MORPHO arbitrage
MORPHO on 26 exchanges spot and 22 in futures: live routes, past spreads and how long they last.
Prices at · open routes a minute older; real time in the scanners on paid plans · How we count
- Price
- $2.1227
- 24h volume
- $31.8M
- Exchanges
- 32
- 26 spot · 22 futures
- Routes now
- 3
- 0 take · 3 risky
- Gaps in 7 days
- 6,865
- 2,435 over a minute
MORPHO right now
MORPHO is cheapest on Bybit ($2.1218) and dearest on Bitrue ($2.1259): 0.19% apart across 18 exchanges with a liquid spot market, before fees.
3 routes in profit after fees are worth a look ("take" or "risky"); the best: MEXC → Hyperliquid, 0.06%.
Over 7 days a spread in profit opened 6,865 times, and 2,435 of them lasted a minute or longer; one usually closed within 35 s.
Funding per 8 hours runs from −0.0276% on Bybit to 0.0704% on XT, across 17 exchanges (outliers, markets under $50k a day and exchanges publishing no volume left out).
MORPHO arbitrage opportunities now
Spot and futures, no transfer
| Long | Short | Spread | Size at best price | Verdict |
|---|---|---|---|---|
| MEXC perp | Hyperliquid | 0.061% | — | Risky |
| Gate perp | Hyperliquid | 0.005% | $150 | Risky |
| Binance perp | Hyperliquid | 0.001% | $150 | Risky |
MORPHO arbitrage strategy
No MORPHO route worth taking with an open transfer right now. Gaps of a minute or longer open several times a week, though — here is how to catch the next one:
- Watch Binance → Kraken MORPHO/USD: the spread opened there 19 times in 7 days, 12 of them for a minute or longer; it usually lasts 1 min 21 s.
- Check the transfer in advance: Binance or Kraken does not publish its network status.
- Set an alert on the route: you hear when the spread pays after fees. Then buy on Binance and sell on Kraken.
MORPHO price on every exchange
Refreshed every 10 seconds. The best buy and sell prices are highlighted.
Spot · 26
| Exchange | Bid | Ask | Book spread | 24h volume |
|---|---|---|---|---|
| BinanceMORPHO/USDT | 2.1220 | 2.1230 | 0.05% | $1.7M |
| TokocryptoMORPHO/USDT | 2.1220 | 2.1230 | 0.05% | $1.7M |
| XTMORPHO/USDT | 2.1221 | 2.1222 | 0.00% | $1.4M |
| OKXMORPHO/USDT | 2.1221 | 2.1223 | 0.01% | $936.9K |
| CoinbaseMORPHO/USD | 2.1210 | 2.1224 | 0.07% | $723.5K |
| CoinbaseMORPHO/USDC | 2.1210 | 2.1224 | 0.07% | $723.2K |
| Coinbase ExchangeMORPHO/USD | 2.1210 | 2.1224 | 0.07% | $717.7K |
| KrakenMORPHO/USD | 2.1196 | 2.1218 | 0.11% | $603.7K |
| ToobitMORPHO/USDT | 2.1210 | 2.1230 | 0.09% | $532.2K |
| PhemexMORPHO/USDT | 2.1184 | 2.1271 | 0.41% | $448.1K |
| WhiteBITMORPHO/USDT | 2.1190 | 2.1270 | 0.38% | $421.7K |
| BitrueMORPHO/USDT | 2.1076 | 2.1442 | 1.72% | $317.7K |
Perpetual futures · 22
| Exchange | Bid | Ask | Book spread | Funding | 24h volume |
|---|---|---|---|---|---|
| WhiteBITMORPHO/USDT | 2.1058 | 2.1250 | 0.91% | 0.0050%/4h | $5.1M |
| OKXMORPHO/USDT | 2.1197 | 2.1202 | 0.02% | −0.0009%/4h | $2.6M |
| ToobitMORPHO/USDT | 2.1191 | 2.1206 | 0.07% | 0.0050%/4h | $2.3M |
| BybitMORPHO/USDT | 2.1204 | 2.1205 | 0.00% | −0.0138%/4h | $1.8M |
| HyperliquidMORPHO/USDC | 2.1215 | 2.1218 | 0.01% | 0.0013%/1h | $1.7M |
| BingXMORPHO/USDT | 2.1200 | 2.1201 | 0.00% | 0.0050%/4h | $1.6M |
| BitgetMORPHO/USDT | 2.1193 | 2.1199 | 0.03% | 0.0050%/4h | $962.6K |
| WEEXMORPHO/USDT | 2.1196 | 2.1200 | 0.02% | 0.0050%/4h | $951.4K |
| DeepcoinMORPHO/USDT | 2.1198 | 2.1200 | 0.01% | −0.0066%/4h | $747.5K |
| MEXCMORPHO/USDT | 2.1198 | 2.1199 | 0.00% | 0.0050%/4h | $508.4K |
| GateMORPHO/USDT | 2.1197 | 2.1198 | 0.00% | −0.0062%/4h | $419.3K |
| XTMORPHO/USDT | 2.1201 | 2.1208 | 0.03% | 0.0352%/4h | $385.7K |
How often MORPHO spreads open
Exchange pairs between which the price drifted apart with a profit after fees over 7 days. “Over a minute” counts the gaps that held for a minute or longer: those can be caught. The rest are flashes of seconds that close before an order arrives.
