MORPHO

Alert

Funding spread now, next payment 20:00 UTC−0.0020%/8h

next payment, per $10,000−$0.10paid, last 24h0.000%paid, last 3 days−0.032%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MORPHOUSDT	2.6742	0.0100	pay 0.0050% / 4h	2h 00m	$58K	$31K	20x
Short	Variational Omni MORPHO	2.6732	0.0080	get 0.0040% / 4h	2h 00m	$652K	$1.4M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Variational OmnibpOrdersRate

Funding earned: −$4.28
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.28
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.037%
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 Variational Omni RFQ quote, 5 min ago	6.49 bp	doesn't fit	66.3 bp −$663	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
Deribit MORPHO_USDC-PERPETUAL	−0.1131%	1h	$10K	$745	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0935%	1h	$84K	$167K	20x	as long as short
01 Exchange MORPHOUSD	−0.0872%	1h	$877	$11K	5x	as long as short
Gate MORPHO_USDT	−0.0664%	4h	$766K	$550K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0472%	1h	$27K	$2.7M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0336%	1h	$77K	$47K	25x	as long as short
BloFin MORPHO-USDT	−0.0231%	4h	$668K	$205K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0203%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0154%	4h	$8.8M	$10.3M	25x	as long as short
Phoenix MORPHO	−0.0059%	1h	$34K	$517K	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
Extended MORPHO-USD	+0.0008%	1h	$101K	$304K	10x	as long as short
MEXC MORPHO_USDT	+0.0008%	4h	$4.8M	$1.2M	100x	as long as short
Binance MORPHOUSDT	+0.0013%	4h	$16.5M	$27.5M	75x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Variational Omni MORPHOshort	+0.0080%	4h	$652K	$1.4M	—
Lighter MORPHO	+0.0096%	1h	$315K	$367K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.4M	$7.1M	5x	as long as short
Aster MORPHOUSDTlong	+0.0100%	4h	$58K	$31K	20x
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$595K	$346K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$2.9M	$2.1M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$22K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short