MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: MEXC against Extended+0.027%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$580.577% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days+0.198%+$20 · spread now +0.027%, 7d avg +0.011%

Together, before fees+0.191%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MORPHO-USD	2.6210	0.0104	pay 0.0013% / 1h	2m 38s	$101K	$351K	10x
Short	MEXC MORPHO_USDT	2.6217	0.0100	get 0.0050% / 4h	2h 02m	$5.7M	$974K	100x

Funding history

latest

Range statsloading…

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.027%Rate

Slippage from Extended: live order book, 65 min ago; MEXC: live order book, 5 min ago.

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, 65 min ago	3.19 bp	23.5 bp −$23	237.2 bp −$2,372	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.76 bp	5.6 bp −$6	37.9 bp −$379	194.4 bp −$19.4K	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	−0.1911%	1h	2.6215	+0.020%	$82K	$130K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0854%	1h	2.6232	+0.084%	$11K	$955	10x	as long as short
01 Exchange MORPHOUSD	−0.0488%	1h	2.6209	−0.003%	$861	$9K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0232%	1h	2.6241	+0.119%	$75K	$42K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0160%	1h	2.6231	+0.081%	$25K	$1.8M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0156%	4h	2.6223	+0.050%	$10K	$34K	10x	as long as short
GRVT MORPHO_USDT_Perp	−0.0090%	4h	2.6174	−0.138%	$32K	$142K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6230	+0.077%	$16	—	10x	as long as short
Phoenix MORPHO	+0.0030%	1h	2.6209	−0.003%	$43K	$426K	5x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.840%	$37	$242K	5.5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDT	+0.0054%	4h	2.6247	+0.142%	$762K	$519K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6253	+0.166%	$315K	$322K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6236	+0.099%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6285	+0.287%	$6.2M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6221	+0.041%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6223	+0.049%	$15.8M	$25.8M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6242	+0.123%	$8.2M	$9.3M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6235	+0.096%	$3.2M	$4.4M	20x	as long as short
MEXC MORPHO_USDTshort	+0.0100%	4h	2.6217	+0.027%	$5.7M	$974K	100x
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6228	+0.069%	$597K	$255K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6215	+0.020%	$2.8M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6225	+0.058%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6190	−0.074%	$625K	$912K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6231	+0.081%	$22K	$4K	5x	as long as short
Extended MORPHO-USDlong	+0.0104%	1h	2.6210	long leg	$101K	$351K	10x
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6244	+0.130%	$1K	—	100x	as long as short