MORPHO

Alert

Funding spread now, next payment 17:00 UTC+0.0076%/8h

paid, last 24h+0.031%paid, last 3 days+0.197%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MORPHORUSDPERP	2.7208	−0.0004	get 0.0001% / 1h	0m 08s	$16	—	10x
Short	MEXC MORPHO_USDT	2.7152	0.0072	get 0.0036% / 4h	3h 00m	$4.9M	$1.3M	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee MEXCbpOrdersRate

Funding earned: $16.02
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $6.02
Break-even: 4.4 days

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

Price risk

price view

Price gap now: −0.207%
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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	0.37 bp	5.9 bp −$6	39.5 bp −$395	200.2 bp −$20.0K	doesn't fit

Reya: 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
Deribit MORPHO_USDC-PERPETUAL	−0.1367%	1h	$11K	$443	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.1060%	1h	$93K	$182K	20x	as long as short
01 Exchange MORPHOUSD	−0.0744%	1h	$892	$10K	5x	as long as short
Gate MORPHO_USDT	−0.0608%	4h	$764K	$579K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0404%	1h	$26K	$2.9M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0256%	1h	$79K	$49K	25x	as long as short
Bybit MORPHOUSDT	−0.0214%	4h	$9.0M	$10.8M	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0156%	4h	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0146%	1h	$35K	$554K	5x	as long as short
BloFin MORPHO-USDT	−0.0145%	4h	$675K	$226K	20x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya MORPHORUSDPERPlong	−0.0004%	1h	$16	—	10x
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Binance MORPHOUSDT	+0.0053%	4h	$16.8M	$29.3M	75x	as long as short
Extended MORPHO-USD	+0.0056%	1h	$102K	$304K	10x	as long as short
MEXC MORPHO_USDTshort	+0.0072%	4h	$4.9M	$1.3M	100x
Lighter MORPHO	+0.0096%	1h	$319K	$476K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.6M	$7.8M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$59K	$34K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.2M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$659K	$363K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.4M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	$667K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short