MORPHO

Alert

Funding spread now, next payment 18:00 UTC+0.0067%/8h

paid, last 24h+0.022%paid, last 4 days+0.119%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MORPHO/USDC PERP	2.7130	0.0033	pay 0.0004% / 1h	19m 41s	$38	$34K	5.5x
Short	KuCoin MORPHOUSDTM	2.6884	0.0100	get 0.0050% / 4h	2h 19m	$598K	$373K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee KuCoinbpOrdersRate

Funding earned: $14
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.98
Break-even: 6.0 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 31 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.907%
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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 31 min ago	14.69 bp	90.4 bp −$90	195.7 bp −$1,957	doesn't fit	doesn't fit

Injective: 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
Deribit MORPHO_USDC-PERPETUAL	−0.1013%	1h	$10K	$745	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0931%	1h	$85K	$176K	20x	as long as short
01 Exchange MORPHOUSD	−0.0888%	1h	$882	$11K	5x	as long as short
Gate MORPHO_USDT	−0.0652%	4h	$767K	$547K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0433%	1h	$28K	$2.7M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0336%	1h	$77K	$48K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0191%	4h	$10K	$34K	10x	as long as short
BloFin MORPHO-USDT	−0.0158%	4h	$674K	$218K	20x	as long as short
Bybit MORPHOUSDT	−0.0101%	4h	$8.8M	$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
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short
Extended MORPHO-USD	0.0000%	1h	$101K	$304K	10x	as long as short
MEXC MORPHO_USDT	0.0000%	4h	$4.8M	$1.2M	100x	as long as short
Binance MORPHOUSDT	+0.0004%	4h	$16.6M	$28.6M	75x	as long as short
Injective MORPHO/USDC PERPlong	+0.0033%	1h	$38	$34K	5.5x
Lighter MORPHO	+0.0096%	1h	$315K	$366K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.4M	$8.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$59K	$31K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.0M	20x	as long as short
KuCoin MORPHOUSDTMshort	+0.0100%	4h	$598K	$373K	50x
Bitget MORPHOUSDT	+0.0100%	4h	$2.9M	$2.2M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$654K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$22K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short