MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1086%/8h= −118.9% APRnext payment −$1.36 per $10,000 · paid last 24h −0.202%

Price spread now: 01 Exchange against GMX−0.123%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and 01 Exchange is 0.123% cheaper against GMX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MORPHO/USD [ETH-USDC]	2.6470	L +0.0158% / S −0.3418%	pay 0.0020% / 1h	24m 58s	$1K	—	100x
Short	01 Exchange MORPHOUSD	2.6437	−0.0928	pay 0.0116% / 1h	24m 58s	$869	$12K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee 01 ExchangebpOrdersPrice spread, now −0.123%Rate

Funding earned: −$228.01
Price spread: −0.123% → 0.000%: −$12.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$259.36
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 01 Exchange: no order-book sample. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—

GMX and 01 Exchange: 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 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1759%	1h	2.6432	−0.144%	$81K	$142K	20x	as long as short
01 Exchange MORPHOUSDshort	−0.0928%	1h	2.6437	−0.123%	$869	$12K	5x
Deribit MORPHO_USDC-PERPETUAL	−0.0656%	1h	2.6464	−0.021%	$11K	$812	10x	as long as short
GRVT MORPHO_USDT_Perp	−0.0536%	4h	2.6481	+0.044%	$29K	$134K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0511%	1h	2.6444	−0.097%	$28K	$1.7M	5x	as long as short
Injective MORPHO/USDC PERP	−0.0405%	1h	2.6430	−0.150%	$37	$242K	5.5x	as long as short
Bybit MORPHOUSDT	−0.0376%	4h	2.6467	−0.010%	$8.4M	$9.2M	25x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0360%	1h	2.6485	+0.058%	$76K	$43K	25x	as long as short
Variational Omni MORPHO	−0.0168%	4h	2.6477	+0.027%	$628K	$1.0M	—	as long as short
BloFin MORPHO-USDT	−0.0161%	4h	2.6465	−0.018%	$640K	$252K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MORPHO_USDC	−0.0145%	4h	2.6458	−0.044%	$10K	$34K	10x	as long as short
Gate MORPHO_USDT	−0.0094%	4h	2.6464	−0.021%	$769K	$532K	50x	as long as short
Phoenix MORPHO	−0.0060%	1h	2.6433	−0.139%	$43K	$477K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6442	−0.106%	$16	—	10x	as long as short
MEXC MORPHO_USDT	+0.0004%	4h	2.6462	−0.029%	$5.5M	$960K	100x	as long as short
Extended MORPHO-USD	+0.0008%	1h	2.6443	−0.101%	$103K	$298K	10x	as long as short
Binance MORPHOUSDT	+0.0009%	4h	2.6474	+0.016%	$16.0M	$25.9M	75x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6504	+0.130%	$316K	$331K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6456	−0.053%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6535	+0.247%	$6.2M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6456	−0.051%	$58K	$30K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6480	+0.039%	$3.2M	$4.5M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6474	+0.016%	$593K	$269K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6472	+0.009%	$2.9M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6471	+0.005%	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6461	−0.033%	$22K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]long	L +0.0158% / S −0.3418%	1h	2.6470	long leg	$1K	—	100x