MORPHO

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After costs, if the gap returns to its 7d average, $10k−$75

spread now−0.379%7d average−0.167%fees + slippage, in and out−$54spread needed0.541%

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MORPHO	2.7165	−0.0059	get 0.0007% / 1h	41m 02s	$35K	$517K	5x
Short	Binance MORPHOUSDT	2.7062	0.0002	get 0.0001% / 4h	2h 41m	$16.7M	$28.9M	75x

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 PhoenixbpFee BinancebpOrdersClose when spread is

Slippage from Phoenix: live order book, 63 min ago; Binance: live order book, 2 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 63 min ago	1.09 bp	12.9 bp −$13	52.0 bp −$520	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.74 bp	13.2 bp −$13	38.8 bp −$388	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
01 Exchange MORPHOUSD	−0.475%	−0.0960%	1h	$888	$11K	5x	as long as short
Gate MORPHO_USDT	−0.420%	−0.0548%	4h	$763K	$538K	50x	as long as short
MEXC MORPHO_USDT	−0.394%	+0.0006%	4h	$4.8M	$1.2M	100x	as long as short
Binance MORPHOUSDTshort	−0.379%	+0.0002%	4h	$16.7M	$28.9M	75x
Paradex MORPHO-USD-PERP	−0.364%	+0.0100%	8h	$5K	$3	5x	as long as short
BloFin MORPHO-USDT	−0.353%	−0.0238%	4h	$673K	$222K	20x	as long as short
Extended MORPHO-USD	−0.350%	0.0000%	1h	$102K	$304K	10x	as long as short
SoDEX MORPHO-USD	−0.324%	+0.0100%	1h	$23K	$2K	5x	as long as short
BingX MORPHO-USDT	−0.320%	+0.0100%	4h	—	$1.5M	—	as long as short
Kraken Futures PF_MORPHOUSD	−0.317%	−0.0923%	1h	$93K	$173K	20x	as long as short

Show all 26 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MORPHOUSDT	−0.313%	−0.0114%	4h	$8.9M	$10.7M	25x	as long as short
Polymarket Perps MORPHO-USD	−0.306%	−0.0457%	1h	$27K	$2.8M	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.298%	−0.1225%	1h	$11K	$443	10x	as long as short
Orderly PERP_MORPHO_USDC	−0.291%	−0.0175%	4h	$10K	$34K	10x	as long as short
KuCoin MORPHOUSDTM	−0.280%	+0.0100%	4h	$656K	$357K	50x	as long as short
Reya MORPHORUSDPERP	−0.269%	−0.0004%	1h	$16	—	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.265%	−0.0336%	1h	$79K	$49K	25x	as long as short
Lighter MORPHO	−0.252%	+0.0096%	1h	$319K	$364K	5x	as long as short
OKX MORPHO-USDT-SWAP	−0.250%	+0.0100%	4h	$3.2M	$5.1M	20x	as long as short
Bitget MORPHOUSDT	−0.228%	+0.0100%	4h	$3.0M	$2.3M	75x	as long as short
GMX MORPHO/USD [ETH-USDC]	−0.179%	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short
Aster MORPHOUSDT	−0.147%	+0.0100%	4h	$59K	$32K	20x	as long as short
Hyperliquid MORPHO	−0.147%	+0.0100%	1h	$6.6M	$7.8M	5x	as long as short
Injective MORPHO/USDC PERP	−0.129%	+0.0033%	1h	$38	$34K	5.5x	as long as short
Phoenix MORPHOlong	0.000%	−0.0059%	1h	$35K	$517K	5x
Variational Omni MORPHO	+0.169%	+0.0100%	4h	$664K	$1.4M	—	as long as short