MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against OKX−0.061%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.529% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.061%, 7d avg −0.045%

Together, before fees−0.003%$0 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	2.6364	0.0100	pay 0.0050% / 4h	2h 44m	$3.2M	$4.3M	20x
Short	MEXC MORPHO_USDT	2.6348	0.0100	get 0.0050% / 4h	2h 44m	$5.5M	$879K	100x

Funding history

latest

Range statsloading…

MEXC 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 MEXCbpOrdersPrice spread, now −0.061%Rate

Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 8 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, 3 min ago	1.14 bp	21.2 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	0.38 bp	6.1 bp −$6	40.6 bp −$406	198.5 bp −$19.8K	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	−0.1902%	1h	2.6338	−0.100%	$80K	$126K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0584%	1h	2.6343	−0.080%	$11K	$785	10x	as long as short
01 Exchange MORPHOUSD	−0.0560%	1h	2.6280	−0.319%	$864	$11K	5x	as long as short
BloFin MORPHO-USDT	−0.0237%	4h	2.6347	−0.064%	$643K	$238K	20x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0232%	1h	2.6471	+0.406%	$76K	$43K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0165%	1h	2.6312	−0.197%	$37K	$1.8M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0151%	4h	2.6334	−0.114%	$10K	$34K	10x	as long as short
GRVT MORPHO_USDT_Perp	−0.0070%	4h	2.6366	+0.008%	$40K	$133K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6304	−0.227%	$16	—	10x	as long as short
Gate MORPHO_USDT	+0.0030%	4h	2.6330	−0.129%	$758K	$495K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix MORPHO	+0.0030%	1h	2.6363	−0.004%	$43K	$426K	5x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.250%	$37	$242K	5.5x	as long as short
Variational Omni MORPHO	+0.0082%	4h	2.6341	−0.088%	$627K	$924K	—	as long as short
Lighter MORPHO	+0.0096%	1h	2.6477	+0.428%	$317K	$319K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6277	−0.328%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6401	+0.141%	$6.2M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6324	−0.152%	$58K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6344	−0.076%	$15.9M	$25.2M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6340	−0.091%	$8.3M	$9.3M	25x	as long as short
OKX MORPHO-USDT-SWAPlong	+0.0100%	4h	2.6364	long leg	$3.2M	$4.3M	20x
MEXC MORPHO_USDTshort	+0.0100%	4h	2.6348	−0.061%	$5.5M	$879K	100x
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6349	−0.057%	$595K	$255K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6348	−0.061%	$2.9M	$1.7M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6347	−0.064%	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6348	−0.061%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6327	−0.141%	$101K	$358K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −0.4126%	1h	2.6339	−0.096%	$1K	—	100x	as long as short