MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.029%

Price spread now: MEXC against Bybit−0.107%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$480.485% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.107%, 7d avg −0.091%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MORPHOUSDT	2.6114	0.0100	pay 0.0050% / 4h	21m 45s	$8.2M	$8.8M	25x
Short	MEXC MORPHO_USDT	2.6086	0.0100	get 0.0050% / 4h	21m 45s	$5.9M	$832K	100x

Funding history

latest

Range statsloading…

MEXC against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersPrice spread, now −0.107%Rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 1 min ago.

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, 1 min ago	3.83 bp	19.6 bp −$20	73.0 bp −$730	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.19 bp	5.9 bp −$6	34.4 bp −$344	143.8 bp −$14.4K	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1660%	1h	2.6097	−0.067%	$81K	$127K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1127%	1h	2.6104	−0.038%	$11K	$1K	10x	as long as short
01 Exchange MORPHOUSD	−0.0976%	1h	2.6070	−0.168%	$857	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0260%	4h	2.6158	+0.167%	$34K	$140K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0224%	1h	2.6294	+0.689%	$75K	$41K	25x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6098	−0.061%	$635K	$241K	20x	as long as short
Polymarket Perps MORPHO-USD	−0.0174%	1h	2.6127	+0.050%	$25K	$1.6M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0147%	4h	2.6100	−0.054%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.6104	−0.040%	$16	—	10x	as long as short
Phoenix MORPHO	0.0000%	1h	2.6164	+0.191%	$43K	$370K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+1.210%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0038%	4h	2.6138	+0.092%	$765K	$483K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6114	+0.001%	$313K	$309K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6066	−0.184%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6134	+0.077%	$6.1M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6128	+0.053%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6080	−0.132%	$15.8M	$24.9M	75x	as long as short
Bybit MORPHOUSDTlong	+0.0100%	4h	2.6114	long leg	$8.2M	$8.8M	25x
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6107	−0.027%	$3.2M	$4.2M	20x	as long as short
MEXC MORPHO_USDTshort	+0.0100%	4h	2.6086	−0.107%	$5.9M	$832K	100x
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6134	+0.077%	$596K	$252K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6118	+0.015%	$2.8M	$1.7M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6121	+0.027%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6125	+0.043%	$623K	$689K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6102	−0.046%	$21K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6078	−0.139%	$100K	$348K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6123	+0.036%	$1K	—	100x	as long as short