MORPHO

Alert

Funding spread now, next payment 20:00 UTC+0.1072%/8h

paid, last 24h+0.231%paid, last 3 days+0.488%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MORPHO_USDC-PERPETUAL	2.6974	−0.0972	get 0.0121% / 1h	58m 47s	$11K	$745	10x
Short	BingX MORPHO-USDT	2.6964	0.0100	get 0.0050% / 4h	58m 47s	—	$1.5M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BingXbpOrdersRate

Funding earned: $225.1
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $208.1
Break-even: 0.5 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 10 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.037%
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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	2.41 bp	15.7 bp −$16	35.4 bp −$354	236.0 bp −$23.6K	645.4 bp −$322.7K

Deribit: 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
Kraken Futures PF_MORPHOUSD	−0.1658%	1h	$85K	$164K	20x	as long as short
Deribit MORPHO_USDC-PERPETUALlong	−0.0972%	1h	$11K	$745	10x
Polymarket Perps MORPHO-USD	−0.0612%	1h	$24K	$2.2M	5x	as long as short
01 Exchange MORPHOUSD	−0.0480%	1h	$885	$12K	5x	as long as short
Gate MORPHO_USDT	−0.0378%	4h	$778K	$529K	50x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0328%	1h	$78K	$47K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0210%	4h	$10K	$34K	10x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	$667K	$209K	20x	as long as short
Injective MORPHO/USDC PERP	−0.0114%	1h	$37	$39K	5.5x	as long as short
Bybit MORPHOUSDT	−0.0078%	4h	$8.9M	$10.2M	25x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phoenix MORPHO	−0.0030%	1h	$35K	$473K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short
Lighter MORPHO	+0.0096%	1h	$321K	$356K	5x	as long as short
Variational Omni MORPHO	+0.0097%	4h	$654K	$1.4M	—	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$59K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	$16.6M	$27.0M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	$5.1M	$1.1M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$602K	$315K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.0M	75x	as long as short
BingX MORPHO-USDTshort	+0.0100%	4h	—	$1.5M	—
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	$101K	$304K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0193% / S −0.0879%	1h	$2K	—	100x	as long as short
Hyperliquid MORPHO	+0.0659%	1h	$6.4M	$7.1M	5x	as long as short