MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: KuCoin against Hyperliquid−0.100%7-day average −0.103% · you buy dearer than you sell

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

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now −0.100%, 7d avg −0.103%

Together, before fees−0.245%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MORPHO	2.5976	0.0100	pay 0.0013% / 1h	18m 13s	$5.9M	$6.9M	5x
Short	KuCoin MORPHOUSDTM	2.5950	0.0100	get 0.0050% / 4h	2h 18m	$598K	$246K	50x

Funding history

latest

Range statsloading…

KuCoin against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.100%Rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; KuCoin: live order book, 41 min ago. Net counts fees only.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 4 min ago	0.19 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 41 min ago	15.21 bp	107.1 bp −$107	202.2 bp −$2,022	doesn't fit	doesn't fit

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	−0.1556%	1h	2.5948	−0.107%	$81K	$128K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1482%	1h	2.5939	−0.142%	$11K	$2K	10x	as long as short
01 Exchange MORPHOUSD	−0.0824%	1h	2.5920	−0.216%	$852	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0340%	4h	2.5827	−0.575%	$32K	$134K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0216%	1h	2.5783	−0.743%	$73K	$39K	25x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.5903	−0.281%	$631K	$239K	20x	as long as short
Phoenix MORPHO	−0.0154%	1h	2.5939	−0.142%	$33K	$330K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0129%	4h	2.5947	−0.112%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.5950	−0.101%	$16	—	10x	as long as short
Polymarket Perps MORPHO-USD	+0.0022%	1h	2.5950	−0.100%	$25K	$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	+1.748%	$37	$242K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.5971	−0.019%	$312K	$295K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.5961	−0.058%	$5K	$3	5x	as long as short
Hyperliquid MORPHOlong	+0.0100%	1h	2.5976	long leg	$5.9M	$6.9M	5x
Aster MORPHOUSDT	+0.0100%	4h	2.5942	−0.130%	$57K	$31K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.5936	−0.156%	$15.7M	$24.2M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.5965	−0.042%	$8.0M	$8.5M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.5956	−0.077%	$3.2M	$4.0M	20x	as long as short
Gate MORPHO_USDT	+0.0100%	4h	2.5939	−0.142%	$758K	$497K	50x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.5935	−0.158%	$6.2M	$911K	100x	as long as short
KuCoin MORPHOUSDTMshort	+0.0100%	4h	2.5950	−0.100%	$598K	$246K	50x
Bitget MORPHOUSDT	+0.0100%	4h	2.5947	−0.112%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5948	−0.108%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.5880	−0.368%	$615K	$677K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.5937	−0.150%	$21K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.5926	−0.193%	$100K	$347K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0145% / S +0.0040%	1h	2.5969	−0.028%	$6K	—	100x	as long as short