MORPHO

Alert

Funding spread now, next payment 19:00 UTC+0.1649%/8h

paid, last 24h−0.216%paid, last 7 days−0.135%to open and close $10k−$186

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.1% 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	2.6796	−0.2229	get 0.0279% / 1h	41m 53s	$85K	$166K	20x
Short	Gate MORPHO_USDT	2.6802	−0.0580	pay 0.0290% / 4h	1h 41m	$773K	$538K	50x

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 GatebpOrdersRate

Funding earned: $346.32
Slippage, 4 orders: −$160.72
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $160.6
Break-even: 3.8 days

Slippage from Kraken Futures: live order book, 57 min ago; Gate: live order book, 56 min ago.

Price risk

price view

Price gap now: +0.021%
Avg gap 7d: −0.056%

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, 57 min ago	17.85 bp	27.3 bp −$27	2527.7 bp −$25.3K	doesn't fit	doesn't fit
Sell Gate live order book, 56 min ago	7.77 bp	46.7 bp −$47	204.6 bp −$2,046	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
Kraken Futures PF_MORPHOUSDlong	−0.2229%	1h	$85K	$166K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.0942%	1h	$10K	$745	10x	as long as short
Gate MORPHO_USDTshort	−0.0580%	4h	$773K	$538K	50x
01 Exchange MORPHOUSD	−0.0472%	1h	$880	$11K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$78K	$47K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0285%	1h	$27K	$2.7M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0210%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0117%	4h	$8.8M	$10.3M	25x	as long as short
BloFin MORPHO-USDT	−0.0111%	4h	$663K	$205K	20x	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
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
MEXC MORPHO_USDT	+0.0054%	4h	$4.8M	$1.2M	100x	as long as short
Extended MORPHO-USD	+0.0056%	1h	$101K	$304K	10x	as long as short
Binance MORPHOUSDT	+0.0059%	4h	$16.5M	$27.4M	75x	as long as short
Lighter MORPHO	+0.0096%	1h	$320K	$364K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Variational Omni MORPHO	+0.0100%	4h	$654K	$1.4M	—	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.4M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$58K	$32K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$4.7M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$599K	$347K	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	$22K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0157% / S −0.0698%	1h	$2K	—	100x	as long as short