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Morpho Watch

Morpho on Arbitrum

Every Morpho vault and market listed on Arbitrum, with live rates. Money on Arbitrum stays on Arbitrum: its vaults lend only to markets on the same network. Contracts can be checked on the Arbitrum block explorer.

Data from Morpho's API · updated

Supplied in markets

$9.24M

15 markets

Borrowed

$6.89M

74.5% of supply

Deposited in vaults

$10.69M

9 vaults

Collateral posted

$12.60M

backing the loans

Best vault yields on Arbitrum

Highest net APY with at least $1M deposited

VaultNet APYDeposits
Steakhouse High Yield USDCArbitrum · Steakhouse Financial 4.37% $2.72M
Bitget x Steakhouse USDCArbitrum · Steakhouse Financial 1.76% $1.95M
Bitget x Steakhouse USDTArbitrum · Steakhouse Financial 0.94% $3.12M

Cheapest borrowing on Arbitrum

Lowest borrow APY with at least $250K available

MarketBorrow APYAvailable
wstETH / USDCArbitrum · LLTV 86% 2.95% $500K
WBTC / USDCArbitrum · LLTV 86% 2.96% $863K
WBTC / USDT0Arbitrum · LLTV 86% 2.97% $368K
PT-USDai-15OCT2026 / USDCArbitrum · LLTV 91.5% 5.58% $345K

Largest vaults on Arbitrum

The top 9 of 9 by deposits

All vaults →
Largest Morpho vaults on Arbitrum
Vault Deposits Net APY 30-day APY Fee Withdrawable
Bitget x Steakhouse USDTV2Steakhouse Financial · Arbitrum · $3.12M $3.12M3.12M USDT0 0.94% 3.65% 10% $1.86M
Steakhouse High Yield USDCSteakhouse Financial · Arbitrum · $2.72M $2.72M2.72M USDC 4.37% 5.29% 10% $342K
Bitget x Steakhouse USDCV2Steakhouse Financial · Arbitrum · $1.95M $1.95M1.95M USDC 1.76% 3.37% 10% $886K
Gauntlet USDC PrimeV2Gauntlet · Arbitrum · $845K $845K844.76K USDC 1.98% 3.86% 0% $617K
Gauntlet USDC CoreGauntlet · Arbitrum · $774K $774K774.46K USDC 1.87% 3.42% 10% $665K
Gauntlet USDC PrimeGauntlet · Arbitrum · $463K $463K463.14K USDC 1.93% 3.41% 10% $362K
Hyperithm USDC ApexHyperithm · Arbitrum · $394K $394K394.06K USDC 2.50% 3.17% 10% $257K
Gauntlet USDC BalancedV2Gauntlet · Arbitrum · $374K $374K374.35K USDC 1.97% 3.88% 0% $191K
KPK USDC YieldV2KPK · Arbitrum · $54.0K $54.0K53.97K USDC 2.06% 3.67% 0% $5.4K

Largest markets on Arbitrum

The top 15 of 15 by supply

All markets →
Largest Morpho markets on Arbitrum
Market Supplied Supply APY Borrowed Borrow APY Utilization
PT-USDai-15OCT2026 / USDCArbitrum · LLTV 91.5% $2.74M2.74M USDC 4.86% $2.39M$2.75M collateral 5.58% 87.4%
WBTC / USDCArbitrum · LLTV 86% $2.66M2.66M USDC 1.99% $1.80M$4.38M collateral 2.96% 67.6%
wstETH / USDCArbitrum · LLTV 86% $1.49M1.49M USDC 1.95% $988K$2.22M collateral 2.95% 66.4%
WBTC / USDT0Arbitrum · LLTV 86% $1.20M1.20M USDT0 2.05% $833K$1.78M collateral 2.97% 69.4%
sUSDS / USDT0Arbitrum · LLTV 94.5% $231K231.41K USDT0 1.87% $151K$182K collateral 2.87% 65.4%
sUSDS / USDCArbitrum · LLTV 94.5% $224K223.86K USDC 2.59% $202K$223K collateral 2.88% 90.2%
WETH / USDCArbitrum · LLTV 86% $164K163.53K USDC 2.38% $129K$350K collateral 3.03% 79.0%
XAUt0 / USDCArbitrum · LLTV 77% $144K143.85K USDC 1.97% $96.7K$183K collateral 2.95% 67.2%
sUSDai / USDCArbitrum · LLTV 91.5% $132K131.74K USDC 4.39% $116K$135K collateral 5.00% 88.1%
wstETH / USDT0Arbitrum · LLTV 86% $77.7K77.73K USDT0 2.21% $57.5K$140K collateral 3.00% 73.9%
WETH / USDT0Arbitrum · LLTV 86% $74.4K74.45K USDT0 2.10% $52.8K$138K collateral 2.98% 70.9%
syrupUSDC / USDCArbitrum · LLTV 91.5% $49.3K49.32K USDC 2.27% $35.3K$45.4K collateral 3.19% 71.6%
XAUt0 / USDT0Arbitrum · LLTV 77% $28.3K28.34K USDT0 1.80% $18.1K$42.3K collateral 2.84% 63.9%
weETH / USDT0Arbitrum · LLTV 86% $24.5K24.47K USDT0 1.73% $14.5K$36.4K collateral 2.93% 59.4%
syrupUSDC / USDT0Arbitrum · LLTV 91.5% $7.1K7.05K USDT0 0.06% $1.0K$1.2K collateral 0.42% 14.4%

Morpho on Arbitrum: quick answers

How big is Morpho on Arbitrum?

$9.24M is supplied and $6.89M borrowed across 15 markets listed in the Morpho app on Arbitrum, and 9 vaults hold $10.69M.

What is the best vault yield on Morpho Arbitrum?

Among vaults with at least $1M deposited, Steakhouse High Yield USDC pays the most right now: 4.37% net APY. The largest vault, Bitget x Steakhouse USDT, pays 0.94%.

Where is borrowing cheapest on Morpho Arbitrum?

USDC against wstETH costs 2.95% a year, the lowest among markets with at least $250K available to borrow.

What is the largest Morpho market on Arbitrum?

PT-USDai-15OCT2026 / USDC with $2.74M supplied. Borrowers there pay 5.58% and lenders earn 4.86%.

Other networks: Ethereum, Base, Robinhood Chain, Arc, Monad, HyperEVM, Katana, Stable. Or compare them all on the networks page.