# MORPHO Arbitrage: Live Price Spreads Across Exchanges

As of 2026-10-03 17:48 UTC, ArbTide tracks MORPHO spot and perpetual prices across exchanges. On spot markets, the best route has a 0.00% gross spread, which fees turn into a -0.20% net loss. On perpetual markets, the best route has a 0.15% gross spread, which fees turn into a -0.04% net loss.

## Spot prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| Binance | [MORPHO/USDT](https://www.binance.com/en/trade/MORPHO_USDT?type=spot) | 2.7 | 2.701 | 0.037% | $3.4M | 0.100% |
| OKX | [MORPHO/USDT](https://www.okx.com/trade-spot/morpho-usdt) | 2.7002 | 2.7014 | 0.044% | $1.3M | 0.150% |
| XT.COM | [MORPHO/USDT](https://www.xt.com/en/trade/morpho_usdt) | 2.7006 | 2.7019 | 0.048% | $2M | 0.200% |
| Bybit | [MORPHO/USDT](https://www.bybit.com/en/trade/spot/MORPHO/USDT) | 2.7 | 2.702 | 0.074% | $484.1K | 0.100% |
| Gate | [MORPHO/USDT](https://www.gate.com/trade/MORPHO_USDT) | 2.699 | 2.702 | 0.111% | $120.4K | 0.200% |
| Deepcoin | [MORPHO/USDT](https://www.deepcoin.com/en/spot/MORPHO-USDT) | 2.7005 | 2.702 | 0.056% | $68.1K | 0.150% |
| MEXC | [MORPHO/USDT](https://www.mexc.com/exchange/MORPHO_USDT) | 2.7009 | 2.7022 | 0.048% | $131.1K | 0.050% |
| BingX | [MORPHO/USDT](https://bingx.com/en/spot/MORPHOUSDT) | 2.7 | 2.703 | 0.111% | $128.4K | 0.100% |
| WEEX | [MORPHO/USDT](https://www.weex.com/spot/MORPHO-USDT) | 2.701 | 2.703 | 0.074% | $29.6K | 0.100% |
| Toobit | [MORPHO/USDT](https://www.toobit.com/en-US/spot/MORPHO_USDT) | 2.701 | 2.703 | 0.074% | $1M | 0.100% |
| CEX.IO | [MORPHO/USDT](https://trade.cex.io/spot/MORPHO-USDT) | 2.6995 | 2.703 | 0.129% | $36.5 | 0.100% |
| BtcTurk | [MORPHO/USDT](https://kripto.btcturk.com/pro/al-sat/MORPHO_USDT) | 2.6984 | 2.7032 | 0.178% | $12.9K | 0.090% |
| Bitget | [MORPHO/USDT](https://www.bitget.com/spot/MORPHOUSDT) | 2.7007 | 2.7034 | 0.100% | $154.7K | 0.100% |
| WhiteBIT | MORPHO/USDT | 2.698 | 2.704 | 0.222% | $652.9K | 0.100% |
| Bitstamp | [MORPHO/USD](https://www.bitstamp.net/markets/morpho/usd/) | 2.7009 | 2.7046 | 0.137% | $70.2K | 0.400% |
| Kraken | [MORPHO/USD](https://pro.kraken.com/app/trade/morpho-usd) | 2.69899 | 2.70498 | 0.221% | $538.3K | 0.260% |
| KuCoin | [MORPHO/USDT](https://www.kucoin.com/trade/MORPHO-USDT) | 2.7002 | 2.7062 | 0.222% | $165K | 0.100% |
| HTX | [MORPHO/USDT](https://www.htx.com/trade/morpho_usdt) | 2.6934 | 2.7062 | 0.473% | $59.2K | 0.200% |
| Revolut X | [MORPHO/USD](https://exchange.revolut.com/trade/MORPHO-USD) | 2.6967 | 2.7063 | 0.355% | $2.1K | 0.090% |
| HitBTC | MORPHO/USDT | 2.693 | 2.7081 | 0.558% | — | 0.250% |
| Crypto.com | [MORPHO/USD](https://crypto.com/exchange/trade/MORPHO_USD) | 2.6859 | 2.7318 | 1.680% | — | 0.500% |

