MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.077%

Price spread now: Gate against OKX−0.027%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1141.144% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.027%, 7d avg −0.037%

Together, before fees−0.193%−$19 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MORPHO-USDT-SWAP	2.6279	0.0100	pay 0.0050% / 4h	2h 25m	$3.2M	$4.3M	20x
Short	Gate MORPHO_USDT	2.6272	0.0096	get 0.0048% / 4h	2h 25m	$766K	$505K	50x

Funding history

latest

Range statsloading…

Gate against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now −0.027%Rate

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 41 min ago.

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, 2 min ago	2.47 bp	22.6 bp −$23	120.3 bp −$1,203	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	5.82 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1910%	1h	2.6225	−0.204%	$80K	$128K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0853%	1h	2.6269	−0.038%	$11K	$785	10x	as long as short
01 Exchange MORPHOUSD	−0.0464%	1h	2.6243	−0.137%	$862	$10K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0232%	1h	2.6299	+0.076%	$75K	$42K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0152%	4h	2.6261	−0.068%	$10K	$34K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0120%	1h	2.6268	−0.042%	$27K	$1.8M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0010%	4h	2.6207	−0.275%	$32K	$142K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6269	−0.040%	$16	—	10x	as long as short
Phoenix MORPHO	+0.0030%	1h	2.6267	−0.046%	$43K	$426K	5x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.575%	$37	$242K	5.5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MORPHO	+0.0096%	1h	2.6297	+0.070%	$315K	$319K	5x	as long as short
Gate MORPHO_USDTshort	+0.0096%	4h	2.6272	−0.027%	$766K	$505K	50x
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6268	−0.041%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6304	+0.095%	$6.2M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6288	+0.033%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6249	−0.113%	$15.8M	$25.2M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6270	−0.034%	$8.3M	$9.3M	25x	as long as short
OKX MORPHO-USDT-SWAPlong	+0.0100%	4h	2.6279	long leg	$3.2M	$4.3M	20x
MEXC MORPHO_USDT	+0.0100%	4h	2.6250	−0.110%	$5.5M	$888K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6284	+0.019%	$596K	$255K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6282	+0.011%	$2.9M	$1.7M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6277	−0.008%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6281	+0.006%	$626K	$912K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6269	−0.038%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6243	−0.139%	$101K	$355K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6292	+0.050%	$1K	—	100x	as long as short