| Market | Route | Over a minute | Gaps | Median lifetime |
|---|---|---|---|---|
| perp ↔ perp | Toobit perp → Lighter perp | 116 | 137 | 7 min 41 s |
| perp ↔ perp | Bitget perp → Lighter perp | 106 | 119 | 8 min 15 s |
| perp ↔ perp | MEXC perp → Lighter perp | 101 | 110 | 20 min 35 s |
| perp ↔ perp | Toobit perp → Hyperliquid perp | 94 | 105 | 9 min 06 s |
| perp ↔ perp | Gate perp → MEXC perp | 92 | 136 | 3 min 18 s |
| perp ↔ perp | Gate perp → Lighter perp | 90 | 92 | 17 min 56 s |
| perp ↔ perp | BingX perp → Lighter perp | 86 | 102 | 6 min 35 s |
| perp ↔ perp | BloFin perp → Lighter perp | 81 | 97 | 4 min 59 s |
| perp ↔ perp | Binance perp → Lighter perp | 80 | 86 | 12 min 08 s |
| perp ↔ perp | Gate perp → Kraken perp | 79 | 102 | 4 min 50 s |
| perp ↔ perp | BloFin perp → Hyperliquid perp | 73 | 81 | 8 min 33 s |
| perp ↔ perp | WEEX perp → Hyperliquid perp | 63 | 86 | 3 min 02 s |
| perp ↔ perp | BingX perp → Hyperliquid perp | 62 | 67 | 13 min 54 s |
| perp ↔ perp | Bitget perp → Hyperliquid perp | 55 | 59 | 17 min 32 s |
| perp ↔ perp | OKX perp → Lighter perp | 50 | 56 | 8 min 09 s |
| perp ↔ perp | Binance perp → Hyperliquid perp | 50 | 54 | 16 min 02 s |
| perp ↔ perp | Gate perp → XT perp | 47 | 67 | 2 min 17 s |
| perp ↔ perp | WhiteBIT perp → Hyperliquid perp | 39 | 93 | 21 s |
| perp ↔ perp | WOO X perp → Hyperliquid perp | 37 | 59 | 1 min 39 s |
| perp ↔ perp | MEXC perp → Bybit perp | 35 | 80 | 18 s |
Networks, deposits and withdrawals
Whether the coin can be moved between exchanges: withdrawals open where you buy and deposits open where you sell. Refreshed every 5 minutes.
