MORPHO

Alert

Funding spread now, next payment 16:00 UTC+0.0418%/8h

next payment, per $10,000+$2.09paid, last 24h+0.064%paid, last 7 days+0.172%to open and close $10k−$110

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.172% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MORPHO_USDT	2.7744	−0.0318	get 0.0159% / 4h	1h 08m	$782K	$592K	50x
Short	Binance MORPHOUSDT	2.7738	0.0100	get 0.0050% / 4h	1h 08m	$16.9M	$30.2M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersRate

Funding earned: $87.78
Slippage, 4 orders: −$84.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.05
Break-even: 8.8 days

Slippage from Gate: live order book, 44 min ago; Binance: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.022%
Avg gap 7d: +0.001%

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 Gate live order book, 44 min ago	11.45 bp	37.2 bp −$37	303.1 bp −$3,031	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.73 bp	17.6 bp −$18	44.7 bp −$447	doesn't fit	doesn't fit

MORPHO on 25 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	−0.0795%	1h	$11K	$443	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0368%	1h	$100K	$191K	20x	as long as short
Gate MORPHO_USDTlong	−0.0318%	4h	$782K	$592K	50x
BloFin MORPHO-USDT	−0.0200%	4h	$686K	$257K	20x	as long as short
Polymarket Perps MORPHO-USD	−0.0172%	1h	$33K	$3.0M	5x	as long as short
Bybit MORPHOUSDT	−0.0119%	4h	$9.0M	$11.0M	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0069%	4h	$11K	$34K	10x	as long as short
Phoenix MORPHO	−0.0058%	1h	$36K	$514K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0032%	1h	$81K	$53K	25x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	$17	—	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$137K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$326K	$475K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$61K	$34K	20x	as long as short
Binance MORPHOUSDTshort	+0.0100%	4h	$16.9M	$30.2M	75x
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.3M	$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	$632K	$356K	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
Variational Omni MORPHO	+0.0100%	4h	$674K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	$104K	$310K	10x	as long as short
Hyperliquid MORPHO	+0.0115%	1h	$6.8M	$8.1M	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short