MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h +0.008%

Price spread now: Coinbase International against Extended+0.162%7-day average — · you sell dearer than you buy

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

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Coinbase International is 0.162% dearer against Extended than usual: you sell high and buy low (spread +0.162% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 42 hours. Mind the row above: over the last 7 days funding on this pair paid +0.170%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.170% in total (about 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MORPHO-USD	2.5902	0.0096	pay 0.0012% / 1h	55m 39s	$99K	$343K	10x
Short	Coinbase International MORPHO-PERP-INTX	2.5944	−0.0216	pay 0.0027% / 1h	55m 39s	$74K	$41K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.162%Rate

Funding earned: −$65.52
Price spread: +0.162% → 0.000%: $16.21
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$64.31
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Extended: live order book, 57 min ago; 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 Extended live order book, 57 min ago	2.68 bp	22.2 bp −$22	231.8 bp −$2,318	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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	−0.1557%	1h	2.5922	+0.075%	$80K	$127K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1137%	1h	2.5925	+0.089%	$11K	$2K	10x	as long as short
01 Exchange MORPHOUSD	−0.0864%	1h	2.5872	−0.116%	$850	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0488%	4h	2.5954	+0.202%	$33K	$133K	10x	as long as short
Coinbase International MORPHO-PERP-INTXshort	−0.0216%	1h	2.5944	+0.162%	$74K	$41K	25x
BloFin MORPHO-USDT	−0.0195%	4h	2.5872	−0.116%	$636K	$243K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0129%	4h	2.5933	+0.120%	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0061%	1h	2.5945	+0.166%	$33K	$330K	5x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.5922	+0.076%	$16	—	10x	as long as short
Polymarket Perps MORPHO-USD	+0.0001%	1h	2.5936	+0.131%	$24K	$1.5M	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	+2.038%	$37	$242K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.5964	+0.237%	$312K	$294K	5x	as long as short
Extended MORPHO-USDlong	+0.0096%	1h	2.5902	long leg	$99K	$343K	10x
MEXC MORPHO_USDT	+0.0096%	4h	2.5913	+0.042%	$6.0M	$823K	100x	as long as short
Binance MORPHOUSDT	+0.0096%	4h	2.5915	+0.050%	$15.7M	$24.0M	75x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.5918	+0.063%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.5962	+0.232%	$5.9M	$6.8M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.5952	+0.191%	$57K	$30K	20x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.5932	+0.116%	$8.0M	$8.5M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.5942	+0.154%	$3.2M	$4.0M	20x	as long as short
Gate MORPHO_USDT	+0.0100%	4h	2.5921	+0.073%	$772K	$479K	50x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.5941	+0.151%	$595K	$246K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.5898	−0.015%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5919	+0.066%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.5945	+0.168%	$616K	$677K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.5919	+0.066%	$21K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.5957	+0.214%	$1K	—	100x	as long as short