MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0777%/8h= +85.1% APRnext payment +$0.97 per $10,000 · paid last 24h +0.286%

Price spread now: Coinbase International against Deribit−0.076%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Coinbase International

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

Funding pays, the price is against you. Coinbase International is 0.076% cheaper against Deribit than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MORPHO_USDC-PERPETUAL	2.6215	−0.0969	get 0.0121% / 1h	35m 09s	$11K	$955	10x
Short	Coinbase International MORPHO-PERP-INTX	2.6195	−0.0192	pay 0.0024% / 1h	35m 09s	$75K	$42K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. 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 DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.076%Rate

Funding earned: $163.21
Price spread: −0.076% → 0.000%: −$7.63
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $138.58
Costs to cover: 0.170%
Break-even: 1.1 days

Slippage unknown: Deribit: no order-book sample; Coinbase International: 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 Deribit no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

Deribit and Coinbase International: 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	−0.1674%	1h	2.6179	−0.137%	$81K	$128K	20x	as long as short
Deribit MORPHO_USDC-PERPETUALlong	−0.0969%	1h	2.6215	long leg	$11K	$955	10x
01 Exchange MORPHOUSD	−0.0592%	1h	2.6161	−0.206%	$860	$9K	5x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6197	−0.069%	$637K	$242K	20x	as long as short
Coinbase International MORPHO-PERP-INTXshort	−0.0192%	1h	2.6195	−0.076%	$75K	$42K	25x
Orderly PERP_MORPHO_USDC	−0.0157%	4h	2.6207	−0.031%	$10K	$34K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0124%	1h	2.6226	+0.042%	$25K	$1.8M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0120%	4h	2.6151	−0.245%	$32K	$142K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6223	+0.029%	$16	—	10x	as long as short
Phoenix MORPHO	0.0000%	1h	2.6153	−0.237%	$43K	$392K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.820%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0052%	4h	2.6216	+0.004%	$755K	$504K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6244	+0.109%	$314K	$308K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6208	−0.025%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6259	+0.168%	$6.2M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6213	−0.009%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6212	−0.010%	$15.8M	$25.7M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6229	+0.053%	$8.3M	$9.4M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6241	+0.099%	$3.2M	$4.4M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6211	−0.015%	$5.8M	$840K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6233	+0.069%	$597K	$252K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6209	−0.023%	$2.8M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6203	−0.046%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6220	+0.019%	$625K	$907K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6218	+0.011%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6199	−0.062%	$100K	$353K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6242	+0.102%	$1K	—	100x	as long as short