MORPHO

Alert

Funding spread now, next payment 18:00 UTC+0.0089%/8h

paid, last 24h+0.028%paid, last 7 days+0.051%to open and close $10k−$58

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MORPHOUSDT	2.6803	0.0011	pay 0.0005% / 4h	2h 23m	$16.5M	$28.6M	75x
Short	Hyperliquid MORPHO	2.6872	0.0100	get 0.0013% / 1h	23m 59s	$6.5M	$7.9M	5x

Funding history

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latest

Position, each leg$Hold fordaysFee BinancebpFee HyperliquidbpOrdersRate

Slippage from Binance: live order book, 4 min ago; Hyperliquid: live order book, 10 min ago.

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

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	0.56 bp	13.9 bp −$14	38.0 bp −$380	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.29 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	−0.0941%	1h	$10K	$745	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0934%	1h	$85K	$178K	20x	as long as short
01 Exchange MORPHOUSD	−0.0888%	1h	$880	$11K	5x	as long as short
Gate MORPHO_USDT	−0.0644%	4h	$765K	$547K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0416%	1h	$33K	$2.7M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0336%	1h	$78K	$48K	25x	as long as short
BloFin MORPHO-USDT	−0.0232%	4h	$670K	$218K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0191%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0111%	4h	$8.8M	$10.6M	25x	as long as short
Phoenix MORPHO	−0.0059%	1h	$35K	$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 MORPHOUSDTlong	+0.0011%	4h	$16.5M	$28.6M	75x
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$315K	$365K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHOshort	+0.0100%	1h	$6.5M	$7.9M	5x
Aster MORPHOUSDT	+0.0100%	4h	$59K	$31K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.0M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$597K	$373K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$2.9M	$2.2M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$660K	$1.4M	—	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