MORPHO

Alert

Funding spread now, next payment 20:00 UTC+0.0381%/8h

next payment, per $10,000+$1.90paid, last 24h+0.024%paid, last 5 days−0.109%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.109% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.90 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	2.7067	−0.0558	get 0.0279% / 4h	2h 40m	$764K	$539K	50x
Short	Orderly PERP_MORPHO_USDC	2.7067	−0.0177	pay 0.0089% / 4h	2h 40m	$10K	$34K	10x

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 OrderlybpOrdersRate

Funding earned: $79.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: $58.92
Break-even: 1.8 days

Slippage unknown: Gate: live order book, 63 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: 0.000%
Avg gap 7d: —

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, 63 min ago	7.30 bp	69.7 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MORPHO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange MORPHOUSD	−0.0968%	1h	$888	$11K	5x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0924%	1h	$93K	$174K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0820%	1h	$11K	$443	10x	as long as short
Gate MORPHO_USDTlong	−0.0558%	4h	$764K	$539K	50x
Polymarket Perps MORPHO-USD	−0.0455%	1h	$27K	$2.8M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0336%	1h	$79K	$49K	25x	as long as short
BloFin MORPHO-USDT	−0.0238%	4h	$673K	$222K	20x	as long as short
Orderly PERP_MORPHO_USDCshort	−0.0177%	4h	$10K	$34K	10x
Bybit MORPHOUSDT	−0.0125%	4h	$8.9M	$10.7M	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
Extended MORPHO-USD	−0.0008%	1h	$102K	$304K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short
Binance MORPHOUSDT	−0.0004%	4h	$16.7M	$28.9M	75x	as long as short
MEXC MORPHO_USDT	0.0000%	4h	$4.8M	$1.2M	100x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$318K	$364K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.6M	$7.8M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$59K	$32K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.1M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$656K	$357K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.3M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$662K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short