data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb /

MORPHO

all MORPHO markets
SwapPrice view
Alert
Measured
My alerts

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 17:00 UTC+0.0159%/8h
paid, last 24h+0.035%paid, last 3 days+0.072%to open and closeno order book
Long on PhoenixShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix MORPHO2.7094−0.0059get 0.0007% / 1h39m 22s$35K$517K5x
ShortVariational Omni MORPHO2.70910.0100get 0.0050% / 4h2h 39m$662K$1.4M—

Funding history

latest
Range statsloading…

Funding on every exchange

click an exchange to add or hide it
latest

Profit calculator

Funding earned
$33.35
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$26.35
Break-even
1.5 days
Slippage unknown: Phoenix: live order book, 65 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.009%
Avg gap 7d
−0.130%
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, 65 min ago1.09 bp12.9 bp −$1352.0 bp −$520doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 1 min ago4.58 bpdoesn't fit70.9 bp −$709doesn't fitdoesn't fit

MORPHO on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
01 Exchange MORPHOUSD−0.0968%1h$888$11K5xas long as short
Kraken Futures PF_MORPHOUSD−0.0922%1h$93K$174K20xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.0892%1h$11K$44310xas long as short
Gate MORPHO_USDT−0.0554%4h$764K$539K50xas long as short
Polymarket Perps MORPHO-USD−0.0449%1h$27K$2.8M5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0336%1h$79K$49K25xas long as short
BloFin MORPHO-USDT−0.0238%4h$673K$222K20xas long as short
Orderly PERP_MORPHO_USDC−0.0179%4h$10K$34K10xas long as short
Bybit MORPHOUSDT−0.0132%4h$9.0M$10.7M25xas long as short
Phoenix MORPHOlong−0.0059%1h$35K$517K5x
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Extended MORPHO-USD−0.0008%1h$102K$304K10xas long as short
Reya MORPHORUSDPERP−0.0004%1h$16—10xas long as short
Binance MORPHOUSDT−0.0004%4h$16.7M$28.8M75xas long as short
MEXC MORPHO_USDT−0.0004%4h$4.8M$1.2M100xas long as short
Injective MORPHO/USDC PERP+0.0033%1h$38$34K5.5xas long as short
Lighter MORPHO+0.0096%1h$319K$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-SWAP+0.0100%4h$3.2M$5.1M20xas long as short
KuCoin MORPHOUSDTM+0.0100%4h$656K$357K50xas long as short
Bitget MORPHOUSDT+0.0100%4h$3.0M$2.3M75xas long as short
BingX MORPHO-USDT+0.0100%4h—$1.5M—as long as short
Variational Omni MORPHOshort+0.0100%4h$662K$1.4M—
SoDEX MORPHO-USD+0.0100%1h$23K$2K5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0197% / S −0.0897%1h$2K—100xas long as short