MORPHO

Alert

Funding spread now, next payment 20:00 UTC+0.0744%/8h

next payment, per $10,000+$3.72paid, last 24h+0.084%paid, last 7 days+0.207%to open and close $10k−$135

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.207% in total (about 10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.72 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	2.6803	−0.0644	get 0.0322% / 4h	2h 24m	$765K	$547K	50x
Short	Bitget MORPHOUSDT	2.6844	0.0100	get 0.0050% / 4h	2h 24m	$2.9M	$2.2M	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 BitgetbpOrdersRate

Funding earned: $156.24
Slippage, 4 orders: −$108.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: $20.86
Break-even: 6.1 days

Slippage from Gate: live order book, 14 min ago; Bitget: live order book, 5 min ago.

Price risk

price view

Price gap now: +0.153%
Avg gap 7d: −0.007%

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, 14 min ago	7.77 bp	38.4 bp −$38	219.0 bp −$2,190	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.07 bp	27.5 bp −$28	77.5 bp −$775	doesn't fit	doesn't fit

MORPHO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	−0.0941%	1h	$10K	$745	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0934%	1h	$85K	$178K	20x	as long as short
01 Exchange MORPHOUSD	−0.0888%	1h	$880	$11K	5x	as long as short
Gate MORPHO_USDTlong	−0.0644%	4h	$765K	$547K	50x
Polymarket Perps MORPHO-USD	−0.0416%	1h	$33K	$2.7M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0336%	1h	$78K	$48K	25x	as long as short
BloFin MORPHO-USDT	−0.0232%	4h	$670K	$218K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0191%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0111%	4h	$8.8M	$10.6M	25x	as long as short
Phoenix MORPHO	−0.0059%	1h	$35K	$517K	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
Extended MORPHO-USD	+0.0008%	1h	$101K	$304K	10x	as long as short
MEXC MORPHO_USDT	+0.0008%	4h	$4.8M	$1.2M	100x	as long as short
Binance MORPHOUSDT	+0.0011%	4h	$16.6M	$28.6M	75x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$315K	$365K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.5M	$7.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$59K	$31K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.0M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$598K	$373K	50x	as long as short
Bitget MORPHOUSDTshort	+0.0100%	4h	$2.9M	$2.2M	75x
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$660K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$22K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short