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 −0.029%

Price spread now: Bybit against MEXC+0.110%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.504% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days+0.005%$0 · spread now +0.110%, 7d avg +0.092%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MORPHO_USDT	2.6265	0.0100	pay 0.0050% / 4h	1h 18m	$5.8M	$841K	100x
Short	Bybit MORPHOUSDT	2.6294	0.0100	get 0.0050% / 4h	1h 18m	$8.3M	$9.3M	25x

Funding history

latest

Range statsloading…

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.110%Rate

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 4 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	0.57 bp	6.4 bp −$6	49.4 bp −$494	151.1 bp −$15.1K	doesn't fit
Sell Bybit live order book, 4 min ago	1.90 bp	17.7 bp −$18	69.9 bp −$699	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	−0.1670%	1h	2.6243	−0.084%	$82K	$127K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1042%	1h	2.6278	+0.049%	$11K	$759	10x	as long as short
01 Exchange MORPHOUSD	−0.0656%	1h	2.6262	−0.011%	$863	$9K	5x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6264	−0.004%	$637K	$243K	20x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0192%	1h	2.6345	+0.305%	$75K	$42K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0157%	4h	2.6278	+0.049%	$10K	$34K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0153%	1h	2.6298	+0.126%	$25K	$1.7M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0130%	4h	2.6293	+0.105%	$32K	$142K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.6298	+0.124%	$16	—	10x	as long as short
Phoenix MORPHO	0.0000%	1h	2.6313	+0.183%	$43K	$392K	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	+0.628%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0044%	4h	2.6290	+0.095%	$757K	$504K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6302	+0.140%	$315K	$308K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6286	+0.080%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6328	+0.240%	$6.2M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6291	+0.098%	$58K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6265	0.000%	$15.8M	$25.3M	75x	as long as short
Bybit MORPHOUSDTshort	+0.0100%	4h	2.6294	+0.110%	$8.3M	$9.3M	25x
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6298	+0.126%	$3.2M	$4.3M	20x	as long as short
MEXC MORPHO_USDTlong	+0.0100%	4h	2.6265	long leg	$5.8M	$841K	100x
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6319	+0.206%	$598K	$251K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6291	+0.099%	$2.8M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6311	+0.175%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6345	+0.305%	$628K	$848K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6270	+0.019%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6260	−0.020%	$101K	$353K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6316	+0.194%	$1K	—	100x	as long as short