data as of
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Funding arb /

MORPHO

all MORPHO markets
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Funding spread now, next payment 16:00 UTC+0.0797%/8h
paid, last 24h+0.075%paid, last 3 days+0.514%to open and closeno order book
Long on KuCoinShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin MORPHOUSDTM2.74170.0100pay 0.0050% / 4h19m 56s$663K$378K50x
ShortGMX MORPHO/USD [ETH-USDC]2.7383L +0.0197% / S −0.0897%get 0.0112% / 1h19m 56s$2K—100x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$167.38
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
$143.38
Break-even
1.0 days
Slippage unknown: KuCoin: live order book, 51 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.124%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 51 min ago14.66 bp59.0 bp −$59220.0 bp −$2,200doesn't fitdoesn't fit
Sell GMX no order-book sample—————
GMX: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit MORPHO_USDC-PERPETUAL−0.1320%1h$11K$44310xas long as short
01 Exchange MORPHOUSD−0.1128%1h$896$8K5xas long as short
Polymarket Perps MORPHO-USD−0.0372%1h$31K$3.0M5xas long as short
Gate MORPHO_USDT−0.0318%4h$771K$598K50xas long as short
BloFin MORPHO-USDT−0.0200%4h$687K$249K20xas long as short
Coinbase International MORPHO-PERP-INTX−0.0144%1h$80K$53K25xas long as short
Bybit MORPHOUSDT−0.0131%4h$9.1M$11.3M25xas long as short
Orderly PERP_MORPHO_USDC−0.0108%4h$11K$34K10xas long as short
Kraken Futures PF_MORPHOUSD−0.0093%1h$99K$188K20xas long as short
Phoenix MORPHO−0.0029%1h$35K$560K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Reya MORPHORUSDPERP−0.0004%1h$16—10xas long as short
Injective MORPHO/USDC PERP+0.0033%1h$38$85K5.5xas long as short
Variational Omni MORPHO+0.0073%4h$669K$1.4M—as long as short
Lighter MORPHO+0.0096%1h$321K$503K5xas long as short
Paradex MORPHO-USD-PERP+0.0099%8h$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h$6.7M$8.1M5xas long as short
Aster MORPHOUSDT+0.0100%4h$60K$34K20xas long as short
Binance MORPHOUSDT+0.0100%4h$16.9M$31.0M75xas long as short
OKX MORPHO-USDT-SWAP+0.0100%4h$3.2M$5.8M20xas long as short
MEXC MORPHO_USDT+0.0100%4h$4.9M$1.3M100xas long as short
KuCoin MORPHOUSDTMlong+0.0100%4h$663K$378K50x
Bitget MORPHOUSDT+0.0100%4h$3.0M$2.6M75xas long as short
BingX MORPHO-USDT+0.0100%4h—$1.5M—as long as short
SoDEX MORPHO-USD+0.0100%1h$23K$2K5xas long as short
Extended MORPHO-USD+0.0104%1h$103K$310K10xas long as short
GMX MORPHO/USD [ETH-USDC]shortL +0.0197% / S −0.0897%1h$2K—100x