MORPHO

Alert

Funding spread now, next payment 17:00 UTC+0.0004%/8h

paid, last 24h0.000%paid, last 7 days−0.082%to open and close $10k−$67

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MORPHO	2.7309	0.0096	pay 0.0012% / 1h	17m 15s	$321K	$476K	5x
Short	OKX MORPHO-USDT-SWAP	2.7234	0.0100	get 0.0050% / 4h	3h 17m	$3.2M	$5.6M	20x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee LighterbpFee OKXbpOrdersRate

Slippage from Lighter: live order book, 19 min ago; OKX: live order book, 2 min ago.

A gap far from its average can cost days of funding.

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

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, 19 min ago	3.56 bp	9.6 bp −$10	111.3 bp −$1,113	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.31 bp	23.4 bp −$23	145.6 bp −$1,456	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1053%	1h	$99K	$183K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0884%	1h	$11K	$443	10x	as long as short
01 Exchange MORPHOUSD	−0.0744%	1h	$895	$10K	5x	as long as short
Gate MORPHO_USDT	−0.0460%	4h	$765K	$574K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0337%	1h	$28K	$3.0M	5x	as long as short
Bybit MORPHOUSDT	−0.0274%	4h	$9.0M	$11.1M	25x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0256%	1h	$79K	$50K	25x	as long as short
BloFin MORPHO-USDT	−0.0162%	4h	$685K	$246K	20x	as long as short
Phoenix MORPHO	−0.0146%	1h	$35K	$554K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0146%	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
MEXC MORPHO_USDT	+0.0078%	4h	$4.9M	$1.3M	100x	as long as short
Extended MORPHO-USD	+0.0080%	1h	$102K	$304K	10x	as long as short
Binance MORPHOUSDT	+0.0081%	4h	$16.9M	$30.4M	75x	as long as short
Lighter MORPHOlong	+0.0096%	1h	$321K	$476K	5x
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.7M	$7.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
OKX MORPHO-USDT-SWAPshort	+0.0100%	4h	$3.2M	$5.6M	20x
KuCoin MORPHOUSDTM	+0.0100%	4h	$660K	$379K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.5M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$666K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short