MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+15.7853%/8h= +17284.9% APRnext payment +$197.32 per $10,000 · paid last 24h +15.866%

Price spread now: GMX against 01 Exchange+0.360%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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 +$4,736 a day on $10k at the current rate, and GMX is 0.360% dearer against 01 Exchange than usual: you sell high and buy low: +$36 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	01 Exchange MORPHOUSD	2.5898	−0.1024	get 0.0128% / 1h	50m 49s	$851	$9K	5x
Short	GMX MORPHO/USD [ETH-USDC]	2.5991	L +0.0186% / S −15.6829%	get 1.9604% / 1h	50m 49s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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 01 ExchangebpFee GMXbpOrdersPrice spread, now +0.360%Rate

Funding earned: $33,149.21
Price spread: +0.360% → 0.000%: $36.05
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $33,166.26
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

01 Exchange 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
Deribit MORPHO_USDC-PERPETUAL	−0.1749%	1h	2.5967	+0.266%	$11K	$2K	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.1374%	1h	2.5965	+0.259%	$81K	$137K	20x	as long as short
01 Exchange MORPHOUSDlong	−0.1024%	1h	2.5898	long leg	$851	$9K	5x
Coinbase International MORPHO-PERP-INTX	−0.0432%	1h	2.5819	−0.305%	$72K	$40K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0329%	1h	2.5977	+0.305%	$27K	$1.5M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0294%	4h	2.5958	+0.232%	$30K	$134K	10x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.5974	+0.293%	$639K	$241K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0128%	4h	2.5961	+0.243%	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0092%	1h	2.5977	+0.305%	$33K	$339K	5x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.5957	+0.228%	$16	—	10x	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	+2.054%	$37	$242K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6012	+0.441%	$313K	$294K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.5948	+0.195%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6044	+0.564%	$5.9M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6020	+0.471%	$58K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.5986	+0.340%	$15.8M	$24.5M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.5981	+0.320%	$8.0M	$8.6M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6026	+0.494%	$3.2M	$4.1M	20x	as long as short
Gate MORPHO_USDT	+0.0100%	4h	2.5994	+0.371%	$766K	$508K	50x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.5978	+0.309%	$6.2M	$895K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6018	+0.463%	$590K	$256K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.5995	+0.375%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5983	+0.328%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.5961	+0.242%	$618K	$677K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.5959	+0.236%	$21K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.5976	+0.302%	$100K	$342K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]short	L +0.0186% / S −15.6829%	1h	2.5991	+0.360%	$1K	—	100x