MORPHO

Alert

Funding spread now, next payment 15:00 UTC+0.0471%/8h

paid, last 24h−0.139%paid, last 7 days+0.033%to open and close $10k−$189

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MORPHOUSD	2.7523	−0.0371	get 0.0046% / 1h	1m 16s	$99K	$190K	20x
Short	Bitget MORPHOUSDT	2.7511	0.0100	get 0.0050% / 4h	1h 01m	$3.0M	$2.6M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BitgetbpOrdersRate

Funding earned: $98.95
Slippage, 4 orders: −$166.71
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$89.76
Break-even: 13.3 days

Slippage from Kraken Futures: live order book, 53 min ago; Bitget: live order book, 3 min ago.

Price risk

price view

Price gap now: −0.045%
Avg gap 7d: −0.067%

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 Kraken Futures live order book, 53 min ago	41.91 bp	74.1 bp −$74	3931.9 bp −$39.3K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	5.99 bp	20.9 bp −$21	103.0 bp −$1,030	doesn't fit	doesn't fit

MORPHO on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange MORPHOUSD	−0.1256%	1h	$902	$8K	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0985%	1h	$11K	$443	10x	as long as short
Kraken Futures PF_MORPHOUSDlong	−0.0371%	1h	$99K	$190K	20x
Gate MORPHO_USDT	−0.0340%	4h	$776K	$593K	50x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	$683K	$256K	20x	as long as short
Polymarket Perps MORPHO-USD	−0.0176%	1h	$30K	$3.0M	5x	as long as short
Bybit MORPHOUSDT	−0.0164%	4h	$9.0M	$11.0M	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0071%	4h	$11K	$34K	10x	as long as short
Phoenix MORPHO	−0.0058%	1h	$36K	$514K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0032%	1h	$80K	$53K	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
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$137K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$331K	$487K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	$16.8M	$30.4M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.3M	$5.8M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	$4.9M	$1.4M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$627K	$367K	50x	as long as short
Bitget MORPHOUSDTshort	+0.0100%	4h	$3.0M	$2.6M	75x
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$675K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	$104K	$310K	10x	as long as short
Hyperliquid MORPHO	+0.0111%	1h	$6.7M	$8.1M	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short