| Network | Exchange | Deposit | Withdraw | Withdrawal fee |
|---|---|---|---|---|
| BASE | Binance | open | open | 0.11 MORPHO |
| Bybit | open | open | 0.3 MORPHO | |
| Coinbasebase | n/a | n/a | — | |
| Coinbase Exchangebase | n/a | n/a | — | |
| Toobit | open | open | 0.00063 MORPHO | |
| ETH | Binance | open | open | 2 MORPHO |
| BitgetERC20 | open | n/a | 0.9402 MORPHO | |
| Bitrue | closed | closed | 0.41 MORPHO | |
| Bitstampethereum | open | open | — | |
| Bitvavo | open | open | 0.51 MORPHO | |
| Bybit | open | open | 1 MORPHO | |
| CEX.IOethereum | open | open | 1.5 MORPHO | |
| Coinbaseethereum | n/a | n/a | — | |
| Coinbase Exchangeethereum | n/a | n/a | — | |
| Gate | closed | open | — | |
| HitBTC | open | open | 11.04 MORPHO | |
| HTXmorpho | open | open | 0.804 MORPHO | |
| KuCoineth | open | open | 1.9 MORPHO | |
| LBankerc20 | n/a | open | 0.4447 MORPHO | |
| MEXC | open | open | 0.3 MORPHO | |
| OKXMORPHO-ERC20 | open | open | 0.088 MORPHO | |
| Phemex | n/a | n/a | — | |
| Poloniex | open | open | 0.1835 MORPHO | |
| WEEX | open | open | 0.5 MORPHO | |
| WhiteBITERC20 | open | open | 3 MORPHO | |
| XTEthereum | open | open | 3 MORPHO |
Gaps of a minute or longer, last 7 days
| When (UTC) | Market | Route | Spread | Lasted | Transfer |
|---|---|---|---|---|---|
| Oct 24, 10:09 PM | perp ↔ perp | Gate → Hyperliquid | 0.132% | 27 min 00 s | — |
| Oct 24, 10:09 PM | perp ↔ perp | Gate → Lighter | 0.151% | 14 min 09 s | — |
| Oct 24, 09:56 PM | perp ↔ perp | Toobit → Lighter | 0.107% | 17 min 30 s | — |
| Oct 24, 09:56 PM | perp ↔ perp | BloFin → Lighter | 0.115% | 17 min 30 s | — |
| Oct 24, 09:00 PM | perp ↔ perp | Bitget → Hyperliquid | 0.104% | 23 min 42 s | — |
| Oct 24, 09:00 PM | perp ↔ perp | Binance → Hyperliquid | 0.105% | 15 min 09 s | — |
| Oct 24, 08:56 PM | perp ↔ perp | Binance → Hyperliquid | 0.109% | 1 min 36 s | — |
| Oct 24, 08:56 PM | perp ↔ perp | Bitget → Hyperliquid | 0.117% | 1 min 39 s | — |
| Oct 24, 08:24 PM | perp ↔ perp | Toobit → Hyperliquid | 0.359% | 2 min 51 s | — |
| Oct 24, 08:24 PM | perp ↔ perp | BloFin → Hyperliquid | 0.305% | 1 min 03 s | — |
| Oct 24, 08:24 PM | perp ↔ perp | Bitget → MEXC | 0.221% | 1 min 06 s | — |
| Oct 24, 08:24 PM | perp ↔ perp | Gate → MEXC | 0.203% | 1 min 06 s | — |
| Oct 24, 08:24 PM | perp ↔ perp | Bitget → Binance | 0.142% | 1 min 03 s | — |
| Oct 24, 08:24 PM | perp ↔ perp | Bitget → BingX | 0.147% | 1 min 06 s | — |
| Oct 24, 08:23 PM | perp ↔ perp | BingX → Hyperliquid | 0.321% | 1 min 39 s | — |
| Oct 24, 08:23 PM | perp ↔ perp | WEEX → Hyperliquid | 0.275% | 1 min 18 s | — |
| Oct 24, 08:20 PM | perp ↔ perp | Binance → Hyperliquid | 0.335% | 5 min 57 s | — |
| Oct 24, 07:49 PM | perp ↔ perp | Gate → Lighter | 0.171% | 49 min 48 s | — |
| Oct 24, 07:21 PM | perp ↔ perp | Gate → Lighter | 0.102% | 1 min 53 s | — |
| Oct 24, 07:13 PM | perp ↔ perp | BingX → Hyperliquid | 0.143% | 12 min 41 s | — |
| Oct 24, 06:53 PM | perp ↔ perp | Gate → Lighter | 0.143% | 17 min 42 s | — |
| Oct 24, 06:51 PM | perp ↔ perp | Gate → Hyperliquid | 0.122% | 1 h 27 min | — |
| Oct 24, 06:03 PM | perp ↔ perp | Gate → Lighter | 0.168% | 38 min 16 s | — |
| Oct 24, 05:49 PM | perp ↔ perp | WEEX → Hyperliquid | 0.260% | 1 min 12 s | — |
| Oct 24, 05:48 PM | perp ↔ perp | Bybit → Hyperliquid | 0.215% | 2 min 09 s | — |
| Oct 24, 05:48 PM | perp ↔ perp | BloFin → Lighter | 0.205% | 1 min 12 s | — |
| Oct 24, 05:47 PM | perp ↔ perp | Toobit → Lighter | 0.107% | 1 min 30 s | — |