### Spot net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | WEEX | Toobit | MEXC | Bitstamp | Bitget | XT.COM | Deepcoin | OKX | KuCoin | Binance | Bybit | BingX | CEX.IO | Gate | Kraken | BtcTurk | WhiteBIT | Revolut X | HTX | HitBTC | Crypto.com |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Binance | -0.20% | -0.20% | -0.15% | -0.50% | -0.21% | -0.31% | -0.27% | -0.28% | -0.23% | — | -0.24% | -0.24% | -0.26% | -0.37% | -0.43% | -0.29% | -0.31% | -0.35% | -0.58% | -0.65% | -1.16% |
| OKX | -0.26% | -0.26% | -0.22% | -0.57% | -0.28% | -0.38% | -0.33% | — | -0.29% | -0.30% | -0.30% | -0.30% | -0.32% | -0.44% | -0.50% | -0.35% | -0.38% | -0.41% | -0.65% | -0.71% | -1.22% |
| XT.COM | -0.33% | -0.33% | -0.29% | -0.64% | -0.34% | — | -0.40% | -0.41% | -0.36% | -0.37% | -0.37% | -0.37% | -0.39% | -0.51% | -0.57% | -0.42% | -0.44% | -0.48% | -0.71% | -0.78% | -1.29% |
| Bybit | -0.24% | -0.24% | -0.19% | -0.54% | -0.25% | -0.35% | -0.31% | -0.32% | -0.27% | -0.27% | — | -0.27% | -0.29% | -0.41% | -0.47% | -0.32% | -0.35% | -0.39% | -0.62% | -0.68% | -1.20% |
| Gate | -0.34% | -0.34% | -0.29% | -0.64% | -0.35% | -0.45% | -0.41% | -0.42% | -0.37% | -0.37% | -0.37% | -0.37% | -0.39% | — | -0.57% | -0.42% | -0.45% | -0.49% | -0.72% | -0.78% | -1.30% |
| Deepcoin | -0.29% | -0.29% | -0.24% | -0.59% | -0.30% | -0.40% | — | -0.37% | -0.32% | -0.32% | -0.32% | -0.32% | -0.34% | -0.46% | -0.52% | -0.37% | -0.40% | -0.44% | -0.67% | -0.73% | -1.25% |
| MEXC | -0.19% | -0.19% | — | -0.50% | -0.21% | -0.31% | -0.26% | -0.27% | -0.22% | -0.23% | -0.23% | -0.23% | -0.25% | -0.37% | -0.43% | -0.28% | -0.31% | -0.34% | -0.58% | -0.64% | -1.15% |
| BingX | -0.27% | -0.27% | -0.23% | -0.58% | -0.29% | -0.39% | -0.34% | -0.35% | -0.30% | -0.31% | -0.31% | — | -0.33% | -0.45% | -0.51% | -0.36% | -0.38% | -0.42% | -0.66% | -0.72% | -1.23% |
| WEEX | — | -0.27% | -0.23% | -0.58% | -0.29% | -0.39% | -0.34% | -0.35% | -0.30% | -0.31% | -0.31% | -0.31% | -0.33% | -0.45% | -0.51% | -0.36% | -0.38% | -0.42% | -0.66% | -0.72% | -1.23% |
| Toobit | -0.27% | — | -0.23% | -0.58% | -0.29% | -0.39% | -0.34% | -0.35% | -0.30% | -0.31% | -0.31% | -0.31% | -0.33% | -0.45% | -0.51% | -0.36% | -0.38% | -0.42% | -0.66% | -0.72% | -1.23% |
