MORPHO

Alert

Funding spread now, next payment 20:00 UTC−0.0153%/8h

next payment, per $10,000−$0.76paid, last 24h−0.009%paid, last 7 days−0.025%to open and close $10k−$57

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MORPHO_USDT	2.7079	−0.0002	get 0.0001% / 4h	2h 35m	$4.9M	$1.2M	100x
Short	Bybit MORPHOUSDT	2.7090	−0.0155	pay 0.0077% / 4h	2h 35m	$9.0M	$10.6M	25x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee MEXCbpFee BybitbpOrdersRate

Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 4 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 MEXC live order book, 3 min ago	1.66 bp	6.7 bp −$7	34.2 bp −$342	196.6 bp −$19.7K	doesn't fit
Sell Bybit live order book, 4 min ago	3.69 bp	20.8 bp −$21	75.3 bp −$753	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	−0.1042%	1h	$11K	$443	10x	as long as short
01 Exchange MORPHOUSD	−0.0952%	1h	$889	$11K	5x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0924%	1h	$93K	$173K	20x	as long as short
Gate MORPHO_USDT	−0.0594%	4h	$766K	$540K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0438%	1h	$27K	$2.7M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0336%	1h	$79K	$49K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0182%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDTshort	−0.0155%	4h	$9.0M	$10.6M	25x
BloFin MORPHO-USDT	−0.0073%	4h	$675K	$222K	20x	as long as short
Phoenix MORPHO	−0.0059%	1h	$35K	$517K	5x	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
Binance MORPHOUSDT	−0.0004%	4h	$16.7M	$28.8M	75x	as long as short
MEXC MORPHO_USDTlong	−0.0002%	4h	$4.9M	$1.2M	100x
Extended MORPHO-USD	0.0000%	1h	$102K	$304K	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$319K	$364K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.6M	$7.8M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$59K	$32K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.1M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$655K	$357K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.2M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$661K	$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