data as of
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Funding arb /

MORPHO

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Funding spread now, next payment 18:00 UTC−0.0119%/8h
paid, last 24h+0.026%paid, last 7 days+0.150%to open and close $10k−$61
Long on PhoenixShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MORPHO2.6771−0.0030get 0.0004% / 1h56m 56s$34K$478K5x
ShortBybit MORPHOUSDT2.6740−0.0149pay 0.0074% / 4h1h 56m$8.8M$10.3M25x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
−$24.93
Slippage, 4 orders
−$42.99
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$85.92
Break-even
never at this rate
Slippage from Phoenix: live order book, 42 min ago; Bybit: live order book, 3 min ago.

Price risk

price view
Price gap now
−0.116%
Avg gap 7d
−0.095%
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 Phoenix live order book, 42 min ago1.11 bp13.0 bp −$1352.1 bp −$521doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago3.74 bp17.5 bp −$1771.1 bp −$711doesn't fitdoesn't fit

MORPHO on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_MORPHOUSD−0.2238%1h$84K$167K20xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.0945%1h$10K$74510xas long as short
01 Exchange MORPHOUSD−0.0824%1h$877$11K5xas long as short
Gate MORPHO_USDT−0.0664%4h$766K$534K50xas long as short
Polymarket Perps MORPHO-USD−0.0507%1h$26K$2.7M5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0352%1h$77K$47K25xas long as short
BloFin MORPHO-USDT−0.0222%4h$666K$205K20xas long as short
Orderly PERP_MORPHO_USDC−0.0204%4h$10K$34K10xas long as short
Bybit MORPHOUSDTshort−0.0149%4h$8.8M$10.3M25x
Phoenix MORPHOlong−0.0030%1h$34K$478K5x
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Reya MORPHORUSDPERP−0.0004%1h$16—10xas long as short
Extended MORPHO-USD+0.0016%1h$101K$304K10xas long as short
MEXC MORPHO_USDT+0.0016%4h$4.8M$1.2M100xas long as short
Binance MORPHOUSDT+0.0018%4h$16.5M$27.4M75xas long as short
Injective MORPHO/USDC PERP+0.0033%1h$38$34K5.5xas long as short
Variational Omni MORPHO+0.0062%4h$652K$1.4M—as long as short
Lighter MORPHO+0.0096%1h$319K$364K5xas long as short
Paradex MORPHO-USD-PERP+0.0099%8h$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h$6.4M$7.1M5xas long as short
Aster MORPHOUSDT+0.0100%4h$58K$31K20xas long as short
OKX MORPHO-USDT-SWAP+0.0100%4h$3.2M$4.6M20xas long as short
KuCoin MORPHOUSDTM+0.0100%4h$595K$344K50xas long as short
Bitget MORPHOUSDT+0.0100%4h$2.9M$2.1M75xas long as short
BingX MORPHO-USDT+0.0100%4h—$1.5M—as long as short
SoDEX MORPHO-USD+0.0100%1h$22K$2K5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0158% / S −0.0698%1h$2K—100xas long as short