MORPHO

Alert

Funding spread now, next payment 17:00 UTC−0.0458%/8h

paid, last 24h−0.084%paid, last 7 days−0.274%to open and close $10k−$149

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.274% in total (about -14.3% 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	Lighter MORPHO	2.7409	0.0096	pay 0.0012% / 1h	29m 42s	$321K	$474K	5x
Short	Gate MORPHO_USDT	2.7373	−0.0362	pay 0.0181% / 4h	3h 29m	$768K	$574K	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GatebpOrdersRate

Funding earned: −$96.18
Slippage, 4 orders: −$134.45
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$245.63
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Gate: live order book, 13 min ago.

Price risk

price view

Price gap now: −0.132%
Avg gap 7d: −0.277%

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, 7 min ago	3.56 bp	9.6 bp −$10	111.3 bp −$1,113	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	7.30 bp	60.9 bp −$61	doesn't fit	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	−0.1172%	1h	$11K	$443	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.1050%	1h	$100K	$183K	20x	as long as short
01 Exchange MORPHOUSD	−0.0688%	1h	$900	$10K	5x	as long as short
Gate MORPHO_USDTshort	−0.0362%	4h	$768K	$574K	50x
Polymarket Perps MORPHO-USD	−0.0273%	1h	$27K	$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	−0.0200%	4h	$678K	$247K	20x	as long as short
Bybit MORPHOUSDT	−0.0172%	4h	$9.0M	$11.2M	25x	as long as short
Phoenix MORPHO	−0.0146%	1h	$35K	$554K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0136%	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
Lighter MORPHOlong	+0.0096%	1h	$321K	$474K	5x
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	$16.9M	$30.5M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.3M	$5.6M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	$4.9M	$1.3M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$664K	$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	$668K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	$103K	$304K	10x	as long as short
Hyperliquid MORPHO	+0.0125%	1h	$6.7M	$8.1M	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short