MORPHO

Alert

Funding spread now, next payment 17:00 UTC−0.0121%/8h

paid, last 24h−0.035%paid, last 3 days−0.072%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MORPHO	2.6743	0.0062	pay 0.0031% / 4h	1h 58m	$652K	$1.4M	—
Short	Phoenix MORPHO	2.6771	−0.0059	pay 0.0007% / 1h	58m 33s	$34K	$478K	5x

Funding history

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Position, each leg$Hold fordaysFee Variational OmnibpFee PhoenixbpOrdersRate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phoenix: live order book, 41 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	6.45 bp	doesn't fit	60.0 bp −$600	doesn't fit	doesn't fit
Sell Phoenix live order book, 41 min ago	1.11 bp	13.0 bp −$13	44.5 bp −$445	doesn't fit	doesn't fit

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.2239%	1h	$84K	$167K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0946%	1h	$10K	$745	10x	as long as short
01 Exchange MORPHOUSD	−0.0824%	1h	$876	$11K	5x	as long as short
Gate MORPHO_USDT	−0.0668%	4h	$766K	$534K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0631%	1h	$27K	$2.7M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0352%	1h	$77K	$47K	25x	as long as short
BloFin MORPHO-USDT	−0.0223%	4h	$666K	$205K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0203%	4h	$10K	$34K	10x	as long as short
Bybit MORPHOUSDT	−0.0159%	4h	$8.8M	$10.3M	25x	as long as short
Phoenix MORPHOshort	−0.0059%	1h	$34K	$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
Extended MORPHO-USD	+0.0016%	1h	$101K	$304K	10x	as long as short
MEXC MORPHO_USDT	+0.0016%	4h	$4.8M	$1.2M	100x	as long as short
Binance MORPHOUSDT	+0.0018%	4h	$16.5M	$27.4M	75x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	$38	$34K	5.5x	as long as short
Variational Omni MORPHOlong	+0.0062%	4h	$652K	$1.4M	—
Lighter MORPHO	+0.0096%	1h	$319K	$363K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0099%	8h	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	$6.4M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	$58K	$31K	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	$595K	$344K	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 +0.0158% / S −0.0698%	1h	$2K	—	100x	as long as short