MORPHO

Alert

Funding spread now, next payment 16:00 UTC−0.0193%/8h

paid, last 24h+0.142%paid, last 5 days+0.042%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.042% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MORPHOUSDT	2.7504	0.0100	pay 0.0050% / 4h	10m 40s	$60K	$34K	20x
Short	Kraken Futures PF_MORPHOUSD	2.7487	−0.0093	pay 0.0012% / 1h	10m 40s	$99K	$188K	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Kraken FuturesbpOrdersRate

Funding earned: −$40.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$58.48
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Kraken Futures: live order book, 38 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.064%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 38 min ago	24.24 bp	58.5 bp −$58	155.5 bp −$1,555	doesn't fit	doesn't fit

Aster: 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 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange MORPHOUSD	−0.1128%	1h	$901	$8K	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0876%	1h	$11K	$443	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0374%	1h	$31K	$3.0M	5x	as long as short
Gate MORPHO_USDT	−0.0294%	4h	$775K	$599K	50x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	$691K	$250K	20x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0144%	1h	$80K	$53K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0110%	4h	$11K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0106%	4h	$9.1M	$11.3M	25x	as long as short
Kraken Futures PF_MORPHOUSDshort	−0.0093%	1h	$99K	$188K	20x
Phoenix MORPHO	−0.0029%	1h	$35K	$560K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$85K	5.5x	as long as short
Variational Omni MORPHO	+0.0073%	4h	$670K	$1.4M	—	as long as short
Lighter MORPHO	+0.0096%	1h	$322K	$503K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.7M	$8.1M	5x	as long as short
Aster MORPHOUSDTlong	+0.0100%	4h	$60K	$34K	20x
Binance MORPHOUSDT	+0.0100%	4h	$16.9M	$30.9M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.3M	$5.8M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	$4.9M	$1.3M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$666K	$377K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	$103K	$310K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short