MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+15.8502%/8h= +17356.0% APRnext payment +$198.13 per $10,000 · paid last 24h +7.893%

Price spread now: GMX against Kraken Futures+0.185%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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

Both sides work for this trade now. Funding pays +$4,755 a day on $10k at the current rate, and GMX is 0.185% dearer against Kraken Futures than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MORPHOUSD	2.6210	−0.1672	get 0.0209% / 1h	10m 23s	$81K	$127K	20x
Short	GMX MORPHO/USD [ETH-USDC]	2.6259	L +0.0186% / S −15.6829%	get 1.9604% / 1h	10m 23s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.185%Rate

Funding earned: $33,285.39
Price spread: +0.185% → 0.000%: $18.49
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $33,281.88
Costs to cover: 0.220%
Break-even: 0.0 days

Slippage unknown: Kraken Futures: live order book, 52 min ago; 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 Kraken Futures live order book, 52 min ago	17.33 bp	29.9 bp −$30	3538.3 bp −$35.4K	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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_MORPHOUSDlong	−0.1672%	1h	2.6210	long leg	$81K	$127K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.1082%	1h	2.6234	+0.090%	$11K	$759	10x	as long as short
01 Exchange MORPHOUSD	−0.0704%	1h	2.6203	−0.028%	$861	$9K	5x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6232	+0.082%	$603K	$241K	20x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0192%	1h	2.6345	+0.513%	$75K	$42K	25x	as long as short
GRVT MORPHO_USDT_Perp	−0.0174%	4h	2.6231	+0.077%	$32K	$142K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0166%	1h	2.6257	+0.178%	$25K	$1.7M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0156%	4h	2.6230	+0.075%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.6248	+0.142%	$16	—	10x	as long as short
Phoenix MORPHO	0.0000%	1h	2.6287	+0.292%	$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
Gate MORPHO_USDT	+0.0004%	4h	2.6288	+0.296%	$759K	$506K	50x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.838%	$37	$242K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6286	+0.287%	$315K	$308K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6238	+0.105%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6301	+0.345%	$6.2M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6253	+0.164%	$58K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6231	+0.080%	$15.8M	$25.3M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6254	+0.166%	$8.3M	$9.2M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6253	+0.162%	$3.2M	$4.3M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6245	+0.132%	$5.8M	$844K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6284	+0.281%	$597K	$252K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6253	+0.162%	$2.8M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6256	+0.174%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6260	+0.189%	$626K	$848K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6240	+0.113%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6234	+0.088%	$101K	$350K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]short	L +0.0186% / S −15.6829%	1h	2.6259	+0.185%	$1K	—	100x