MORPHO

Alert

Funding spread now, next payment 20:00 UTC−0.0089%/8h

next payment, per $10,000−$0.11paid, last 24h−0.011%paid, last 3 days+0.095%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MORPHO/USD [ETH-USDC]	2.6951	L +0.0193% / S −0.0879%	pay 0.0024% / 1h	55m 42s	$2K	—	100x
Short	Extended MORPHO-USD	2.6894	0.0104	get 0.0013% / 1h	55m 42s	$101K	$304K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee ExtendedbpOrdersRate

Funding earned: −$18.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$35.7
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 38 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.211%
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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 38 min ago	3.92 bp	23.6 bp −$24	174.0 bp −$1,740	doesn't fit	doesn't fit

GMX: 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
Kraken Futures PF_MORPHOUSD	−0.1658%	1h	$85K	$158K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0863%	1h	$11K	$745	10x	as long as short
01 Exchange MORPHOUSD	−0.0528%	1h	$883	$12K	5x	as long as short
Gate MORPHO_USDT	−0.0346%	4h	$776K	$529K	50x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0328%	1h	$78K	$47K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0248%	1h	$24K	$2.1M	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	−0.0071%	4h	$8.8M	$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	$320K	$356K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Variational Omni MORPHO	+0.0100%	4h	$653K	$1.4M	—	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$59K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	$16.5M	$26.9M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	$5.1M	$1.1M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$602K	$315K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$2.9M	$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-USDshort	+0.0104%	1h	$101K	$304K	10x
GMX MORPHO/USD [ETH-USDC]long	L +0.0193% / S −0.0879%	1h	$2K	—	100x
Hyperliquid MORPHO	+0.0650%	1h	$6.4M	$7.2M	5x	as long as short