MORPHO

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After costs, if the gap returns to its 7d average, $10k−$129

spread now+0.048%7d average−0.017%fees + slippage, in and out−$135spread needed1.354%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MORPHOUSD	2.6796	−0.2229	get 0.0279% / 1h	41m 26s	$85K	$166K	20x
Short	BingX MORPHO-USDT	2.6809	0.0100	get 0.0050% / 4h	1h 41m	—	$1.5M	—

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 Kraken FuturesbpFee BingXbpOrdersClose when spread is

Slippage from Kraken Futures: live order book, 57 min ago; BingX: live order book, 11 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 57 min ago	17.85 bp	27.3 bp −$27	2527.7 bp −$25.3K	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	3.17 bp	17.6 bp −$18	39.4 bp −$394	237.2 bp −$23.7K	614.3 bp −$307.2K

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	−0.046%	−0.0480%	1h	$880	$12K	5x	as long as short
Binance MORPHOUSDT	−0.006%	+0.0059%	4h	$16.5M	$27.4M	75x	as long as short
Orderly PERP_MORPHO_USDC	−0.005%	−0.0209%	4h	$10K	$34K	10x	as long as short
Kraken Futures PF_MORPHOUSDlong	0.000%	−0.2229%	1h	$85K	$166K	20x
SoDEX MORPHO-USD	+0.006%	+0.0100%	1h	$22K	$2K	5x	as long as short
Gate MORPHO_USDT	+0.021%	−0.0574%	4h	$773K	$538K	50x	as long as short
Paradex MORPHO-USD-PERP	+0.022%	+0.0100%	8h	$5K	$3	5x	as long as short
BloFin MORPHO-USDT	+0.025%	−0.0111%	4h	$663K	$205K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	+0.033%	−0.0942%	1h	$10K	$745	10x	as long as short
MEXC MORPHO_USDT	+0.040%	+0.0058%	4h	$4.8M	$1.2M	100x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Polymarket Perps MORPHO-USD	+0.040%	−0.0285%	1h	$27K	$2.7M	5x	as long as short
Extended MORPHO-USD	+0.042%	+0.0056%	1h	$101K	$304K	10x	as long as short
BingX MORPHO-USDTshort	+0.048%	+0.0100%	4h	—	$1.5M	—
Bybit MORPHOUSDT	+0.051%	−0.0117%	4h	$8.8M	$10.3M	25x	as long as short
Variational Omni MORPHO	+0.054%	+0.0100%	4h	$654K	$1.4M	—	as long as short
Aster MORPHOUSDT	+0.059%	+0.0100%	4h	$58K	$32K	20x	as long as short
Reya MORPHORUSDPERP	+0.078%	−0.0004%	1h	$16	—	10x	as long as short
Bitget MORPHOUSDT	+0.081%	+0.0100%	4h	$2.9M	$2.1M	75x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.104%	L +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short
OKX MORPHO-USDT-SWAP	+0.107%	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
KuCoin MORPHOUSDTM	+0.118%	+0.0100%	4h	$599K	$347K	50x	as long as short
Hyperliquid MORPHO	+0.212%	+0.0100%	1h	$6.4M	$7.1M	5x	as long as short
Phoenix MORPHO	+0.212%	−0.0030%	1h	$35K	$478K	5x	as long as short
Lighter MORPHO	+0.251%	+0.0096%	1h	$320K	$364K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.298%	−0.0352%	1h	$78K	$47K	25x	as long as short
Injective MORPHO/USDC PERP	+1.245%	+0.0033%	1h	$38	$34K	5.5x	as long as short