| Oct 24, 05:47 PM | perp ↔ perp | BingX → Hyperliquid | 0.183% | 14 min 12 s | — |
| Oct 24, 05:36 PM | perp ↔ perp | BloFin → Hyperliquid | 0.201% | 17 min 35 s | — |
| Oct 24, 05:28 PM | perp ↔ perp | Toobit → Lighter | 0.116% | 16 min 50 s | — |
| Oct 24, 05:28 PM | perp ↔ perp | Binance → Lighter | 0.215% | 21 min 02 s | — |
| Oct 24, 05:16 PM | perp ↔ perp | XT → Lighter | 0.160% | 1 min 00 s | — |
| Oct 24, 04:52 PM | perp ↔ perp | Toobit → Hyperliquid | 0.113% | 1 h 57 min | — |
| Oct 24, 04:49 PM | perp ↔ perp | Gate → MEXC | 0.139% | 1 min 12 s | — |
| Oct 24, 04:49 PM | perp ↔ perp | Gate → Kraken | 0.172% | 1 min 12 s | — |
| Oct 24, 04:49 PM | perp ↔ perp | Bitget → Lighter | 0.109% | 6 min 39 s | — |
| Oct 24, 04:47 PM | perp ↔ perp | Gate → Lighter | 0.243% | 9 min 18 s | — |
| Oct 24, 04:39 PM | perp ↔ perp | Gate → Hyperliquid | 0.156% | 2 h 06 min | — |
| Oct 24, 04:13 PM | perp ↔ perp | Bitget → Hyperliquid | 0.339% | 4 h 26 min | — |
| Oct 24, 04:11 PM | perp ↔ perp | BingX → Hyperliquid | 0.113% | 4 min 36 s | — |
| Oct 24, 04:05 PM | perp ↔ perp | OKX → Lighter | 0.117% | 1 min 06 s | — |
| Oct 24, 04:05 PM | perp ↔ perp | WEEX → Lighter | 0.156% | 1 min 30 s | — |
| Oct 24, 04:05 PM | perp ↔ perp | MEXC → Kraken | 0.113% | 1 min 39 s | — |
| Oct 24, 04:05 PM | perp ↔ perp | MEXC → Bybit | 0.237% | 1 min 39 s | — |
| Oct 24, 04:05 PM | perp ↔ perp | WOO X → Lighter | 0.272% | 1 min 39 s | — |
| Oct 24, 04:03 PM | perp ↔ perp | Binance → Lighter | 0.169% | 16 min 12 s | — |
| Oct 24, 04:03 PM | perp ↔ perp | BloFin → Lighter | 0.111% | 16 min 06 s | — |
| Oct 24, 04:03 PM | perp ↔ perp | Toobit → Lighter | 0.343% | 15 min 48 s | — |
| Oct 24, 03:48 PM | perp ↔ perp | Gate → Hyperliquid | 0.332% | 31 min 57 s | — |
| Oct 24, 03:31 PM | perp ↔ perp | Gate → Kraken | 0.115% | 2 min 12 s | — |
Spread at the peak after taker fees. Lifetime is measured to about 3 s.
More on MORPHO
MORPHO funding rates by exchange →
MORPHO trades on: WhiteBIT, Binance, OKX, Toobit, Coinbase, Bybit, XT, Hyperliquid, BingX, Bitget, WEEX, Deepcoin and 20 more
MORPHO listings in 30 days
FAQ
- Why is the MORPHO spread so high on some exchanges?
3 routes in profit after fees are worth a look ("take" or "risky"); the engine's commonest warnings: even when the prices meet, closing crosses each leg's bid-ask spread, and that eats the profit; profit under $1. We have no network status from Tokocrypto, Kraken and Deepcoin +4, so a transfer there cannot be checked.
- Where is MORPHO cheapest to buy?
Cheapest now on Bybit: $2.1218; dearest on Bitrue: $2.1259, 0.19% apart. 18 exchanges with a liquid MORPHO market compared, at the mid between bid and ask.
- Can I transfer MORPHO between Bybit and Bitrue?
Not now: Bitrue has closed MORPHO deposits. The networks' status is checked every 5 minutes; the networks table below shows what is open.
- Is there an arbitrage opportunity in MORPHO right now?
Yes, in futures (no transfer: a long and a short): 1 route is worth a look ("take" or "risky"), the first MEXC → Hyperliquid, 0.06%, marked "risky".
Not on spot after fees: no spot route earns right now. The widest price gap is 0.19% (Bybit → Bitrue), and trading fees and the withdrawal eat it. In 7 days, gaps of a minute or longer opened most often between Binance and Kraken: 12 times.
- What is the MORPHO spread now?
0.19% between the cheapest (Bybit) and the dearest (Bitrue) exchange, before fees. No route worth taking with an open transfer right now.