MORPHO

Alert

Funding spread now, next payment 19:00 UTC−0.0174%/8h

paid, last 24h−0.037%paid, last 7 days−0.076%to open and close $10k−$71

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MORPHO	2.7047	0.0100	pay 0.0013% / 1h	59m 54s	$6.4M	$7.1M	5x
Short	Bybit MORPHOUSDT	2.6977	−0.0074	pay 0.0037% / 4h	59m 54s	$8.9M	$10.2M	25x

Funding history

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latest

Position, each leg$Hold fordaysFee HyperliquidbpFee BybitbpOrdersRate

Slippage from Hyperliquid: live order book, 4 min ago; Bybit: live order book, 5 min ago.

A gap far from its average can cost days of funding.

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 4 min ago	0.74 bp	14.0 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.86 bp	22.5 bp −$23	70.9 bp −$709	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.2216%	1h	$85K	$164K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1009%	1h	$11K	$745	10x	as long as short
01 Exchange MORPHOUSD	−0.0536%	1h	$885	$12K	5x	as long as short
Gate MORPHO_USDT	−0.0386%	4h	$778K	$541K	50x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$78K	$47K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0210%	4h	$10K	$34K	10x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	$668K	$210K	20x	as long as short
Polymarket Perps MORPHO-USD	−0.0198%	1h	$24K	$2.2M	5x	as long as short
Bybit MORPHOUSDTshort	−0.0074%	4h	$8.9M	$10.2M	25x
Phoenix MORPHO	−0.0030%	1h	$35K	$478K	5x	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	$37	$39K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$321K	$365K	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
Hyperliquid MORPHOlong	+0.0100%	1h	$6.4M	$7.1M	5x
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_USDT	+0.0100%	4h	$5.1M	$1.2M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$602K	$317K	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