MORPHO

Alert

Funding spread now, next payment 16:00 UTC+0.0196%/8h

paid, last 24h−0.031%paid, last 3 days−0.651%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MORPHO-USDT	2.7456	−0.0200	get 0.0100% / 4h	2m 35s	$689K	$250K	20x
Short	Reya MORPHORUSDPERP	2.7460	−0.0004	pay 0.0001% / 1h	2m 35s	$16	—	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee ReyabpOrdersRate

Funding earned: $41.1
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $23.1
Break-even: 3.1 days

Slippage unknown: BloFin: live order book, 41 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.016%
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, 41 min ago	0.36 bp	22.1 bp −$22	41.4 bp −$414	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.1242%	1h	$11K	$443	10x	as long as short
01 Exchange MORPHOUSD	−0.1112%	1h	$900	$8K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0358%	1h	$28K	$3.0M	5x	as long as short
Gate MORPHO_USDT	−0.0288%	4h	$774K	$600K	50x	as long as short
BloFin MORPHO-USDTlong	−0.0200%	4h	$689K	$250K	20x
Coinbase International MORPHO-PERP-INTX	−0.0144%	1h	$80K	$53K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0114%	4h	$11K	$34K	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0093%	1h	$99K	$188K	20x	as long as short
Bybit MORPHOUSDT	−0.0063%	4h	$9.1M	$11.3M	25x	as long as short
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 MORPHORUSDPERPshort	−0.0004%	1h	$16	—	10x
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$85K	5.5x	as long as short
Variational Omni MORPHO	+0.0083%	4h	$671K	$1.4M	—	as long as short
Lighter MORPHO	+0.0096%	1h	$322K	$503K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.7M	$8.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
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	$667K	$381K	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