MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.101%

Price spread now: Injective against Coinbase International+0.011%64s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.954%+$95 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.954%, so the current rate has only just turned against you. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MORPHO-PERP-INTX	2.6427	−0.0312	get 0.0039% / 1h	31m 25s	$76K	$43K	25x
Short	Injective MORPHO/USDC PERP	2.6430	−0.0337	pay 0.0042% / 1h	31m 25s	$37	$242K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$5.27
Price spread: +0.011% → 0.000%: $1.14
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$14.16
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Injective: no order-book sample. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Coinbase International and Injective: 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 27 venues

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	−0.1860%	1h	2.6388	−0.149%	$82K	$154K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1415%	1h	2.6386	−0.155%	$11K	$812	10x	as long as short
01 Exchange MORPHOUSD	−0.1200%	1h	2.6327	−0.378%	$865	$13K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0706%	1h	2.6389	−0.144%	$24K	$1.8M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0614%	4h	2.6383	−0.166%	$29K	$146K	10x	as long as short
Bybit MORPHOUSDT	−0.0597%	4h	2.6401	−0.098%	$8.5M	$9.4M	25x	as long as short
Injective MORPHO/USDC PERPshort	−0.0337%	1h	2.6430	+0.011%	$37	$242K	5.5x
Coinbase International MORPHO-PERP-INTXlong	−0.0312%	1h	2.6427	long leg	$76K	$43K	25x
BloFin MORPHO-USDT	−0.0189%	4h	2.6369	−0.219%	$641K	$244K	20x	as long as short
Gate MORPHO_USDT	−0.0170%	4h	2.6396	−0.117%	$767K	$533K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MORPHO_USDC	−0.0152%	4h	2.6378	−0.185%	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0090%	1h	2.6435	+0.030%	$34K	$484K	5x	as long as short
Variational Omni MORPHO	−0.0086%	4h	2.6397	−0.114%	$628K	$1.2M	—	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6376	−0.191%	$16	—	10x	as long as short
Extended MORPHO-USD	+0.0048%	1h	2.6395	−0.123%	$103K	$301K	10x	as long as short
Binance MORPHOUSDT	+0.0048%	4h	2.6395	−0.121%	$16.1M	$25.9M	75x	as long as short
MEXC MORPHO_USDT	+0.0050%	4h	2.6377	−0.189%	$5.4M	$1.1M	100x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6438	+0.040%	$315K	$334K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6392	−0.131%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6441	+0.053%	$6.2M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6404	−0.087%	$57K	$31K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6381	−0.174%	$3.2M	$4.4M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6398	−0.110%	$590K	$270K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6400	−0.102%	$2.9M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6390	−0.140%	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6377	−0.189%	$22K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0188% / S −12.8197%	1h	2.6422	−0.019%	$1K	—	100x	as long as short