MORPHO

Alert

Funding spread now, next payment 16:00 UTC+0.0193%/8h

paid, last 24h−0.142%paid, last 7 days+0.042%to open and close $10k−$261

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% 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	2.7422	−0.0093	get 0.0012% / 1h	1m 09s	$99K	$188K	20x
Short	KuCoin MORPHOUSDTM	2.7453	0.0100	get 0.0050% / 4h	1m 09s	$667K	$381K	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 KuCoinbpOrdersRate

Funding earned: $40.52
Slippage, 4 orders: −$238.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$220.08
Break-even: 45.0 days

Slippage from Kraken Futures: live order book, 48 min ago; KuCoin: live order book, 69 min ago.

Price risk

price view

Price gap now: +0.114%
Avg gap 7d: +0.007%

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, 48 min ago	24.24 bp	36.8 bp −$37	3350.9 bp −$33.5K	doesn't fit	doesn't fit
Sell KuCoin live order book, 69 min ago	14.66 bp	106.4 bp −$106	201.3 bp −$2,013	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
Deribit MORPHO_USDC-PERPETUAL	−0.1133%	1h	$11K	$443	10x	as long as short
01 Exchange MORPHOUSD	−0.1104%	1h	$899	$8K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0356%	1h	$28K	$3.0M	5x	as long as short
Gate MORPHO_USDT	−0.0288%	4h	$774K	$600K	50x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	$690K	$250K	20x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0144%	1h	$80K	$53K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0117%	4h	$11K	$34K	10x	as long as short
Kraken Futures PF_MORPHOUSDlong	−0.0093%	1h	$99K	$188K	20x
Bybit MORPHOUSDT	−0.0066%	4h	$9.1M	$11.3M	25x	as long as short
Phoenix MORPHO	−0.0029%	1h	$35K	$560K	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	$85K	5.5x	as long as short
Variational Omni MORPHO	+0.0083%	4h	$671K	$1.4M	—	as long as short
Lighter MORPHO	+0.0096%	1h	$322K	$503K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.7M	$8.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	$16.9M	$30.9M	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	$1.3M	100x	as long as short
KuCoin MORPHOUSDTMshort	+0.0100%	4h	$667K	$381K	50x
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.6M	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	$103K	$310K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short