K	$539K	50x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix MORPHO	−0.041%	−0.0030%	1h	$35K	$478K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.037%	−0.0254%	1h	$24K	$2.4M	5x	as long as short
MEXC MORPHO_USDT	−0.026%	+0.0076%	4h	$4.9M	$1.2M	100x	as long as short
Binance MORPHOUSDT	−0.022%	+0.0081%	4h	$16.5M	$27.2M	75x	as long as short
Aster MORPHOUSDT	−0.022%	+0.0100%	4h	$59K	$33K	20x	as long as short
Bitget MORPHOUSDT	−0.019%	+0.0100%	4h	$2.9M	$2.1M	75x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.015%	−0.0530%	1h	$10K	$745	10x	as long as short
Bybit MORPHOUSDTlong	0.000%	−0.0192%	4h	$8.8M	$10.2M	25x
BingX MORPHO-USDT	+0.004%	+0.0100%	4h	—	$1.5M	—	as long as short
KuCoin MORPHOUSDTM	+0.011%	+0.0100%	4h	$601K	$342K	50x	as long as short
Reya MORPHORUSDPERP	+0.012%	−0.0004%	1h	$16	—	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.039%	L +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short
OKX MORPHO-USDT-SWAP	+0.063%	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.112%	−0.0352%	1h	$78K	$47K	25x	as long as short
Lighter MORPHO	+0.114%	+0.0096%	1h	$321K	$364K	5x	as long as short
Hyperliquid MORPHO	+0.253%	+0.0100%	1h	$6.4M	$7.1M	5x	as long as short