| CEX.IO | -0.27% | -0.27% | -0.23% | -0.58% | -0.29% | -0.39% | -0.34% | -0.35% | -0.30% | -0.31% | -0.31% | -0.31% | — | -0.45% | -0.51% | -0.36% | -0.38% | -0.42% | -0.66% | -0.72% | -1.23% |
| BtcTurk | -0.27% | -0.27% | -0.23% | -0.58% | -0.28% | -0.39% | -0.34% | -0.35% | -0.30% | -0.31% | -0.31% | -0.31% | -0.33% | -0.45% | -0.51% | — | -0.38% | -0.42% | -0.65% | -0.72% | -1.23% |
| Bitget | -0.29% | -0.29% | -0.24% | -0.59% | — | -0.40% | -0.36% | -0.37% | -0.32% | -0.33% | -0.33% | -0.33% | -0.34% | -0.46% | -0.52% | -0.37% | -0.40% | -0.44% | -0.67% | -0.73% | -1.25% |
| WhiteBIT | -0.31% | -0.31% | -0.26% | -0.61% | -0.32% | -0.43% | -0.38% | -0.39% | -0.34% | -0.35% | -0.35% | -0.35% | -0.37% | -0.48% | -0.55% | -0.40% | — | -0.46% | -0.69% | -0.76% | -1.27% |
| Bitstamp | -0.63% | -0.63% | -0.59% | — | -0.64% | -0.75% | -0.70% | -0.71% | -0.66% | -0.67% | -0.67% | -0.67% | -0.69% | -0.81% | -0.87% | -0.72% | -0.74% | -0.78% | -1.01% | -1.08% | -1.59% |
| Kraken | -0.51% | -0.51% | -0.46% | -0.81% | -0.52% | -0.62% | -0.58% | -0.59% | -0.54% | -0.54% | -0.54% | -0.54% | -0.56% | -0.68% | — | -0.59% | -0.62% | -0.66% | -0.89% | -0.95% | -1.47% |
| KuCoin | -0.39% | -0.39% | -0.35% | -0.70% | -0.40% | -0.51% | -0.46% | -0.47% | — | -0.43% | -0.43% | -0.43% | -0.45% | -0.57% | -0.63% | -0.48% | -0.50% | -0.54% | -0.77% | -0.84% | -1.35% |
| HTX | -0.49% | -0.49% | -0.45% | -0.80% | -0.50% | -0.61% | -0.56% | -0.57% | -0.52% | -0.53% | -0.53% | -0.53% | -0.55% | -0.67% | -0.73% | -0.58% | -0.60% | -0.64% | — | -0.94% | -1.45% |
| Revolut X | -0.39% | -0.39% | -0.34% | -0.69% | -0.40% | -0.50% | -0.45% | -0.47% | -0.42% | -0.42% | -0.42% | -0.42% | -0.44% | -0.56% | -0.62% | -0.47% | -0.50% | — | -0.77% | -0.83% | -1.34% |
| HitBTC | -0.61% | -0.61% | -0.57% | -0.92% | -0.62% | -0.73% | -0.68% | -0.69% | -0.64% | -0.65% | -0.65% | -0.65% | -0.67% | -0.79% | -0.85% | -0.70% | -0.72% | -0.76% | -0.99% | — | -1.57% |
| Crypto.com | -1.73% | -1.73% | -1.68% | -2.03% | -1.74% | -1.84% | -1.80% | -1.81% | -1.76% | -1.76% | -1.76% | -1.76% | -1.78% | -1.90% | -1.96% | -1.81% | -1.84% | -1.87% | -2.11% | -2.17% | — |

