MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1457%/8h= −159.5% APRnext payment −$1.82 per $10,000 · paid last 24h −0.188%

Price spread now: 01 Exchange against GMX−0.444%7-day average — · you buy dearer than you sell

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

Long on GMX Short on 01 Exchange

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 against this trade now: funding costs −$44 a day on $10k at the current rate, and 01 Exchange is 0.444% cheaper against GMX than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MORPHO/USD [ETH-USDC]	2.6664	L +0.0193% / S −16.5420%	pay 0.0024% / 1h	55m 58s	$1K	—	100x
Short	01 Exchange MORPHOUSD	2.6546	−0.1264	pay 0.0158% / 1h	55m 58s	$872	$12K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against GMX. 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 GMXbpFee 01 ExchangebpOrdersPrice spread, now −0.444%Rate

Funding earned: −$305.91
Price spread: −0.444% → 0.000%: −$44.36
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$369.27
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 01 Exchange: 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 GMX no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

GMX and 01 Exchange: 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	−0.2048%	1h	2.6617	−0.179%	$84K	$147K	20x	as long as short
01 Exchange MORPHOUSDshort	−0.1264%	1h	2.6546	−0.444%	$872	$12K	5x
Deribit MORPHO_USDC-PERPETUAL	−0.1212%	1h	2.6643	−0.080%	$10K	$623	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0703%	1h	2.6631	−0.125%	$25K	$2.0M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0532%	4h	2.6764	+0.374%	$41K	$151K	10x	as long as short
Bybit MORPHOUSDT	−0.0415%	4h	2.6670	+0.021%	$8.8M	$10.0M	25x	as long as short
Injective MORPHO/USDC PERP	−0.0385%	1h	2.7020	+1.334%	$38	$123K	5.5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0296%	1h	2.6813	+0.558%	$77K	$46K	25x	as long as short
Gate MORPHO_USDT	−0.0264%	4h	2.6660	−0.016%	$761K	$517K	50x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6671	+0.025%	$654K	$205K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MORPHO_USDC	−0.0199%	4h	2.6632	−0.121%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6640	−0.092%	$16	—	10x	as long as short
Phoenix MORPHO	+0.0059%	1h	2.6824	+0.599%	$34K	$470K	5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6684	+0.075%	$318K	$335K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6623	−0.155%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6699	+0.129%	$6.3M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6695	+0.114%	$58K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6631	−0.126%	$16.3M	$26.8M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6674	+0.036%	$3.2M	$4.6M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6630	−0.129%	$5.4M	$1.1M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6666	+0.006%	$601K	$270K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6650	−0.054%	$2.9M	$2.0M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6655	−0.035%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6815	+0.567%	$651K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6639	−0.095%	$22K	$3K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6624	−0.150%	$104K	$301K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]long	L +0.0193% / S −16.5420%	1h	2.6664	long leg	$1K	—	100x