MORPHO

Alert

Funding spread now, next payment 20:00 UTC+0.0001%/8h

next payment, per $10,000+$0.01paid, last 24h0.000%paid, last 7 days0.000%to open and close $10k−$44

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MORPHOUSDT	2.6757	0.0065	pay 0.0032% / 4h	1h 35m	$16.5M	$27.3M	75x
Short	MEXC MORPHO_USDT	2.6760	0.0066	get 0.0033% / 4h	1h 35m	$4.8M	$1.2M	100x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee BinancebpFee MEXCbpOrdersRate

Slippage from Binance: live order book, 7 min ago; MEXC: live order book, 3 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, 7 min ago	0.56 bp	16.5 bp −$17	41.5 bp −$415	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.56 bp	6.2 bp −$6	31.0 bp −$310	184.0 bp −$18.4K	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.2234%	1h	$84K	$165K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0831%	1h	$10K	$745	10x	as long as short
Gate MORPHO_USDT	−0.0608%	4h	$772K	$538K	50x	as long as short
01 Exchange MORPHOUSD	−0.0552%	1h	$879	$12K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$78K	$47K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0320%	1h	$27K	$2.7M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0209%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0173%	4h	$8.8M	$10.3M	25x	as long as short
BloFin MORPHO-USDT	−0.0133%	4h	$666K	$205K	20x	as long as short
Phoenix MORPHO	−0.0030%	1h	$35K	$478K	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	$34K	5.5x	as long as short
Extended MORPHO-USD	+0.0064%	1h	$101K	$304K	10x	as long as short
Binance MORPHOUSDTlong	+0.0065%	4h	$16.5M	$27.3M	75x
MEXC MORPHO_USDTshort	+0.0066%	4h	$4.8M	$1.2M	100x
Lighter MORPHO	+0.0096%	1h	$320K	$364K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Variational Omni MORPHO	+0.0100%	4h	$654K	$1.4M	—	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.4M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$58K	$32K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$599K	$345K	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 +0.0157% / S −0.0698%	1h	$2K	—	100x	as long as short