MORPHO

Alert

Funding spread now, next payment 20:00 UTC+0.0262%/8h

next payment, per $10,000+$1.31paid, last 24h+0.009%paid, last 7 days+0.042%to open and close $10k−$76

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MORPHOUSDT	2.7062	−0.0162	get 0.0081% / 4h	2h 36m	$8.9M	$10.6M	25x
Short	BingX MORPHO-USDT	2.7051	0.0100	get 0.0050% / 4h	2h 36m	—	$1.5M	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersRate

Funding earned: $55.05
Slippage, 4 orders: −$55.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.4
Break-even: 9.7 days

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 2 min ago.

Price risk

price view

Price gap now: −0.041%
Avg gap 7d: −0.053%

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 Bybit live order book, 3 min ago	3.69 bp	22.4 bp −$22	76.6 bp −$766	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.59 bp	19.1 bp −$19	45.8 bp −$458	248.5 bp −$24.9K	594.1 bp −$297.1K

MORPHO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	−0.1041%	1h	$11K	$443	10x	as long as short
01 Exchange MORPHOUSD	−0.0960%	1h	$887	$11K	5x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0923%	1h	$93K	$175K	20x	as long as short
Gate MORPHO_USDT	−0.0600%	4h	$765K	$540K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0443%	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
Bybit MORPHOUSDTlong	−0.0162%	4h	$8.9M	$10.6M	25x
BloFin MORPHO-USDT	−0.0073%	4h	$675K	$222K	20x	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
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
Binance MORPHOUSDT	−0.0004%	4h	$16.6M	$28.8M	75x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$318K	$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 MORPHOUSDT	+0.0100%	4h	$59K	$32K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.1M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$655K	$357K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.2M	75x	as long as short
BingX MORPHO-USDTshort	+0.0100%	4h	—	$1.5M	—
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