MORPHO

Alert

Funding spread now, next payment 19:00 UTC−0.0821%/8h

paid, last 24h−0.231%paid, last 3 days−0.471%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MORPHO_USDT	2.6769	0.0064	pay 0.0032% / 4h	1h 30m	$4.8M	$1.2M	100x
Short	Deribit MORPHO_USDC-PERPETUAL	2.6780	−0.0757	pay 0.0095% / 1h	30m 15s	$10K	$745	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee DeribitbpOrdersRate

Funding earned: −$172.45
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$183.45
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.041%
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 MEXC live order book, 3 min ago	0.56 bp	6.0 bp −$6	36.8 bp −$368	163.1 bp −$16.3K	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	−0.2232%	1h	$84K	$165K	20x	as long as short
Deribit MORPHO_USDC-PERPETUALshort	−0.0757%	1h	$10K	$745	10x
01 Exchange MORPHOUSD	−0.0632%	1h	$878	$12K	5x	as long as short
Gate MORPHO_USDT	−0.0626%	4h	$772K	$538K	50x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$78K	$47K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0335%	1h	$24K	$2.5M	5x	as long as short
Bybit MORPHOUSDT	−0.0214%	4h	$8.8M	$10.3M	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0211%	4h	$10K	$34K	10x	as long as short
BloFin MORPHO-USDT	−0.0129%	4h	$666K	$205K	20x	as long as short
Phoenix MORPHO	−0.0030%	1h	$34K	$478K	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
Variational Omni MORPHO	+0.0023%	4h	$654K	$1.4M	—	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Extended MORPHO-USD	+0.0064%	1h	$101K	$304K	10x	as long as short
MEXC MORPHO_USDTlong	+0.0064%	4h	$4.8M	$1.2M	100x
Binance MORPHOUSDT	+0.0065%	4h	$16.5M	$27.3M	75x	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	$6.4M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$58K	$32K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$598K	$344K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$2.9M	$2.1M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$22K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0157% / S −0.0698%	1h	$2K	—	100x	as long as short