data as of
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Funding arb /

MORPHO

all MORPHO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 20:00 UTC−0.0284%/8h
next payment, per $10,000−$1.42paid, last 24h−0.060%paid, last 5 days−0.300%to open and closeno order book
Long on OKXShort on Orderly
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MORPHO-USDT-SWAP2.70720.0100pay 0.0050% / 4h2h 33m$3.2M$5.0M20x
ShortOrderly PERP_MORPHO_USDC2.7031−0.0184pay 0.0092% / 4h2h 33m$10K$34K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$59.69
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$75.69
Break-even
never at this rate
Slippage unknown: OKX: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.151%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago1.48 bp20.1 bp −$20152.6 bp −$1,526doesn't fitdoesn't fit
Sell Orderly no order-book sample—————
Orderly: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
01 Exchange MORPHOUSD−0.0936%1h$888$11K5xas long as short
Kraken Futures PF_MORPHOUSD−0.0925%1h$93K$173K20xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.0895%1h$11K$44310xas long as short
Gate MORPHO_USDT−0.0604%4h$764K$541K50xas long as short
Polymarket Perps MORPHO-USD−0.0422%1h$27K$2.7M5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0336%1h$79K$49K25xas long as short
Orderly PERP_MORPHO_USDCshort−0.0184%4h$10K$34K10x
Bybit MORPHOUSDT−0.0145%4h$8.9M$10.6M25xas long as short
Phoenix MORPHO−0.0059%1h$35K$517K5xas long as short
Reya MORPHORUSDPERP−0.0004%1h$16—10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BloFin MORPHO-USDT−0.0003%4h$675K$222K20xas long as short
MEXC MORPHO_USDT−0.0002%4h$4.8M$1.2M100xas long as short
Binance MORPHOUSDT−0.0001%4h$16.7M$28.7M75xas long as short
Extended MORPHO-USD0.0000%1h$102K$304K10xas long as short
Injective MORPHO/USDC PERP+0.0033%1h$38$34K5.5xas long as short
Lighter MORPHO+0.0096%1h$318K$364K5xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h$6.6M$7.8M5xas long as short
Aster MORPHOUSDT+0.0100%4h$59K$32K20xas long as short
OKX MORPHO-USDT-SWAPlong+0.0100%4h$3.2M$5.0M20x
KuCoin MORPHOUSDTM+0.0100%4h$603K$374K50xas long as short
Bitget MORPHOUSDT+0.0100%4h$3.0M$2.2M75xas long as short
BingX MORPHO-USDT+0.0100%4h—$1.5M—as long as short
Variational Omni MORPHO+0.0100%4h$661K$1.4M—as long as short
SoDEX MORPHO-USD+0.0100%1h$23K$2K5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0158% / S −0.0698%1h$2K—100xas long as short