MORPHO

Alert

Funding spread now, next payment 20:00 UTC+0.0526%/8h

next payment, per $10,000+$2.63paid, last 24h+0.084%paid, last 7 days+0.192%to open and close $10k−$179

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.192% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.63 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	2.7349	−0.0426	get 0.0213% / 4h	3h 26m	$767K	$574K	50x
Short	OKX MORPHO-USDT-SWAP	2.7351	0.0100	get 0.0050% / 4h	3h 26m	$3.2M	$5.6M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee OKXbpOrdersRate

Funding earned: $110.46
Slippage, 4 orders: −$154.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$68.88
Break-even: 11.4 days

Slippage from Gate: live order book, 16 min ago; OKX: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.007%
Avg gap 7d: +0.033%

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, 16 min ago	7.30 bp	69.7 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.47 bp	26.5 bp −$26	doesn't fit	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
Kraken Futures PF_MORPHOUSD	−0.1050%	1h	$100K	$183K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0844%	1h	$11K	$443	10x	as long as short
01 Exchange MORPHOUSD	−0.0688%	1h	$899	$10K	5x	as long as short
Gate MORPHO_USDTlong	−0.0426%	4h	$767K	$574K	50x
Polymarket Perps MORPHO-USD	−0.0289%	1h	$34K	$3.0M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0256%	1h	$79K	$52K	25x	as long as short
Bybit MORPHOUSDT	−0.0205%	4h	$9.0M	$11.1M	25x	as long as short
BloFin MORPHO-USDT	−0.0199%	4h	$679K	$247K	20x	as long as short
Phoenix MORPHO	−0.0146%	1h	$35K	$554K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0140%	4h	$11K	$34K	10x	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	$34K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$322K	$475K	5x	as long as short
Extended MORPHO-USD	+0.0096%	1h	$103K	$304K	10x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	$16.9M	$30.4M	75x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
OKX MORPHO-USDT-SWAPshort	+0.0100%	4h	$3.2M	$5.6M	20x
MEXC MORPHO_USDT	+0.0100%	4h	$4.9M	$1.3M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$664K	$380K	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	$668K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Hyperliquid MORPHO	+0.0130%	1h	$6.7M	$8.2M	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short