## Perpetual prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| Extended | [MORPHO/USDC:USDC](https://app.extended.exchange/perp/MORPHO-USD) | 2.6969 | 2.698 | 0.041% | $40.5K | 0.200% |
| Binance | [MORPHO/USDT:USDT](https://www.binance.com/en/futures/MORPHOUSDT) | 2.6989 | 2.6991 | 0.007% | $13.3M | 0.050% |
| Crypto.com | [MORPHO/USD:USD](https://crypto.com/exchange/trade/MORPHOUSD-PERP) | 2.6988 | 2.6991 | 0.011% | $6.2K | 0.500% |
| MEXC | [MORPHO/USDT:USDT](https://www.mexc.com/futures/MORPHO_USDT) | 2.7 | 2.7001 | 0.004% | $740.5K | 0.020% |
| OKX | [MORPHO/USDT:USDT](https://www.okx.com/trade-swap/morpho-usdt-swap) | 2.7 | 2.7004 | 0.015% | $2.8M | 0.050% |
| Gate | [MORPHO/USDT:USDT](https://www.gate.com/futures/USDT/MORPHO_USDT) | 2.6984 | 2.7004 | 0.074% | $225.9K | 0.050% |
| WEEX | [MORPHO/USDT:USDT](https://www.weex.com/futures/MORPHO-USDT) | 2.7001 | 2.7007 | 0.022% | $1.3M | 0.080% |
| Toobit | [MORPHO/USDT:USDT](https://www.toobit.com/en-US/futures/MORPHO-SWAP-USDT) | 2.6992 | 2.7013 | 0.078% | $4.3M | 0.100% |
| WhiteBIT | [MORPHO/USDT:USDT](https://whitebit.com/trade/MORPHO-PERP?type=futures) | 2.6877 | 2.7014 | 0.507% | $4.2M | 0.055% |
| Paradex | [MORPHO/USD:USDC](https://app.paradex.trade/trade/MORPHO-USD-PERP) | 2.6987 | 2.7014 | 0.100% | — | 0.030% |
| Bitget | [MORPHO/USDT:USDT](https://www.bitget.com/futures/usdt/MORPHOUSDT) | 2.6994 | 2.7016 | 0.081% | $958.2K | 0.060% |
| BingX | [MORPHO/USDT:USDT](https://bingx.com/en/perpetual/MORPHO-USDT) | 2.7003 | 2.7017 | 0.052% | $1.3M | 0.050% |
| Aster | [MORPHO/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/MORPHOUSDT) | 2.6984 | 2.7017 | 0.122% | $161.5K | 0.035% |
| Bybit | [MORPHO/USDT:USDT](https://www.bybit.com/trade/usdt/MORPHOUSDT) | 2.701 | 2.702 | 0.037% | $4.5M | 0.060% |
| XT.COM | [MORPHO/USDT:USDT](https://www.xt.com/en/futures/trade/morpho_usdt) | 2.701 | 2.702 | 0.037% | $619.3K | 0.060% |
| Hyperliquid | [MORPHO/USDC:USDC](https://app.hyperliquid.xyz/trade/MORPHO) | 2.70309 | 2.70615 | 0.113% | $1.8M | 0.045% |
| KuCoin | [MORPHO/USDT:USDT](https://www.kucoin.com/trade/futures/MORPHOUSDTM) | 2.698 | 2.7066 | 0.318% | $102.7K | 0.060% |

