MORPHO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.484%

7d average−0.034%if it closes, per $10,000$48funding while held, a day+$6.41

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MORPHOUSDT	2.7080	−0.0114	get 0.0057% / 4h	2h 41m	$8.9M	$10.7M	25x
Short	Variational Omni MORPHO	2.7211	0.0100	get 0.0050% / 4h	2h 41m	$664K	$1.4M	—

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 Variational OmnibpOrdersClose when spread is

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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	3.68 bp	19.2 bp −$19	76.1 bp −$761	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.55 bp	doesn't fit	61.2 bp −$612	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
01 Exchange MORPHOUSD	−0.162%	−0.0960%	1h	$888	$11K	5x	as long as short
Gate MORPHO_USDT	−0.107%	−0.0548%	4h	$763K	$538K	50x	as long as short
MEXC MORPHO_USDT	−0.081%	+0.0006%	4h	$4.8M	$1.2M	100x	as long as short
Binance MORPHOUSDT	−0.066%	+0.0002%	4h	$16.7M	$28.9M	75x	as long as short
Paradex MORPHO-USD-PERP	−0.051%	+0.0100%	8h	$5K	$3	5x	as long as short
BloFin MORPHO-USDT	−0.041%	−0.0238%	4h	$673K	$222K	20x	as long as short
Extended MORPHO-USD	−0.037%	0.0000%	1h	$102K	$304K	10x	as long as short
SoDEX MORPHO-USD	−0.011%	+0.0100%	1h	$23K	$2K	5x	as long as short
BingX MORPHO-USDT	−0.007%	+0.0100%	4h	—	$1.5M	—	as long as short
Kraken Futures PF_MORPHOUSD	−0.004%	−0.0923%	1h	$93K	$173K	20x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MORPHOUSDTlong	0.000%	−0.0114%	4h	$8.9M	$10.7M	25x
Polymarket Perps MORPHO-USD	+0.007%	−0.0457%	1h	$27K	$2.8M	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	+0.015%	−0.1225%	1h	$11K	$443	10x	as long as short
Orderly PERP_MORPHO_USDC	+0.022%	−0.0175%	4h	$10K	$34K	10x	as long as short
KuCoin MORPHOUSDTM	+0.033%	+0.0100%	4h	$656K	$357K	50x	as long as short
Reya MORPHORUSDPERP	+0.044%	−0.0004%	1h	$16	—	10x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.048%	−0.0336%	1h	$79K	$49K	25x	as long as short
Lighter MORPHO	+0.061%	+0.0096%	1h	$319K	$364K	5x	as long as short
OKX MORPHO-USDT-SWAP	+0.063%	+0.0100%	4h	$3.2M	$5.1M	20x	as long as short
Bitget MORPHOUSDT	+0.085%	+0.0100%	4h	$3.0M	$2.3M	75x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.135%	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short
Aster MORPHOUSDT	+0.166%	+0.0100%	4h	$59K	$32K	20x	as long as short
Hyperliquid MORPHO	+0.166%	+0.0100%	1h	$6.6M	$7.8M	5x	as long as short
Injective MORPHO/USDC PERP	+0.185%	+0.0033%	1h	$38	$34K	5.5x	as long as short
Phoenix MORPHO	+0.314%	−0.0059%	1h	$35K	$517K	5x	as long as short
Variational Omni MORPHOshort	+0.484%	+0.0100%	4h	$664K	$1.4M	—