MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+15.8494%/8h= +17355.1% APRnext payment +$198.12 per $10,000 · paid last 24h +9.901%

Price spread now: GMX against Kraken Futures+0.153%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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 +$4,755 a day on $10k at the current rate, and GMX is 0.153% dearer against Kraken Futures than usual: you sell high and buy low: +$15 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	Kraken Futures PF_MORPHOUSD	2.6031	−0.1664	get 0.0208% / 1h	1m 04s	$81K	$127K	20x
Short	GMX MORPHO/USD [ETH-USDC]	2.6071	L +0.0186% / S −15.6829%	get 1.9604% / 1h	1m 04s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.153%Rate

Funding earned: $33,283.68
Price spread: +0.153% → 0.000%: $15.35
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $33,277.03
Costs to cover: 0.220%
Break-even: 0.0 days

Slippage unknown: Kraken Futures: live order book, 56 min ago; 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 Kraken Futures live order book, 56 min ago	15.69 bp	24.3 bp −$24	3717.3 bp −$37.2K	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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_MORPHOUSDlong	−0.1664%	1h	2.6031	long leg	$81K	$127K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.1245%	1h	2.6044	+0.050%	$11K	$1K	10x	as long as short
01 Exchange MORPHOUSD	−0.1024%	1h	2.6012	−0.073%	$855	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0288%	4h	2.6054	+0.088%	$34K	$140K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0224%	1h	2.6092	+0.234%	$75K	$41K	25x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6039	+0.031%	$637K	$241K	20x	as long as short
Polymarket Perps MORPHO-USD	−0.0155%	1h	2.6077	+0.177%	$25K	$1.6M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0140%	4h	2.6041	+0.038%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.6057	+0.099%	$16	—	10x	as long as short
Phoenix MORPHO	0.0000%	1h	2.6073	+0.161%	$43K	$370K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+1.533%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0044%	4h	2.6057	+0.100%	$763K	$483K	50x	as long as short
Bybit MORPHOUSDT	+0.0082%	4h	2.6067	+0.138%	$8.1M	$8.6M	25x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6090	+0.225%	$313K	$309K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6067	+0.138%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6104	+0.280%	$6.1M	$6.8M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6081	+0.192%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6062	+0.119%	$15.8M	$24.6M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6082	+0.196%	$3.2M	$4.1M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6050	+0.073%	$5.9M	$835K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6081	+0.192%	$595K	$252K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6066	+0.134%	$2.8M	$1.7M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6064	+0.127%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6060	+0.113%	$621K	$675K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6048	+0.065%	$21K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6040	+0.033%	$100K	$348K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]short	L +0.0186% / S −15.6829%	1h	2.6071	+0.153%	$1K	—	100x