MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.4406%/8h= +482.5% APRnext payment +$5.51 per $10,000 · paid last 24h +5.841%

Price spread now: GMX against Coinbase International−0.007%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$132 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MORPHO-PERP-INTX	2.6715	−0.0280	get 0.0035% / 1h	8m 29s	$77K	$43K	25x
Short	GMX MORPHO/USD [ETH-USDC]	2.6713	L +0.0187% / S −0.4126%	get 0.0516% / 1h	8m 29s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $925.3
Price spread: −0.007% → 0.000%: −$0.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $902.56
Costs to cover: 0.220%
Break-even: 0.2 days

Slippage unknown: Coinbase International: no order-book sample; GMX: no order-book sample. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Coinbase International and GMX: 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 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_MORPHOUSD	−0.1824%	1h	2.6654	−0.228%	$81K	$125K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0835%	1h	2.6707	−0.030%	$11K	$785	10x	as long as short
01 Exchange MORPHOUSD	−0.0416%	1h	2.6682	−0.124%	$877	$13K	5x	as long as short
Coinbase International MORPHO-PERP-INTXlong	−0.0280%	1h	2.6715	long leg	$77K	$43K	25x
BloFin MORPHO-USDT	−0.0200%	4h	2.6704	−0.041%	$606K	$233K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0144%	4h	2.6692	−0.086%	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0030%	1h	2.6710	−0.019%	$44K	$474K	5x	as long as short
Variational Omni MORPHO	−0.0029%	4h	2.6676	−0.147%	$636K	$926K	—	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6701	−0.053%	$16	—	10x	as long as short
Polymarket Perps MORPHO-USD	+0.0004%	1h	2.6698	−0.064%	$25K	$1.7M	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MORPHO_USDT_Perp	+0.0028%	4h	2.6704	−0.041%	$41K	$133K	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	−1.067%	$37	$242K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6790	+0.281%	$321K	$325K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6675	−0.151%	$5K	$3	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6708	−0.025%	$58K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6673	−0.157%	$16.2M	$25.4M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6699	−0.060%	$8.6M	$9.0M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6700	−0.056%	$3.2M	$4.3M	20x	as long as short
Gate MORPHO_USDT	+0.0100%	4h	2.6684	−0.116%	$770K	$525K	50x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6671	−0.165%	$5.6M	$906K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6706	−0.034%	$601K	$262K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6698	−0.064%	$2.9M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6685	−0.112%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6706	−0.034%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6668	−0.176%	$102K	$362K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]short	L +0.0187% / S −0.4126%	1h	2.6713	−0.007%	$1K	—	100x
Hyperliquid MORPHO	+0.0355%	1h	2.6763	+0.180%	$6.3M	$6.9M	5x	as long as short