MORPHO

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After costs, if the gap returns to its 7d average, $10k−$76

spread now+0.143%7d average+0.112%fees + slippage, in and out−$79spread needed0.794%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MORPHO-USD	2.7341	0.0104	pay 0.0013% / 1h	18m 11s	$103K	$310K	10x
Short	Bybit MORPHOUSDT	2.7380	−0.0127	pay 0.0063% / 4h	18m 11s	$9.1M	$11.3M	25x

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 ExtendedbpFee BybitbpOrdersClose when spread is

Slippage from Extended: live order book, 31 min ago; Bybit: live order book, 1 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 31 min ago	2.72 bp	20.9 bp −$21	238.8 bp −$2,388	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.82 bp	19.6 bp −$20	75.3 bp −$753	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	−0.772%	+0.0033%	1h	$38	$85K	5.5x	as long as short
01 Exchange MORPHOUSD	−0.110%	−0.1136%	1h	$897	$8K	5x	as long as short
Variational Omni MORPHO	−0.030%	+0.0073%	4h	$669K	$1.4M	—	as long as short
MEXC MORPHO_USDT	−0.018%	+0.0100%	4h	$4.9M	$1.3M	100x	as long as short
Reya MORPHORUSDPERP	0.000%	−0.0004%	1h	$16	—	10x	as long as short
Extended MORPHO-USDlong	0.000%	+0.0104%	1h	$103K	$310K	10x
Bitget MORPHOUSDT	+0.015%	+0.0100%	4h	$3.0M	$2.6M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.044%	+0.0100%	4h	$3.2M	$5.8M	20x	as long as short
Orderly PERP_MORPHO_USDC	+0.051%	−0.0108%	4h	$11K	$34K	10x	as long as short
Kraken Futures PF_MORPHOUSD	+0.063%	−0.0093%	1h	$99K	$188K	20x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps MORPHO-USD	+0.073%	−0.0378%	1h	$31K	$3.0M	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	+0.073%	−0.1028%	1h	$11K	$443	10x	as long as short
Binance MORPHOUSDT	+0.081%	+0.0100%	4h	$16.9M	$31.0M	75x	as long as short
KuCoin MORPHOUSDTM	+0.099%	+0.0100%	4h	$662K	$378K	50x	as long as short
BingX MORPHO-USDT	+0.110%	+0.0100%	4h	—	$1.5M	—	as long as short
Paradex MORPHO-USD-PERP	+0.141%	+0.0099%	8h	$5K	$3	5x	as long as short
Bybit MORPHOUSDTshort	+0.143%	−0.0127%	4h	$9.1M	$11.3M	25x
GMX MORPHO/USD [ETH-USDC]	+0.147%	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short
Gate MORPHO_USDT	+0.161%	−0.0314%	4h	$771K	$598K	50x	as long as short
Phoenix MORPHO	+0.161%	−0.0029%	1h	$35K	$560K	5x	as long as short
Lighter MORPHO	+0.163%	+0.0096%	1h	$321K	$503K	5x	as long as short
BloFin MORPHO-USDT	+0.194%	−0.0200%	4h	$688K	$250K	20x	as long as short
Aster MORPHOUSDT	+0.203%	+0.0100%	4h	$60K	$34K	20x	as long as short
SoDEX MORPHO-USD	+0.216%	+0.0100%	1h	$23K	$2K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.223%	−0.0144%	1h	$80K	$53K	25x	as long as short
Hyperliquid MORPHO	+0.271%	+0.0100%	1h	$6.7M	$8.1M	5x	as long as short