MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0243%/8h= +26.6% APRnext payment +$1.21 per $10,000 · paid last 24h +0.063%

Price spread now: MEXC against Orderly−0.053%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. MEXC is 0.053% cheaper against Orderly than usual: you would sell low and buy high (spread −0.053% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MORPHO_USDC	2.6500	−0.0143	get 0.0071% / 4h	3h 35m	$10K	$34K	10x
Short	MEXC MORPHO_USDT	2.6486	0.0100	get 0.0050% / 4h	3h 35m	$5.5M	$903K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee MEXCbpOrdersPrice spread, now −0.053%Rate

Funding earned: $51.01
Price spread: −0.053% → 0.000%: −$5.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $35.73
Costs to cover: 0.100%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	3.39 bp	8.6 bp −$9	44.3 bp −$443	162.6 bp −$16.3K	doesn't fit

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 27 venues

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	−0.1834%	1h	2.6496	−0.014%	$80K	$132K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0730%	1h	2.6514	+0.053%	$11K	$785	10x	as long as short
01 Exchange MORPHOUSD	−0.0432%	1h	2.6475	−0.094%	$870	$13K	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0280%	1h	2.6488	−0.045%	$76K	$43K	25x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6486	−0.053%	$638K	$229K	20x	as long as short
Variational Omni MORPHO	−0.0192%	4h	2.6501	+0.003%	$630K	$1.0M	—	as long as short
Orderly PERP_MORPHO_USDClong	−0.0143%	4h	2.6500	long leg	$10K	$34K	10x
Polymarket Perps MORPHO-USD	−0.0110%	1h	2.6489	−0.042%	$28K	$1.7M	5x	as long as short
Bybit MORPHOUSDT	−0.0069%	4h	2.6501	+0.004%	$8.4M	$9.2M	25x	as long as short
Phoenix MORPHO	−0.0030%	1h	2.6538	+0.143%	$43K	$474K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya MORPHORUSDPERP	−0.0004%	1h	2.6489	−0.041%	$16	—	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	−0.264%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0060%	4h	2.6508	+0.030%	$768K	$516K	50x	as long as short
GRVT MORPHO_USDT_Perp	+0.0064%	4h	2.6465	−0.134%	$41K	$133K	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6536	+0.137%	$318K	$325K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6489	−0.043%	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6511	+0.040%	$58K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6482	−0.069%	$16.0M	$25.8M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6501	+0.004%	$3.2M	$4.5M	20x	as long as short
MEXC MORPHO_USDTshort	+0.0100%	4h	2.6486	−0.053%	$5.5M	$903K	100x
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6515	+0.057%	$593K	$265K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6492	−0.030%	$2.9M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6504	+0.015%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6505	+0.019%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6483	−0.065%	$101K	$451K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0158% / S −0.3418%	1h	2.6523	+0.088%	$1K	—	100x	as long as short
Hyperliquid MORPHO	+0.0385%	1h	2.6560	+0.226%	$6.3M	$7.0M	5x	as long as short