MORPHO

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After costs, if the gap returns to its 7d average, $10k−$204

spread now+0.083%7d average+0.216%fees + slippage, in and out−$190spread needed1.904%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MORPHOUSDTM	2.7289	0.0100	pay 0.0050% / 4h	3h 12m	$661K	$370K	50x
Short	Lighter MORPHO	2.7312	0.0096	get 0.0012% / 1h	12m 54s	$321K	$476K	5x

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 KuCoinbpFee LighterbpOrdersClose when spread is

Slippage from KuCoin: live order book, 48 min ago; Lighter: live order book, 24 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 48 min ago	8.76 bp	93.3 bp −$93	183.3 bp −$1,833	doesn't fit	doesn't fit
Sell Lighter live order book, 24 min ago	3.56 bp	9.2 bp −$9	99.0 bp −$990	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	−0.583%	+0.0033%	1h	$38	$34K	5.5x	as long as short
Variational Omni MORPHO	−0.101%	+0.0100%	4h	$666K	$1.4M	—	as long as short
01 Exchange MORPHOUSD	−0.092%	−0.0736%	1h	$896	$10K	5x	as long as short
SoDEX MORPHO-USD	−0.029%	+0.0100%	1h	$23K	$2K	5x	as long as short
BloFin MORPHO-USDT	−0.026%	−0.0180%	4h	$678K	$228K	20x	as long as short
KuCoin MORPHOUSDTMlong	0.000%	+0.0100%	4h	$661K	$370K	50x
Polymarket Perps MORPHO-USD	+0.004%	−0.0347%	1h	$28K	$3.0M	5x	as long as short
Extended MORPHO-USD	+0.008%	+0.0088%	1h	$102K	$304K	10x	as long as short
Gate MORPHO_USDT	+0.015%	−0.0468%	4h	$767K	$576K	50x	as long as short
Deribit MORPHO_USDC-PERPETUAL	+0.022%	−0.0921%	1h	$11K	$443	10x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
BingX MORPHO-USDT	+0.026%	+0.0100%	4h	—	$1.5M	—	as long as short
Orderly PERP_MORPHO_USDC	+0.026%	−0.0146%	4h	$11K	$34K	10x	as long as short
Binance MORPHOUSDT	+0.026%	+0.0090%	4h	$16.8M	$29.9M	75x	as long as short
Reya MORPHORUSDPERP	+0.027%	−0.0004%	1h	$16	—	10x	as long as short
Coinbase International MORPHO-PERP-INTX	+0.029%	−0.0256%	1h	$79K	$51K	25x	as long as short
MEXC MORPHO_USDT	+0.033%	+0.0086%	4h	$4.9M	$1.3M	100x	as long as short
Kraken Futures PF_MORPHOUSD	+0.041%	−0.1054%	1h	$99K	$174K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.051%	+0.0100%	4h	$3.2M	$5.4M	20x	as long as short
Bybit MORPHOUSDT	+0.059%	−0.0140%	4h	$9.0M	$10.9M	25x	as long as short
Phoenix MORPHO	+0.077%	−0.0146%	1h	$35K	$554K	5x	as long as short
Lighter MORPHOshort	+0.083%	+0.0096%	1h	$321K	$476K	5x
Paradex MORPHO-USD-PERP	+0.103%	+0.0100%	8h	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.113%	+0.0100%	4h	$60K	$34K	20x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.139%	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short
Bitget MORPHOUSDT	+0.150%	+0.0100%	4h	$3.0M	$2.4M	75x	as long as short
Hyperliquid MORPHO	+0.264%	+0.0100%	1h	$6.7M	$7.9M	5x	as long as short