MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+12.8201%/8h= +14038.0% APRnext payment +$160.25 per $10,000 · paid last 24h +5.826%

Price spread now: GMX against Reya+0.108%7-day average — · you sell dearer than you buy

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

Long on Reya 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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3,846 a day on $10k at the current rate, and GMX is 0.108% dearer against Reya than usual: you sell high and buy low: +$11 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	Reya MORPHORUSDPERP	2.6430	−0.0004	get 0.0001% / 1h	11m 38s	$16	—	10x
Short	GMX MORPHO/USD [ETH-USDC]	2.6458	L +0.0188% / S −12.8197%	get 1.6025% / 1h	11m 38s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $26,922.22
Price spread: +0.108% → 0.000%: $10.78
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $26,915
Costs to cover: 0.180%
Break-even: 0.0 days

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

Reya and 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_MORPHOUSD	−0.1858%	1h	2.6413	−0.064%	$81K	$151K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1224%	1h	2.6426	−0.015%	$11K	$812	10x	as long as short
01 Exchange MORPHOUSD	−0.1168%	1h	2.6362	−0.257%	$866	$13K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0700%	1h	2.6428	−0.007%	$24K	$1.7M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0564%	4h	2.6426	−0.014%	$29K	$134K	10x	as long as short
Bybit MORPHOUSDT	−0.0437%	4h	2.6428	−0.007%	$8.5M	$9.3M	25x	as long as short
Injective MORPHO/USDC PERP	−0.0337%	1h	2.6430	0.000%	$37	$242K	5.5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0312%	1h	2.6469	+0.148%	$76K	$43K	25x	as long as short
BloFin MORPHO-USDT	−0.0207%	4h	2.6438	+0.031%	$639K	$249K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0146%	4h	2.6428	−0.007%	$10K	$34K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDT	−0.0130%	4h	2.6416	−0.053%	$767K	$533K	50x	as long as short
Phoenix MORPHO	−0.0090%	1h	2.6439	+0.034%	$43K	$484K	5x	as long as short
Variational Omni MORPHO	−0.0062%	4h	2.6437	+0.026%	$629K	$1.2M	—	as long as short
Reya MORPHORUSDPERPlong	−0.0004%	1h	2.6430	long leg	$16	—	10x
MEXC MORPHO_USDT	+0.0030%	4h	2.6420	−0.037%	$5.4M	$1.1M	100x	as long as short
Binance MORPHOUSDT	+0.0031%	4h	2.6419	−0.042%	$16.1M	$25.8M	75x	as long as short
Extended MORPHO-USD	+0.0032%	1h	2.6412	−0.069%	$103K	$301K	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6458	+0.107%	$315K	$334K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6415	−0.058%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6487	+0.216%	$6.2M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6421	−0.032%	$58K	$31K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6440	+0.038%	$3.2M	$4.4M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6450	+0.076%	$591K	$269K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6430	0.000%	$2.9M	$1.9M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6430	0.000%	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6426	−0.015%	$22K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]short	L +0.0188% / S −12.8197%	1h	2.6458	+0.108%	$1K	—	100x