MORPHO

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowMORPHO-USDC	2.0936	−0.0285	get 0.0036% / 1h	20m 31s	$186K	$137K	25x	Long TxFlow5% off
SHORT	LighterMORPHO	2.0976	+0.0096	get 0.0012% / 1h	20m 31s	$318K	$164K	5x	Short Lighter7d free

Price gap+0.189%

Funding gap+0.0381% /8h

Funding trade: +$11 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$54+0.0381% /8h now · paid +0.545% over the last 7D

Price−$1spread +0.189% now, avg +0.203% → −0.013% if it goes back

Costs−$430.432% of $10k · taker + slippage, in and out

Result+$10+0.10%+ Points / potential airdropTxFlow: points · Lighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.189%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MORPHO on 25 exchanges

lowest funding first

Before you open

4 ok · 1 to watch

OK: Fits both order books11.0 / 4.9 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$400 + $2,000
TxFlow 25x, Lighter 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$11.44Long TxFlow: 24 payments, +$8.56; short Lighter: 24 payments, +$2.88.
Note: Gap at its usual level+0.189% vs +0.203%
The price leg adds little either way.
Watch: Long leg is thinner$186K vs $318K OI
TxFlow sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points · Lighter Season 3
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Lighter No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0259%/8h × 21 periods+$54.48

Price spread+0.189% → +0.203% (7d avg)−$1.34

Slippage, 4 orderslive order books−$34.15

Fee TxFlow bp × 2 orders−$9.00

Fee Lighter bp × 2 orders$0.00

Net · 7 days · $10k+$9.99

Costs to cover0.432%Break-even5.7 days

Slippage: TxFlow: live order book, 34 min ago; Lighter: live order book, 29 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow0.2411.0 bp−$1148.9 bp−$489doesn’t fitdoesn’t fit

SELL · SHORTLighter2.704.9 bp−$529.1 bp−$291doesn’t fitdoesn’t fit

Closing costs about the same again.

MORPHO news

posts that mention MORPHO, from every exchangeSearch all news →

09-18 10:04	Deribit	Listing	🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗
09-17 15:30	Deribit	Listing	🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