MORPHO

Alert

Funding spread now, next payment 18:00 UTC−0.0450%/8h

next payment, per $10,000−$0.56paid, last 24h−0.146%paid, last 3 days−0.222%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix MORPHO	2.6853	−0.0030	get 0.0004% / 1h	41m 31s	$35K	$478K	5x
Short	01 Exchange MORPHOUSD	2.6784	−0.0480	pay 0.0060% / 1h	41m 31s	$880	$12K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee 01 ExchangebpOrdersRate

Funding earned: −$94.52
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$108.52
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 58 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.257%
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 Phoenix live order book, 58 min ago	1.11 bp	13.0 bp −$13	52.1 bp −$521	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.2229%	1h	$85K	$166K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0942%	1h	$10K	$745	10x	as long as short
Gate MORPHO_USDT	−0.0574%	4h	$773K	$538K	50x	as long as short
01 Exchange MORPHOUSDshort	−0.0480%	1h	$880	$12K	5x
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$78K	$47K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0285%	1h	$27K	$2.7M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0210%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0117%	4h	$8.8M	$10.3M	25x	as long as short
BloFin MORPHO-USDT	−0.0111%	4h	$663K	$205K	20x	as long as short
Phoenix MORPHOlong	−0.0030%	1h	$35K	$478K	5x

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Extended MORPHO-USD	+0.0056%	1h	$101K	$304K	10x	as long as short
MEXC MORPHO_USDT	+0.0058%	4h	$4.8M	$1.2M	100x	as long as short
Binance MORPHOUSDT	+0.0059%	4h	$16.5M	$27.4M	75x	as long as short
Lighter MORPHO	+0.0096%	1h	$320K	$364K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Variational Omni MORPHO	+0.0100%	4h	$654K	$1.4M	—	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.4M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$58K	$32K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$4.6M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$599K	$347K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$2.9M	$2.1M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$22K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0157% / S −0.0698%	1h	$2K	—	100x	as long as short