MORPHO

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 5 days−0.072%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MORPHO-USDT-SWAP	2.6929	0.0100	pay 0.0050% / 4h	1h 13m	$3.2M	$4.6M	20x
Short	Aster MORPHOUSDT	2.6859	0.0100	get 0.0050% / 4h	1h 13m	$59K	$33K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee AsterbpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Aster: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.261%
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 OKX live order book, 5 min ago	2.04 bp	19.5 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.2227%	1h	$85K	$164K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0680%	1h	$10K	$745	10x	as long as short
01 Exchange MORPHOUSD	−0.0600%	1h	$883	$12K	5x	as long as short
Gate MORPHO_USDT	−0.0506%	4h	$777K	$540K	50x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$78K	$47K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0244%	1h	$24K	$2.2M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0207%	4h	$10K	$34K	10x	as long as short
BloFin MORPHO-USDT	−0.0172%	4h	$666K	$208K	20x	as long as short
Bybit MORPHOUSDT	−0.0157%	4h	$8.8M	$10.2M	25x	as long as short
Phoenix MORPHO	−0.0030%	1h	$35K	$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	+0.0017%	4h	$652K	$1.4M	—	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$37	$39K	5.5x	as long as short
Extended MORPHO-USD	+0.0088%	1h	$101K	$304K	10x	as long as short
MEXC MORPHO_USDT	+0.0090%	4h	$5.1M	$1.2M	100x	as long as short
Binance MORPHOUSDT	+0.0091%	4h	$16.5M	$27.2M	75x	as long as short
Lighter MORPHO	+0.0096%	1h	$321K	$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 MORPHOUSDTshort	+0.0100%	4h	$59K	$33K	20x
OKX MORPHO-USDT-SWAPlong	+0.0100%	4h	$3.2M	$4.6M	20x
KuCoin MORPHOUSDTM	+0.0100%	4h	$600K	$341K	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 +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short