MORPHO

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 3 days+0.120%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MORPHO	2.7369	0.0100	pay 0.0050% / 4h	3h 33m	$670K	$1.4M	—
Short	BingX MORPHO-USDT	2.7346	0.0100	get 0.0050% / 4h	3h 33m	—	$1.5M	—

Funding history

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Position, each leg$Hold fordaysFee Variational OmnibpFee BingXbpOrdersRate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; BingX: live order book, 5 min ago. Net counts fees only.

A gap far from its average can cost days of funding.

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

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 2 min ago	6.38 bp	doesn't fit	71.3 bp −$713	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	3.65 bp	17.9 bp −$18	38.8 bp −$388	255.4 bp −$25.5K	634.2 bp −$317.1K

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit MORPHO_USDC-PERPETUAL	−0.1211%	1h	$11K	$443	10x	as long as short
Kraken Futures PF_MORPHOUSD	−0.1052%	1h	$99K	$183K	20x	as long as short
01 Exchange MORPHOUSD	−0.0672%	1h	$897	$9K	5x	as long as short
Gate MORPHO_USDT	−0.0326%	4h	$767K	$574K	50x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0256%	1h	$79K	$52K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0244%	1h	$27K	$3.0M	5x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	$677K	$244K	20x	as long as short
Phoenix MORPHO	−0.0146%	1h	$35K	$554K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0133%	4h	$11K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	$16	—	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	$321K	$474K	5x	as long as short
Bybit MORPHOUSDT	+0.0098%	4h	$9.0M	$11.2M	25x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$60K	$34K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	$16.9M	$30.5M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	$3.2M	$5.6M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	$4.9M	$1.3M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	$663K	$380K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.6M	75x	as long as short
BingX MORPHO-USDTshort	+0.0100%	4h	—	$1.5M	—
Variational Omni MORPHOlong	+0.0100%	4h	$670K	$1.4M	—
SoDEX MORPHO-USD	+0.0100%	1h	$23K	$2K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	$103K	$304K	10x	as long as short
Hyperliquid MORPHO	+0.0132%	1h	$6.7M	$8.1M	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0197% / S −0.0897%	1h	$2K	—	100x	as long as short