### Perpetual net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | Hyperliquid | Bybit | XT.COM | BingX | WEEX | MEXC | OKX | Bitget | Toobit | Binance | Crypto.com | Paradex | Gate | Aster | KuCoin | Extended | WhiteBIT |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Extended | -0.30% | -0.41% | -0.41% | -0.41% | -0.48% | -0.37% | -0.43% | -0.47% | -0.56% | -0.47% | -1.37% | -0.43% | -0.49% | -0.46% | -0.52% | — | -0.89% |
| Binance | -0.04% | -0.15% | -0.15% | -0.16% | -0.22% | -0.11% | -0.17% | -0.21% | -0.30% | — | -1.11% | -0.17% | -0.23% | -0.20% | -0.26% | -0.58% | -0.63% |
| Crypto.com | -0.94% | -1.05% | -1.05% | -1.06% | -1.12% | -1.01% | -1.07% | -1.11% | -1.20% | -1.11% | — | -1.07% | -1.13% | -1.10% | -1.16% | -1.48% | -1.53% |
| MEXC | -0.02% | -0.13% | -0.13% | -0.13% | -0.20% | — | -0.14% | -0.19% | -0.27% | -0.18% | -1.09% | -0.15% | -0.20% | -0.17% | -0.24% | -0.56% | -0.61% |
| OKX | -0.09% | -0.20% | -0.20% | -0.20% | -0.27% | -0.15% | — | -0.26% | -0.34% | -0.26% | -1.16% | -0.22% | -0.27% | -0.24% | -0.31% | -0.63% | -0.68% |
| Gate | -0.09% | -0.20% | -0.20% | -0.20% | -0.27% | -0.15% | -0.21% | -0.26% | -0.34% | -0.26% | -1.16% | -0.22% | — | -0.24% | -0.31% | -0.63% | -0.68% |
| WEEX | -0.16% | -0.27% | -0.27% | -0.27% | — | -0.23% | -0.29% | -0.33% | -0.42% | -0.33% | -1.23% | -0.29% | -0.35% | -0.32% | -0.38% | -0.70% | -0.75% |
| Toobit | -0.22% | -0.33% | -0.33% | -0.34% | -0.40% | -0.29% | -0.35% | -0.39% | — | -0.39% | -1.29% | -0.36% | -0.41% | -0.38% | -0.44% | -0.76% | -0.81% |
| WhiteBIT | -0.14% | -0.24% | -0.24% | -0.25% | -0.32% | -0.20% | -0.26% | -0.30% | -0.39% | -0.30% | -1.21% | -0.27% | -0.32% | -0.29% | -0.36% | -0.68% | — |
| Paradex | -0.09% | -0.19% | -0.19% | -0.20% | -0.27% | -0.15% | -0.21% | -0.25% | -0.34% | -0.25% | -1.16% | — | -0.27% | -0.24% | -0.31% | -0.63% | -0.68% |
| Bitget | -0.15% | -0.26% | -0.26% | -0.27% | -0.34% | -0.22% | -0.28% | — | -0.41% | -0.32% | -1.22% | -0.29% | -0.34% | -0.31% | -0.37% | -0.69% | -0.74% |
| BingX | -0.14% | -0.25% | -0.25% | — | -0.32% | -0.20% | -0.26% | -0.31% | -0.39% | -0.30% | -1.21% | -0.27% | -0.32% | -0.29% | -0.36% | -0.68% | -0.73% |
| Aster | -0.11% | -0.22% | -0.22% | -0.22% | -0.29% | -0.17% | -0.23% | -0.28% | -0.36% | -0.27% | -1.18% | -0.24% | -0.29% | — | -0.33% | -0.65% | -0.70% |
| Bybit | -0.17% | — | -0.28% | -0.28% | -0.35% | -0.23% | -0.29% | -0.34% | -0.42% | -0.33% | -1.24% | -0.30% | -0.35% | -0.32% | -0.39% | -0.71% | -0.76% |
| XT.COM | -0.17% | -0.28% | — | -0.28% | -0.35% | -0.23% | -0.29% | -0.34% | -0.42% | -0.33% | -1.24% | -0.30% | -0.35% | -0.32% | -0.39% | -0.71% | -0.76% |
| Hyperliquid | — | -0.40% | -0.40% | -0.41% | -0.47% | -0.36% | -0.42% | -0.46% | -0.55% | -0.46% | -1.36% | -0.43% | -0.48% | -0.45% | -0.51% | -0.83% | -0.88% |
| KuCoin | -0.34% | -0.45% | -0.45% | -0.45% | -0.52% | -0.40% | -0.46% | -0.51% | -0.59% | -0.50% | -1.41% | -0.47% | -0.52% | -0.49% | — | -0.88% | -0.93% |

## Frequently asked questions

### Is there a MORPHO arbitrage opportunity right now?

No. The best MORPHO routes do not cover taker fees at the moment.

### Which exchange has the cheapest MORPHO?

Lowest ask price: Spot: Binance at 2.701; Perpetual: Extended at 2.698.

### How is the net spread calculated?

Net spread = (best bid on the sell exchange − best ask on the buy exchange) ÷ best ask − taker fees. Spot routes pay one taker fee per exchange. Perpetual routes pay two per exchange, to open and to close. Max profit is read from both order books, so it includes slippage, and spot routes also subtract the withdrawal fee.