data as of
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Price arb /

MORPHO

all MORPHO markets
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Spread before costs (cost unknown: a leg has no order-book sample)−0.068%
7d average+0.033%if it closes, per $10,000$7funding while held, a day+$0.82
Long on Variational OmniShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MORPHO2.74540.0073pay 0.0036% / 4h10m 17s$670K$1.4M—
ShortKuCoin MORPHOUSDTM2.74350.0100get 0.0050% / 4h10m 17s$665K$381K50x

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
−$6.83
Funding while held
$0.82
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$18.02
Spread needed to break even
0.120%
Slippage unknown: Variational Omni: RFQ quote, just now; KuCoin: live order book, 60 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0027%
Per $10,000 a day
+$0.82
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 Variational Omni RFQ quote, just now4.55 bpdoesn't fit70.3 bp −$703doesn't fitdoesn't fit
Sell KuCoin live order book, 60 min ago14.66 bp106.4 bp −$106201.3 bp −$2,013doesn't fitdoesn't fit

MORPHO price on every exchange

against the cheapest. Click to use as the short leg.
Injective2.7130cheapest01 Exchange2.7360+0.848%Extended2.7410+1.030%MEXC2.7412+1.039%Orderly2.7412+1.039%SoDEX2.7412+1.039%Deribit2.7412+1.039%OKX2.7414+1.047%Binance2.7418+1.062%Bitget2.7418+1.062%Paradex2.7418+1.063%Reya2.7429+1.103%Kraken Futures2.7431+1.109%Polymarket Perps2.7431+1.109%
KuCoin2.7435+1.124%
BingX2.7436+1.128%Bybit2.7438+1.135%Gate2.7442+1.150%Aster2.7446+1.166%
Variational Omni2.7454+1.193%
GMX2.7455+1.198%Lighter2.7456+1.201%Phoenix2.7460+1.216%BloFin2.7465+1.235%Hyperliquid2.7498+1.356%Coinbase International2.7504+1.379%

MORPHO on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective MORPHO/USDC PERP−1.179%+0.0033%1h$38$85K5.5xas long as short
01 Exchange MORPHOUSD−0.342%−0.1128%1h$899$8K5xas long as short
Extended MORPHO-USD−0.161%+0.0104%1h$103K$310K10xas long as short
MEXC MORPHO_USDT−0.152%+0.0100%4h$4.9M$1.3M100xas long as short
Orderly PERP_MORPHO_USDC−0.152%−0.0111%4h$11K$34K10xas long as short
SoDEX MORPHO-USD−0.152%+0.0100%1h$23K$2K5xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.152%−0.1171%1h$11K$44310xas long as short
OKX MORPHO-USDT-SWAP−0.145%+0.0100%4h$3.3M$5.8M20xas long as short
Binance MORPHOUSDT−0.130%+0.0100%4h$16.9M$30.9M75xas long as short
Bitget MORPHOUSDT−0.130%+0.0100%4h$3.0M$2.6M75xas long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex MORPHO-USD-PERP−0.129%+0.0099%8h$5K$35xas long as short
Reya MORPHORUSDPERP−0.089%−0.0004%1h$16—10xas long as short
Kraken Futures PF_MORPHOUSD−0.083%−0.0093%1h$99K$188K20xas long as short
Polymarket Perps MORPHO-USD−0.083%−0.0379%1h$29K$3.0M5xas long as short
KuCoin MORPHOUSDTMshort−0.068%+0.0100%4h$665K$381K50x
BingX MORPHO-USDT−0.065%+0.0100%4h—$1.5M—as long as short
Bybit MORPHOUSDT−0.057%−0.0106%4h$9.1M$11.3M25xas long as short
Gate MORPHO_USDT−0.043%−0.0298%4h$774K$599K50xas long as short
Aster MORPHOUSDT−0.027%+0.0100%4h$60K$34K20xas long as short
Variational Omni MORPHOlong0.000%+0.0073%4h$670K$1.4M—
GMX MORPHO/USD [ETH-USDC]+0.005%L +0.0197% / S −0.0897%1h$2K—100xas long as short
Lighter MORPHO+0.007%+0.0096%1h$322K$503K5xas long as short
Phoenix MORPHO+0.023%−0.0029%1h$35K$560K5xas long as short
BloFin MORPHO-USDT+0.041%−0.0200%4h$691K$250K20xas long as short
Hyperliquid MORPHO+0.161%+0.0100%1h$6.7M$8.1M5xas long as short
Coinbase International MORPHO-PERP-INTX+0.183%−0.0144%1h$80K$53K25xas long as short