MORPHO

Alert

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

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 7 days+0.007%to open and close $10k−$155

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MORPHO-USDT-SWAP	2.6847	0.0100	pay 0.0050% / 4h	1h 20m	$3.2M	$4.6M	20x
Short	KuCoin MORPHOUSDTM	2.6838	0.0100	get 0.0050% / 4h	1h 20m	$599K	$342K	50x

Funding history

latest

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latest

Position, each leg$Hold fordaysFee OKXbpFee KuCoinbpOrdersRate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 20 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 OKX live order book, 3 min ago	2.43 bp	20.1 bp −$20	167.2 bp −$1,672	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	17.36 bp	51.6 bp −$52	204.9 bp −$2,049	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	−0.2231%	1h	$84K	$165K	20x	as long as short
01 Exchange MORPHOUSD	−0.0664%	1h	$879	$12K	5x	as long as short
Gate MORPHO_USDT	−0.0582%	4h	$773K	$538K	50x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$78K	$47K	25x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0309%	1h	$10K	$745	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0292%	1h	$24K	$2.4M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0215%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0214%	4h	$8.8M	$10.2M	25x	as long as short
BloFin MORPHO-USDT	−0.0132%	4h	$666K	$207K	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	+0.0001%	4h	$654K	$1.4M	—	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$37	$39K	5.5x	as long as short
Extended MORPHO-USD	+0.0064%	1h	$101K	$304K	10x	as long as short
MEXC MORPHO_USDT	+0.0066%	4h	$4.8M	$1.2M	100x	as long as short
Binance MORPHOUSDT	+0.0066%	4h	$16.5M	$27.2M	75x	as long as short
Lighter MORPHO	+0.0096%	1h	$320K	$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-SWAPlong	+0.0100%	4h	$3.2M	$4.6M	20x
KuCoin MORPHOUSDTMshort	+0.0100%	4h	$599K	$342K	50x
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