MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+15.7261%/8h= +17220.1% APRnext payment +$196.58 per $10,000 · paid last 24h +15.653%

Price spread now: GMX against Coinbase International+0.074%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4,718 a day on $10k at the current rate, and GMX is 0.074% dearer against Coinbase International than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MORPHO-PERP-INTX	2.5972	−0.0432	get 0.0054% / 1h	3m 43s	$72K	$38K	25x
Short	GMX MORPHO/USD [ETH-USDC]	2.5991	L +0.0186% / S −15.6829%	get 1.9604% / 1h	3m 43s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $33,024.89
Price spread: +0.074% → 0.000%: $7.44
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $33,010.33
Costs to cover: 0.220%
Break-even: 0.0 days

Slippage unknown: Coinbase International: no order-book sample; GMX: no order-book sample. Net counts fees only.

Cost to enter

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Coinbase International and GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MORPHO on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1375%	1h	2.5953	−0.072%	$84K	$135K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1365%	1h	2.5957	−0.058%	$11K	$2K	10x	as long as short
01 Exchange MORPHOUSD	−0.1192%	1h	2.5877	−0.366%	$850	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0496%	4h	2.5990	+0.068%	$30K	$134K	10x	as long as short
Coinbase International MORPHO-PERP-INTXlong	−0.0432%	1h	2.5972	long leg	$72K	$38K	25x
Bybit MORPHOUSDT	−0.0366%	4h	2.5990	+0.069%	$7.9M	$8.6M	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0314%	1h	2.5974	+0.008%	$27K	$1.4M	5x	as long as short
BloFin MORPHO-USDT	−0.0183%	4h	2.5977	+0.019%	$638K	$241K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0158%	4h	2.5966	−0.023%	$10K	$34K	10x	as long as short
Variational Omni MORPHO	−0.0105%	4h	2.5980	+0.033%	$619K	$677K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix MORPHO	−0.0092%	1h	2.6025	+0.204%	$33K	$339K	5x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.5966	−0.024%	$16	—	10x	as long as short
Gate MORPHO_USDT	+0.0010%	4h	2.5977	+0.019%	$761K	$512K	50x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+1.763%	$37	$242K	5.5x	as long as short
Binance MORPHOUSDT	+0.0044%	4h	2.5959	−0.050%	$15.7M	$24.4M	75x	as long as short
MEXC MORPHO_USDT	+0.0052%	4h	2.5971	−0.004%	$6.3M	$904K	100x	as long as short
Extended MORPHO-USD	+0.0056%	1h	2.5953	−0.074%	$99K	$345K	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6011	+0.151%	$313K	$294K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.5944	−0.110%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6016	+0.171%	$5.9M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.5994	+0.083%	$58K	$33K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.5978	+0.023%	$3.2M	$4.2M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.5988	+0.062%	$589K	$260K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.5970	−0.008%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5975	+0.012%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.5971	−0.004%	$21K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]short	L +0.0186% / S −15.6829%	1h	2.5991	+0.074%	$1K	—	100x