MORPHO

Alert

Funding spread now, next payment 20:00 UTC+0.0255%/8h

next payment, per $10,000+$1.28paid, last 24h+0.030%paid, last 5 days−0.499%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MORPHO-USDT	2.7085	−0.0155	get 0.0078% / 4h	2h 37m	$675K	$222K	20x
Short	Aster MORPHOUSDT	2.7098	0.0100	get 0.0050% / 4h	2h 37m	$59K	$32K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee AsterbpOrdersRate

Funding earned: $53.65
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $33.65
Break-even: 2.6 days

Slippage unknown: BloFin: live order book, 61 min ago; Aster: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.048%
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 BloFin live order book, 61 min ago	0.55 bp	17.2 bp −$17	30.7 bp −$307	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	−0.0968%	1h	$890	$11K	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0929%	1h	$11K	$443	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0922%	1h	$93K	$174K	20x	as long as short
Gate MORPHO_USDT	−0.0546%	4h	$765K	$540K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0434%	1h	$27K	$2.8M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0336%	1h	$79K	$49K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0180%	4h	$10K	$34K	10x	as long as short
BloFin MORPHO-USDTlong	−0.0155%	4h	$675K	$222K	20x
Bybit MORPHOUSDT	−0.0104%	4h	$9.0M	$10.7M	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
Extended MORPHO-USD	−0.0008%	1h	$102K	$304K	10x	as long as short
Binance MORPHOUSDT	−0.0008%	4h	$16.7M	$28.9M	75x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short
MEXC MORPHO_USDT	−0.0004%	4h	$4.8M	$1.2M	100x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$319K	$364K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.6M	$7.8M	5x	as long as short
Aster MORPHOUSDTshort	+0.0100%	4h	$59K	$32K	20x
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.1M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$656K	$357K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.3M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$662K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short