MORPHO

Alert

Funding spread now, next payment 17:00 UTC+0.0796%/8h

paid, last 24h+0.172%paid, last 3 days+0.273%to open and closeno order book

Long on 01 Exchange Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MORPHOUSD	2.7372	−0.0696	get 0.0087% / 1h	31m 32s	$899	$10K	5x
Short	Variational Omni MORPHO	2.7369	0.0100	get 0.0050% / 4h	3h 31m	$670K	$1.4M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee Variational OmnibpOrdersRate

Funding earned: $167.16
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $160.16
Break-even: 0.3 days

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.011%
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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	6.38 bp	doesn't fit	67.4 bp −$674	doesn't fit	doesn't fit

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	−0.1052%	1h	$99K	$183K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0992%	1h	$11K	$443	10x	as long as short
01 Exchange MORPHOUSDlong	−0.0696%	1h	$899	$10K	5x
Gate MORPHO_USDT	−0.0322%	4h	$767K	$574K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0258%	1h	$27K	$3.0M	5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0256%	1h	$79K	$52K	25x	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	−0.0135%	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
Bybit MORPHOUSDT	+0.0081%	4h	$9.0M	$11.2M	25x	as long as short
Lighter MORPHO	+0.0096%	1h	$321K	$474K	5x	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	$3.3M	$5.7M	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	$664K	$380K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	$3.0M	$2.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	—	$1.5M	—	as long as short
Variational Omni MORPHOshort	+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