MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against KuCoin−0.008%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2042.037% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.008%, 7d avg −0.024%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MORPHOUSDTM	2.6237	0.0100	pay 0.0050% / 4h	2h 30m	$595K	$255K	50x
Short	BingX MORPHO-USDT	2.6235	0.0100	get 0.0050% / 4h	2h 30m	—	$1.4M	—

Funding history

latest

Range statsloading…

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.008%Rate

Slippage from KuCoin: live order book, 8 min ago; BingX: live order book, 7 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 8 min ago	10.32 bp	67.2 bp −$67	173.2 bp −$1,732	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	2.29 bp	19.0 bp −$19	42.5 bp −$425	225.6 bp −$22.6K	600.1 bp −$300.0K

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	−0.1909%	1h	2.6241	+0.015%	$80K	$128K	20x	as long as short
01 Exchange MORPHOUSD	−0.0496%	1h	2.6225	−0.046%	$862	$11K	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0360%	1h	2.6235	−0.008%	$11K	$785	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0232%	1h	2.6299	+0.236%	$75K	$42K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0150%	4h	2.6217	−0.076%	$10K	$34K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0130%	1h	2.6228	−0.034%	$24K	$1.8M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0048%	4h	2.6229	−0.031%	$32K	$142K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6229	−0.032%	$16	—	10x	as long as short
Phoenix MORPHO	+0.0030%	1h	2.6271	+0.130%	$43K	$426K	5x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.736%	$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	+0.0074%	4h	2.6241	+0.015%	$765K	$505K	50x	as long as short
Variational Omni MORPHO	+0.0092%	4h	2.6221	−0.061%	$625K	$913K	—	as long as short
Lighter MORPHO	+0.0096%	1h	2.6261	+0.091%	$315K	$319K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6205	−0.122%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6294	+0.217%	$6.2M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6231	−0.022%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6238	+0.003%	$15.8M	$25.2M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6225	−0.046%	$8.3M	$9.3M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6262	+0.095%	$3.2M	$4.3M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6232	−0.019%	$5.5M	$886K	100x	as long as short
KuCoin MORPHOUSDTMlong	+0.0100%	4h	2.6237	long leg	$595K	$255K	50x
Bitget MORPHOUSDT	+0.0100%	4h	2.6242	+0.019%	$2.9M	$1.7M	75x	as long as short
BingX MORPHO-USDTshort	+0.0100%	4h	2.6235	−0.008%	—	$1.4M	—
SoDEX MORPHO-USD	+0.0100%	1h	2.6242	+0.019%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6214	−0.088%	$101K	$355K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6240	+0.013%	$1K	—	100x	as long as short