MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Binance against Extended−0.003%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$680.684% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days+0.226%+$23 · spread now −0.003%, 7d avg +0.014%

Together, before fees+0.219%+ Points / potential airdropExtended: Active · farm board+$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MORPHO-USD	2.6259	0.0104	pay 0.0013% / 1h	10m 59s	$101K	$355K	10x
Short	Binance MORPHOUSDT	2.6259	0.0100	get 0.0050% / 4h	2h 10m	$15.9M	$25.4M	75x

Funding history

latest

Range statsloading…

Binance against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee ExtendedbpFee BinancebpOrdersPrice spread, now −0.003%Rate

Slippage from Extended: live order book, 56 min ago; Binance: live order book, 15 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 56 min ago	3.19 bp	23.5 bp −$23	237.2 bp −$2,372	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.38 bp	5.4 bp −$5	26.8 bp −$268	doesn't fit	doesn't fit

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	−0.1908%	1h	2.6254	−0.019%	$80K	$128K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0587%	1h	2.6270	+0.040%	$11K	$785	10x	as long as short
01 Exchange MORPHOUSD	−0.0440%	1h	2.6242	−0.067%	$862	$9K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0232%	1h	2.6379	+0.455%	$76K	$42K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0151%	4h	2.6261	+0.006%	$10K	$34K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0106%	1h	2.6254	−0.021%	$28K	$1.8M	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6247	−0.048%	$16	—	10x	as long as short
GRVT MORPHO_USDT_Perp	+0.0012%	4h	2.6265	+0.020%	$32K	$142K	10x	as long as short
Phoenix MORPHO	+0.0030%	1h	2.6291	+0.120%	$43K	$426K	5x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.649%	$37	$242K	5.5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDT	+0.0072%	4h	2.6273	+0.051%	$765K	$507K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6309	+0.187%	$315K	$319K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6261	+0.004%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6323	+0.242%	$6.2M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6274	+0.056%	$57K	$30K	20x	as long as short
Binance MORPHOUSDTshort	+0.0100%	4h	2.6259	−0.003%	$15.9M	$25.4M	75x
Bybit MORPHOUSDT	+0.0100%	4h	2.6262	+0.010%	$8.3M	$9.3M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6268	+0.032%	$3.2M	$4.3M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6281	+0.082%	$5.6M	$915K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6284	+0.093%	$597K	$252K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6279	+0.074%	$2.9M	$1.7M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6277	+0.067%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6255	−0.016%	$626K	$912K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6270	+0.040%	$22K	$4K	5x	as long as short
Extended MORPHO-USDlong	+0.0104%	1h	2.6259	long leg	$101K	$355K	10x
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6276	+0.063%	$1K	—	100x	as long as short