MORPHO

Alert

Funding spread now, next payment 18:00 UTC+0.0148%/8h

paid, last 24h+0.037%paid, last 7 days+0.076%to open and close $10k−$62

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MORPHOUSDT	2.7229	−0.0048	get 0.0024% / 4h	2h 50m	$9.0M	$10.8M	25x
Short	Hyperliquid MORPHO	2.7286	0.0100	get 0.0013% / 1h	50m 17s	$6.6M	$7.8M	5x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee BybitbpFee HyperliquidbpOrdersRate

Slippage from Bybit: live order book, 4 min ago; Hyperliquid: 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 Bybit live order book, 4 min ago	3.68 bp	17.3 bp −$17	68.4 bp −$684	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	1.28 bp	11.2 bp −$11	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange MORPHOUSD	−0.1088%	1h	$893	$10K	5x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0919%	1h	$94K	$181K	20x	as long as short
Gate MORPHO_USDT	−0.0528%	4h	$767K	$538K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0509%	1h	$27K	$2.8M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0336%	1h	$79K	$49K	25x	as long as short
BloFin MORPHO-USDT	−0.0232%	4h	$676K	$223K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0164%	4h	$11K	$34K	10x	as long as short
Phoenix MORPHO	−0.0059%	1h	$35K	$517K	5x	as long as short
Bybit MORPHOUSDTlong	−0.0048%	4h	$9.0M	$10.8M	25x
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	0.0000%	1h	$11K	$443	10x	as long as short
Extended MORPHO-USD	+0.0008%	1h	$102K	$304K	10x	as long as short
MEXC MORPHO_USDT	+0.0008%	4h	$4.9M	$1.2M	100x	as long as short
Binance MORPHOUSDT	+0.0009%	4h	$16.7M	$29.1M	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	$320K	$364K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHOshort	+0.0100%	1h	$6.6M	$7.8M	5x
Aster MORPHOUSDT	+0.0100%	4h	$60K	$32K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.2M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$659K	$360K	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	$664K	$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