MORPHO

Alert

Funding spread now, next payment 17:00 UTC−0.0981%/8h

next payment, per $10,000−$1.23paid, last 24h−0.209%paid, last 3 days−0.524%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MORPHO	2.7317	0.0096	pay 0.0012% / 1h	22m 48s	$321K	$475K	5x
Short	Deribit MORPHO_USDC-PERPETUAL	2.7293	−0.0885	pay 0.0111% / 1h	22m 48s	$11K	$443	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee DeribitbpOrdersRate

Funding earned: −$205.91
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$212.91
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 14 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.087%
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 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 Lighter live order book, 14 min ago	3.56 bp	9.6 bp −$10	111.3 bp −$1,113	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1054%	1h	$99K	$183K	20x	as long as short
Deribit MORPHO_USDC-PERPETUALshort	−0.0885%	1h	$11K	$443	10x
01 Exchange MORPHOUSD	−0.0712%	1h	$895	$10K	5x	as long as short
Gate MORPHO_USDT	−0.0504%	4h	$766K	$574K	50x	as long as short
Bybit MORPHOUSDT	−0.0432%	4h	$9.0M	$11.1M	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0318%	1h	$28K	$3.0M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0256%	1h	$79K	$52K	25x	as long as short
BloFin MORPHO-USDT	−0.0180%	4h	$679K	$246K	20x	as long as short
Phoenix MORPHO	−0.0146%	1h	$35K	$554K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0143%	4h	$11K	$34K	10x	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
Extended MORPHO-USD	+0.0088%	1h	$103K	$304K	10x	as long as short
Binance MORPHOUSDT	+0.0090%	4h	$16.9M	$30.4M	75x	as long as short
MEXC MORPHO_USDT	+0.0092%	4h	$4.9M	$1.3M	100x	as long as short
Lighter MORPHOlong	+0.0096%	1h	$321K	$475K	5x
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.6M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$661K	$380K	50x	as long as short
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
Variational Omni MORPHO	+0.0100%	4h	$670K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Hyperliquid MORPHO	+0.0105%	1h	$6.7M	$7.9M	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short