MORPHO

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After costs, if the gap returns to its 7d average, $10k−$71

spread now−0.184%7d average−0.155%fees + slippage, in and out−$68spread needed0.684%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MORPHO	2.7723	0.1109	pay 0.0139% / 1h	1m 13s	$6.7M	$7.9M	5x
Short	Bitget MORPHOUSDT	2.7672	0.0100	get 0.0050% / 4h	2h 01m	$3.0M	$2.5M	75x

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 HyperliquidbpFee BitgetbpOrdersClose when spread is

Slippage from Hyperliquid: live order book, 2 min ago; Bitget: live order book, 3 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 2 min ago	1.80 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.41 bp	24.8 bp −$25	83.0 bp −$830	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	−2.139%	+0.0033%	1h	$38	$137K	5.5x	as long as short
Paradex MORPHO-USD-PERP	−0.308%	+0.0100%	8h	$5K	$3	5x	as long as short
01 Exchange MORPHOUSD	−0.263%	−0.0640%	1h	$909	$9K	5x	as long as short
Reya MORPHORUSDPERP	−0.249%	−0.0004%	1h	$17	—	10x	as long as short
Extended MORPHO-USD	−0.248%	+0.0104%	1h	$104K	$310K	10x	as long as short
Binance MORPHOUSDT	−0.216%	+0.0100%	4h	$16.9M	$29.6M	75x	as long as short
SoDEX MORPHO-USD	−0.209%	+0.0100%	1h	$23K	$2K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.206%	−0.0032%	4h	$11K	$34K	10x	as long as short
MEXC MORPHO_USDT	−0.191%	+0.0100%	4h	$4.9M	$1.3M	100x	as long as short
Bitget MORPHOUSDTshort	−0.184%	+0.0100%	4h	$3.0M	$2.5M	75x

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BloFin MORPHO-USDT	−0.180%	−0.0200%	4h	$688K	$250K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.170%	−0.1193%	1h	$11K	$443	10x	as long as short
BingX MORPHO-USDT	−0.162%	+0.0100%	4h	—	$1.5M	—	as long as short
Gate MORPHO_USDT	−0.159%	−0.0416%	4h	$768K	$574K	50x	as long as short
Phoenix MORPHO	−0.151%	0.0000%	1h	$35K	$501K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.141%	−0.0095%	1h	$33K	$3.0M	5x	as long as short
Aster MORPHOUSDT	−0.131%	+0.0100%	4h	$60K	$34K	20x	as long as short
Bybit MORPHOUSDT	−0.119%	−0.0045%	4h	$9.0M	$10.8M	25x	as long as short
OKX MORPHO-USDT-SWAP	−0.112%	+0.0100%	4h	$3.3M	$5.8M	20x	as long as short
KuCoin MORPHOUSDTM	−0.094%	+0.0100%	4h	$644K	$337K	50x	as long as short
GMX MORPHO/USD [ETH-USDC]	−0.091%	L +0.0191% / S −0.0633%	1h	$1K	—	100x	as long as short
Kraken Futures PF_MORPHOUSD	−0.085%	+0.0209%	1h	$98K	$196K	20x	as long as short
Lighter MORPHO	−0.047%	+0.0096%	1h	$320K	$460K	5x	as long as short
Hyperliquid MORPHOlong	0.000%	+0.1109%	1h	$6.7M	$7.9M	5x
Variational Omni MORPHO	+0.037%	+0.0100%	4h	$676K	$1.4M	—	as long as short
Coinbase International MORPHO-PERP-INTX	+0.245%	+0.0384%	1h	$81K	$53K	25x	as long as short