MORPHO

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After costs, if the gap returns to its 7d average, $10k−$114

spread now+0.010%7d average+0.052%fees + slippage, in and out−$110spread needed1.101%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MORPHO_USDT	2.7287	0.0080	pay 0.0040% / 4h	3h 15m	$4.9M	$1.3M	100x
Short	Kraken Futures PF_MORPHOUSD	2.7290	−0.1054	pay 0.0132% / 1h	15m 28s	$99K	$183K	20x

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 MEXCbpFee Kraken FuturesbpOrdersClose when spread is

Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 28 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.37 bp	6.3 bp −$6	42.1 bp −$421	188.8 bp −$18.9K	doesn't fit
Sell Kraken Futures live order book, 28 min ago	19.30 bp	59.4 bp −$59	143.7 bp −$1,437	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	−0.575%	+0.0033%	1h	$38	$34K	5.5x	as long as short
BloFin MORPHO-USDT	−0.132%	−0.0162%	4h	$685K	$246K	20x	as long as short
Variational Omni MORPHO	−0.093%	+0.0100%	4h	$666K	$1.4M	—	as long as short
Gate MORPHO_USDT	−0.081%	−0.0462%	4h	$766K	$576K	50x	as long as short
01 Exchange MORPHOUSD	−0.033%	−0.0744%	1h	$896	$10K	5x	as long as short
SoDEX MORPHO-USD	−0.033%	+0.0100%	1h	$23K	$2K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.004%	−0.0145%	4h	$11K	$34K	10x	as long as short
MEXC MORPHO_USDTlong	0.000%	+0.0080%	4h	$4.9M	$1.3M	100x
Coinbase International MORPHO-PERP-INTX	+0.004%	−0.0256%	1h	$79K	$51K	25x	as long as short
Kraken Futures PF_MORPHOUSDshort	+0.010%	−0.1054%	1h	$99K	$183K	20x

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	+0.018%	−0.0738%	1h	$11K	$443	10x	as long as short
BingX MORPHO-USDT	+0.026%	+0.0100%	4h	—	$1.5M	—	as long as short
Extended MORPHO-USD	+0.037%	+0.0080%	1h	$102K	$304K	10x	as long as short
Binance MORPHOUSDT	+0.040%	+0.0083%	4h	$16.8M	$30.0M	75x	as long as short
Aster MORPHOUSDT	+0.044%	+0.0100%	4h	$60K	$34K	20x	as long as short
Reya MORPHORUSDPERP	+0.052%	−0.0004%	1h	$16	—	10x	as long as short
Paradex MORPHO-USD-PERP	+0.053%	+0.0099%	8h	$5K	$3	5x	as long as short
Polymarket Perps MORPHO-USD	+0.059%	−0.0336%	1h	$28K	$3.0M	5x	as long as short
Bitget MORPHOUSDT	+0.062%	+0.0100%	4h	$3.0M	$2.5M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.081%	+0.0100%	4h	$3.2M	$5.5M	20x	as long as short
KuCoin MORPHOUSDTM	+0.081%	+0.0100%	4h	$661K	$379K	50x	as long as short
Bybit MORPHOUSDT	+0.084%	−0.0206%	4h	$9.0M	$11.0M	25x	as long as short
Phoenix MORPHO	+0.084%	−0.0146%	1h	$35K	$554K	5x	as long as short
Lighter MORPHO	+0.089%	+0.0096%	1h	$321K	$476K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	+0.135%	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short
Hyperliquid MORPHO	+0.235%	+0.0100%	1h	$6.7M	$7.9M	5x	as long as short