MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against KuCoin−0.050%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1821.819% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.050%, 7d avg −0.062%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MORPHOUSDTM	2.5993	0.0100	pay 0.0050% / 4h	2h 49m	$597K	$246K	50x
Short	MEXC MORPHO_USDT	2.5980	0.0096	get 0.0048% / 4h	2h 49m	$6.0M	$825K	100x

Funding history

latest

Range statsloading…

MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now −0.050%Rate

Slippage from KuCoin: live order book, 9 min ago; MEXC: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 9 min ago	15.21 bp	63.3 bp −$63	199.6 bp −$1,996	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.38 bp	6.2 bp −$6	36.0 bp −$360	198.5 bp −$19.8K	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1555%	1h	2.5965	−0.108%	$80K	$127K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1249%	1h	2.5976	−0.065%	$11K	$2K	10x	as long as short
01 Exchange MORPHOUSD	−0.0864%	1h	2.5954	−0.150%	$853	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0438%	4h	2.5950	−0.165%	$33K	$134K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0216%	1h	2.6000	+0.027%	$74K	$41K	25x	as long as short
BloFin MORPHO-USDT	−0.0194%	4h	2.5952	−0.158%	$636K	$244K	20x	as long as short
Phoenix MORPHO	−0.0154%	1h	2.5950	−0.165%	$33K	$330K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0131%	4h	2.5983	−0.038%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.5993	−0.001%	$16	—	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+1.681%	$37	$242K	5.5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps MORPHO-USD	+0.0088%	1h	2.6002	+0.035%	$24K	$1.5M	5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6019	+0.100%	$313K	$294K	5x	as long as short
MEXC MORPHO_USDTshort	+0.0096%	4h	2.5980	−0.050%	$6.0M	$825K	100x
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6002	+0.036%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6013	+0.077%	$5.9M	$6.8M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.5968	−0.095%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.5976	−0.065%	$15.7M	$24.0M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.5992	−0.004%	$8.0M	$8.5M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6013	+0.077%	$3.2M	$4.0M	20x	as long as short
Gate MORPHO_USDT	+0.0100%	4h	2.6000	+0.027%	$774K	$481K	50x	as long as short
KuCoin MORPHOUSDTMlong	+0.0100%	4h	2.5993	long leg	$597K	$246K	50x
Bitget MORPHOUSDT	+0.0100%	4h	2.5974	−0.073%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5983	−0.038%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6000	+0.029%	$617K	$677K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.5979	−0.054%	$21K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.5967	−0.101%	$104K	$348K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6010	+0.067%	$1K	—	100x	as long as short