MORPHO

Alert

Funding spread now, next payment 19:00 UTC0.0000%/8h

paid, last 24h−0.029%paid, last 3 days−0.146%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MORPHO	2.6961	0.0100	pay 0.0013% / 1h	14m 37s	$6.4M	$7.1M	5x
Short	Paradex MORPHO-USD-PERP	2.6890	0.0100	get 0.0100% / 8h	5h 14m	$5K	$3	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee ParadexbpOrdersRate

Funding earned: −$0.04
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.04
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 9 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.263%
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 Hyperliquid live order book, 9 min ago	1.30 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.2226%	1h	$85K	$164K	20x	as long as short
01 Exchange MORPHOUSD	−0.0600%	1h	$883	$12K	5x	as long as short
Gate MORPHO_USDT	−0.0506%	4h	$776K	$539K	50x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0456%	1h	$10K	$745	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$78K	$47K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0249%	1h	$24K	$2.2M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0208%	4h	$10K	$34K	10x	as long as short
BloFin MORPHO-USDT	−0.0172%	4h	$666K	$208K	20x	as long as short
Bybit MORPHOUSDT	−0.0163%	4h	$8.8M	$10.2M	25x	as long as short
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
Variational Omni MORPHO	+0.0017%	4h	$652K	$1.4M	—	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$37	$39K	5.5x	as long as short
MEXC MORPHO_USDT	+0.0086%	4h	$4.9M	$1.2M	100x	as long as short
Extended MORPHO-USD	+0.0088%	1h	$101K	$304K	10x	as long as short
Binance MORPHOUSDT	+0.0091%	4h	$16.5M	$27.2M	75x	as long as short
Lighter MORPHO	+0.0096%	1h	$321K	$364K	5x	as long as short
Paradex MORPHO-USD-PERPshort	+0.0100%	8h	$5K	$3	5x
Hyperliquid MORPHOlong	+0.0100%	1h	$6.4M	$7.1M	5x
Aster MORPHOUSDT	+0.0100%	4h	$59K	$33K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$601K	$342K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$2.9M	$2.1M	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
GMX MORPHO/USD [ETH-USDC]	L +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short