MORPHO

Alert

Funding spread now, next payment 16:00 UTC−0.0004%/8h

paid, last 24h−0.001%paid, last 7 days−0.009%to open and close $10k−$74

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MORPHO-USD	2.7376	0.0104	pay 0.0013% / 1h	16m 18s	$103K	$310K	10x
Short	Binance MORPHOUSDT	2.7382	0.0100	get 0.0050% / 4h	16m 18s	$16.9M	$31.0M	75x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee ExtendedbpFee BinancebpOrdersRate

Slippage from Extended: live order book, 33 min ago; Binance: live order book, 12 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 Extended live order book, 33 min ago	2.72 bp	20.9 bp −$21	238.8 bp −$2,388	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.73 bp	16.2 bp −$16	43.0 bp −$430	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	−0.1208%	1h	$11K	$443	10x	as long as short
01 Exchange MORPHOUSD	−0.1136%	1h	$898	$8K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0381%	1h	$31K	$3.0M	5x	as long as short
Gate MORPHO_USDT	−0.0316%	4h	$772K	$599K	50x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	$688K	$249K	20x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0144%	1h	$80K	$53K	25x	as long as short
Bybit MORPHOUSDT	−0.0122%	4h	$9.1M	$11.3M	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0110%	4h	$11K	$34K	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0093%	1h	$99K	$188K	20x	as long as short
Phoenix MORPHO	−0.0029%	1h	$35K	$560K	5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$85K	5.5x	as long as short
Variational Omni MORPHO	+0.0073%	4h	$669K	$1.4M	—	as long as short
Lighter MORPHO	+0.0096%	1h	$321K	$503K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.7M	$8.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
Binance MORPHOUSDTshort	+0.0100%	4h	$16.9M	$31.0M	75x
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.8M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	$4.9M	$1.3M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$663K	$378K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Extended MORPHO-USDlong	+0.0104%	1h	$103K	$310K	10x
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short