data as of
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Price arb /

MORPHO

all MORPHO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$201
spread now−0.208%7d average−0.056%fees + slippage, in and out−$186spread needed1.855%
Long on KuCoinShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MORPHOUSDTM2.74340.0100pay 0.0050% / 4h3h 59m$667K$381K50x
ShortMEXC MORPHO_USDT2.73770.0100get 0.0050% / 4h3h 59m$4.9M$1.3M100x

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
−$20.78
Funding while held
$0
Slippage, 4 orders
−$169.52
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$206.3
Spread needed to break even
1.855%
Slippage from KuCoin: live order book, 1 min ago; MEXC: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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 KuCoin live order book, 1 min ago8.76 bp93.3 bp −$93183.3 bp −$1,833doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.28 bp6.9 bp −$737.5 bp −$375198.6 bp −$19.9Kdoesn't fit

MORPHO price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.7130cheapest01 Exchange2.7341+0.778%Binance2.7365+0.866%OKX2.7369+0.881%Extended2.7372+0.891%
MEXC2.7377+0.910%
Bybit2.7384+0.936%Orderly2.7385+0.940%Paradex2.7386+0.943%BingX2.7387+0.947%SoDEX2.7387+0.947%Deribit2.7392+0.966%Kraken Futures2.7395+0.977%Polymarket Perps2.7404+1.010%Aster2.7407+1.020%Reya2.7411+1.034%Lighter2.7415+1.049%Bitget2.7416+1.054%BloFin2.7422+1.076%GMX2.7422+1.078%Gate2.7427+1.095%
KuCoin2.7434+1.121%
Variational Omni2.7445+1.162%Hyperliquid2.7458+1.209%Phoenix2.7463+1.227%Coinbase International2.7504+1.379%

MORPHO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective MORPHO/USDC PERP−1.108%+0.0033%1h$38$85K5.5xas long as short
01 Exchange MORPHOUSD−0.339%−0.1112%1h$898$8K5xas long as short
Binance MORPHOUSDT−0.251%+0.0100%4h$16.9M$30.9M75xas long as short
OKX MORPHO-USDT-SWAP−0.237%+0.0100%4h$3.3M$5.7M20xas long as short
Extended MORPHO-USD−0.227%+0.0104%1h$103K$310K10xas long as short
MEXC MORPHO_USDTshort−0.208%+0.0100%4h$4.9M$1.3M100x
Bybit MORPHOUSDT−0.182%+0.0100%4h$9.0M$11.3M25xas long as short
Orderly PERP_MORPHO_USDC−0.179%−0.0118%4h$11K$34K10xas long as short
Paradex MORPHO-USD-PERP−0.176%+0.0100%8h$5K$35xas long as short
BingX MORPHO-USDT−0.171%+0.0100%4h—$1.5M—as long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX MORPHO-USD−0.171%+0.0100%1h$23K$2K5xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.153%−0.1245%1h$11K$44310xas long as short
Kraken Futures PF_MORPHOUSD−0.142%−0.0093%1h$99K$188K20xas long as short
Polymarket Perps MORPHO-USD−0.109%−0.0355%1h$28K$3.0M5xas long as short
Aster MORPHOUSDT−0.100%+0.0100%4h$60K$34K20xas long as short
Reya MORPHORUSDPERP−0.085%−0.0004%1h$16—10xas long as short
Lighter MORPHO−0.071%+0.0096%1h$321K$474K5xas long as short
Bitget MORPHOUSDT−0.066%+0.0100%4h$3.0M$2.6M75xas long as short
BloFin MORPHO-USDT−0.044%−0.0200%4h$690K$250K20xas long as short
GMX MORPHO/USD [ETH-USDC]−0.042%L +0.0197% / S −0.0897%1h$2K—100xas long as short
Gate MORPHO_USDT−0.026%−0.0290%4h$774K$600K50xas long as short
KuCoin MORPHOUSDTMlong0.000%+0.0100%4h$667K$381K50x
Variational Omni MORPHO+0.041%+0.0100%4h$670K$1.4M—as long as short
Hyperliquid MORPHO+0.087%+0.0302%1h$6.7M$8.1M5xas long as short
Phoenix MORPHO+0.106%−0.0029%1h$35K$560K5xas long as short
Coinbase International MORPHO-PERP-INTX+0.255%−0.0144%1h$80K$53K25xas long as short