MORPHO

Alert

Funding spread now, next payment 20:00 UTC+0.0464%/8h

next payment, per $10,000+$2.32paid, last 24h+0.084%paid, last 7 days+0.190%to open and close $10k−$91

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.32 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	2.6924	−0.0364	get 0.0182% / 4h	57m 10s	$776K	$529K	50x
Short	MEXC MORPHO_USDT	2.6924	0.0100	get 0.0050% / 4h	57m 10s	$5.1M	$1.1M	100x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee MEXCbpOrdersRate

Funding earned: $97.44
Slippage, 4 orders: −$71.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: $6.62
Break-even: 6.5 days

Slippage from Gate: live order book, 36 min ago; MEXC: live order book, 2 min ago.

Price risk

price view

Price gap now: 0.000%
Avg gap 7d: +0.005%

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, 36 min ago	8.97 bp	36.8 bp −$37	203.5 bp −$2,035	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.74 bp	5.5 bp −$5	37.0 bp −$370	195.9 bp −$19.6K	doesn't fit

MORPHO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1659%	1h	$85K	$158K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0973%	1h	$11K	$745	10x	as long as short
01 Exchange MORPHOUSD	−0.0528%	1h	$884	$12K	5x	as long as short
Gate MORPHO_USDTlong	−0.0364%	4h	$776K	$529K	50x
Coinbase International MORPHO-PERP-INTX	−0.0328%	1h	$78K	$47K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0286%	1h	$24K	$2.2M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0211%	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	−0.0074%	4h	$8.9M	$10.2M	25x	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
Phoenix MORPHO	+0.0030%	1h	$35K	$473K	5x	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_USDTshort	+0.0100%	4h	$5.1M	$1.1M	100x
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-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-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	+0.0680%	1h	$6.4M	$7.1M	5x	as long as short