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−$173
spread now−0.022%7d average−0.033%fees + slippage, in and out−$174spread needed1.743%
Long on OKXShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MORPHO-USDT-SWAP2.73540.0100pay 0.0050% / 4h3h 32m$3.2M$5.6M20x
ShortGate MORPHO_USDT2.7348−0.0384pay 0.0192% / 4h3h 32m$767K$574K50x

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
−$2.19
Funding while held
−$14.52
Slippage, 4 orders
−$149.28
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$190.99
Spread needed to break even
1.743%
Slippage from OKX: live order book, 2 min ago; Gate: live order book, 11 min ago.

Cost of waiting

funding view
Funding /8h
−0.0484%
Per $10,000 a day
−$14.52
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 OKX live order book, 2 min ago3.11 bp23.3 bp −$23156.1 bp −$1,561doesn't fitdoesn't fit
Sell Gate live order book, 11 min ago7.30 bp60.9 bp −$61doesn't fitdoesn't fitdoesn't fit

MORPHO price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.7130cheapest01 Exchange2.7261+0.483%Paradex2.7298+0.618%Extended2.7310+0.664%Polymarket Perps2.7320+0.700%MEXC2.7328+0.730%Orderly2.7329+0.734%BloFin2.7330+0.737%BingX2.7331+0.741%SoDEX2.7331+0.741%KuCoin2.7332+0.745%Reya2.7333+0.746%Binance2.7334+0.752%Deribit2.7336+0.759%Bitget2.7339+0.770%Kraken Futures2.7347+0.801%
Gate2.7348+0.804%
Phoenix2.7349+0.807%Bybit2.7350+0.811%
OKX2.7354+0.826%
GMX2.7363+0.858%Coinbase International2.7364+0.863%Variational Omni2.7369+0.881%Lighter2.7370+0.883%Aster2.7373+0.895%Hyperliquid2.7390+0.958%

MORPHO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective MORPHO/USDC PERP−0.819%+0.0033%1h$38$34K5.5xas long as short
01 Exchange MORPHOUSD−0.340%−0.0688%1h$896$10K5xas long as short
Paradex MORPHO-USD-PERP−0.206%+0.0100%8h$5K$35xas long as short
Extended MORPHO-USD−0.160%+0.0104%1h$103K$304K10xas long as short
Polymarket Perps MORPHO-USD−0.124%−0.0260%1h$27K$3.0M5xas long as short
MEXC MORPHO_USDT−0.095%+0.0100%4h$4.9M$1.3M100xas long as short
Orderly PERP_MORPHO_USDC−0.091%−0.0135%4h$11K$34K10xas long as short
BloFin MORPHO-USDT−0.088%−0.0200%4h$677K$244K20xas long as short
BingX MORPHO-USDT−0.084%+0.0100%4h—$1.5M—as long as short
SoDEX MORPHO-USD−0.084%+0.0100%1h$23K$2K5xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin MORPHOUSDTM−0.080%+0.0100%4h$662K$380K50xas long as short
Reya MORPHORUSDPERP−0.079%−0.0004%1h$16—10xas long as short
Binance MORPHOUSDT−0.073%+0.0100%4h$16.9M$30.5M75xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.066%−0.0992%1h$11K$44310xas long as short
Bitget MORPHOUSDT−0.055%+0.0100%4h$3.0M$2.6M75xas long as short
Kraken Futures PF_MORPHOUSD−0.025%−0.1052%1h$99K$183K20xas long as short
Gate MORPHO_USDTshort−0.022%−0.0384%4h$767K$574K50x
Phoenix MORPHO−0.018%−0.0146%1h$35K$554K5xas long as short
Bybit MORPHOUSDT−0.015%+0.0013%4h$9.0M$11.2M25xas long as short
OKX MORPHO-USDT-SWAPlong0.000%+0.0100%4h$3.2M$5.6M20x
GMX MORPHO/USD [ETH-USDC]+0.032%L +0.0197% / S −0.0897%1h$2K—100xas long as short
Coinbase International MORPHO-PERP-INTX+0.037%−0.0256%1h$79K$52K25xas long as short
Variational Omni MORPHO+0.055%+0.0100%4h$670K$1.4M—as long as short
Lighter MORPHO+0.057%+0.0096%1h$321K$474K5xas long as short
Aster MORPHOUSDT+0.069%+0.0100%4h$60K$34K20xas long as short
Hyperliquid MORPHO+0.132%+0.0126%1h$6.7M$8.1M5xas long as short