data as of
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Price arb /

MORPHO

all MORPHO markets
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After costs, if the gap returns to its 7d average, $10k−$97
spread now+0.127%7d average+0.001%fees + slippage, in and out−$110spread needed1.098%
Long on GateShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MORPHO_USDT2.7661−0.0318get 0.0159% / 4h1h 09m$780K$592K50x
ShortBinance MORPHOUSDT2.76960.0100get 0.0050% / 4h1h 09m$16.9M$30.2M75x

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
$12.65
Funding while held
$12.54
Slippage, 4 orders
−$84.83
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
−$84.63
Spread needed to break even
1.098%
Slippage from Gate: live order book, 44 min ago; Binance: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
+0.0418%
Per $10,000 a day
+$12.54
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 Gate live order book, 44 min ago11.45 bp37.2 bp −$37303.1 bp −$3,031doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago0.73 bp17.6 bp −$1844.7 bp −$447doesn't fitdoesn't fit

MORPHO price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.7130cheapestVariational Omni2.7619+1.803%BloFin2.7627+1.832%Phoenix2.7634+1.858%Coinbase International2.7644+1.895%SoDEX2.7651+1.920%Deribit2.7651+1.920%Orderly2.7652+1.924%
Gate2.7661+1.957%
KuCoin2.7666+1.976%Extended2.7669+1.986%Paradex2.7671+1.994%BingX2.7677+2.016%GMX2.7679+2.023%Kraken Futures2.7683+2.038%Reya2.7691+2.068%Aster2.7692+2.070%OKX2.7692+2.072%
Binance2.7696+2.086%
Bitget2.7698+2.094%Polymarket Perps2.7700+2.101%Bybit2.7711+2.142%Lighter2.7713+2.147%MEXC2.7715+2.156%Hyperliquid2.7765+2.341%

MORPHO on 25 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective MORPHO/USDC PERP−1.920%+0.0033%1h$38$137K5.5xas long as short
Variational Omni MORPHO−0.152%+0.0100%4h$674K$1.4M—as long as short
BloFin MORPHO-USDT−0.123%−0.0200%4h$687K$257K20xas long as short
Phoenix MORPHO−0.098%−0.0058%1h$36K$514K5xas long as short
Coinbase International MORPHO-PERP-INTX−0.061%−0.0032%1h$80K$53K25xas long as short
SoDEX MORPHO-USD−0.036%+0.0100%1h$23K$2K5xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.036%−0.1050%1h$11K$44310xas long as short
Orderly PERP_MORPHO_USDC−0.033%−0.0069%4h$11K$34K10xas long as short
Gate MORPHO_USDTlong0.000%−0.0318%4h$780K$592K50x
KuCoin MORPHOUSDTM+0.018%+0.0100%4h$632K$356K50xas long as short
Show all 25 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended MORPHO-USD+0.028%+0.0104%1h$104K$310K10xas long as short
Paradex MORPHO-USD-PERP+0.036%+0.0100%8h$5K$35xas long as short
BingX MORPHO-USDT+0.058%+0.0100%4h—$1.5M—as long as short
GMX MORPHO/USD [ETH-USDC]+0.065%L +0.0197% / S −0.0897%1h$2K—100xas long as short
Kraken Futures PF_MORPHOUSD+0.079%−0.0369%1h$99K$191K20xas long as short
Reya MORPHORUSDPERP+0.109%−0.0004%1h$17—10xas long as short
Aster MORPHOUSDT+0.111%+0.0100%4h$60K$34K20xas long as short
OKX MORPHO-USDT-SWAP+0.112%+0.0100%4h$3.3M$5.8M20xas long as short
Binance MORPHOUSDTshort+0.127%+0.0100%4h$16.9M$30.2M75x
Bitget MORPHOUSDT+0.134%+0.0100%4h$3.0M$2.6M75xas long as short
Polymarket Perps MORPHO-USD+0.141%−0.0172%1h$33K$3.0M5xas long as short
Bybit MORPHOUSDT+0.181%−0.0119%4h$9.0M$11.0M25xas long as short
Lighter MORPHO+0.186%+0.0096%1h$326K$475K5xas long as short
MEXC MORPHO_USDT+0.195%+0.0100%4h$4.9M$1.3M100xas long as short
Hyperliquid MORPHO+0.376%+0.0113%1h$6.8M$8.1M5xas long as short