MORPHO

Alert

Funding spread now, next payment 16:00 UTC0.0000%/8h

paid, last 24h+0.001%paid, last 3 days+0.105%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex MORPHO-USD-PERP	2.7389	0.0100	pay 0.0100% / 8h	1h 44m	$5K	$3	5x
Short	MEXC MORPHO_USDT	2.7392	0.0100	get 0.0050% / 4h	1h 44m	$4.8M	$1.3M	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee MEXCbpOrdersRate

Funding earned: $0.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$7.99
Break-even: 3777.3 days

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.013%
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 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.18 bp	6.1 bp −$6	47.1 bp −$471	177.2 bp −$17.7K	doesn't fit

Paradex: 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 25 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	−0.1135%	1h	$11K	$443	10x	as long as short
Gate MORPHO_USDT	−0.0430%	4h	$769K	$583K	50x	as long as short
Kraken Futures PF_MORPHOUSD	−0.0372%	1h	$99K	$197K	20x	as long as short
Polymarket Perps MORPHO-USD	−0.0338%	1h	$34K	$3.0M	5x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	$685K	$253K	20x	as long as short
Bybit MORPHOUSDT	−0.0150%	4h	$9.0M	$10.9M	25x	as long as short
Phoenix MORPHO	−0.0058%	1h	$35K	$514K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0042%	4h	$11K	$34K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0032%	1h	$80K	$52K	25x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$137K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$319K	$465K	5x	as long as short
Paradex MORPHO-USD-PERPlong	+0.0100%	8h	$5K	$3	5x
Hyperliquid MORPHO	+0.0100%	1h	$6.6M	$8.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	$16.7M	$29.9M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.3M	$5.7M	20x	as long as short
MEXC MORPHO_USDTshort	+0.0100%	4h	$4.8M	$1.3M	100x
KuCoin MORPHOUSDTM	+0.0100%	4h	$635K	$341K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$676K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	$103K	$310K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0191% / S −0.0633%	1h	$1K	—	100x	as long as short