MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.008%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$390.386% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.008%, 7d avg +0.004%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MORPHO_USDT	2.6612	0.0014	pay 0.0007% / 4h	49m 35s	$5.5M	$940K	100x
Short	Binance MORPHOUSDT	2.6614	0.0018	get 0.0009% / 4h	49m 35s	$16.1M	$25.8M	75x

Funding history

latest

Range statsloading…

Binance against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now +0.008%Rate

Slippage from MEXC: live order book, 3 min ago; Binance: live order book, 7 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 3 min ago	0.56 bp	4.9 bp −$5	35.9 bp −$359	170.4 bp −$17.0K	doesn't fit
Sell Binance live order book, 7 min ago	0.19 bp	14.5 bp −$14	37.0 bp −$370	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	−0.1749%	1h	2.6592	−0.076%	$82K	$146K	20x	as long as short
01 Exchange MORPHOUSD	−0.0608%	1h	2.6582	−0.113%	$873	$12K	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0537%	1h	2.6648	+0.135%	$11K	$812	10x	as long as short
GRVT MORPHO_USDT_Perp	−0.0536%	4h	2.6564	−0.180%	$29K	$134K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0480%	1h	2.6637	+0.094%	$26K	$1.7M	5x	as long as short
Injective MORPHO/USDC PERP	−0.0405%	1h	2.6430	−0.684%	$37	$242K	5.5x	as long as short
Bybit MORPHOUSDT	−0.0377%	4h	2.6620	+0.030%	$8.5M	$9.2M	25x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0360%	1h	2.6654	+0.158%	$77K	$43K	25x	as long as short
BloFin MORPHO-USDT	−0.0225%	4h	2.6567	−0.169%	$638K	$251K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0146%	4h	2.6634	+0.083%	$10K	$34K	10x	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	−0.0124%	4h	2.6608	−0.015%	$773K	$531K	50x	as long as short
Variational Omni MORPHO	−0.0109%	4h	2.6572	−0.152%	$630K	$1.0M	—	as long as short
Phoenix MORPHO	−0.0060%	1h	2.6556	−0.210%	$44K	$477K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6630	+0.070%	$16	—	10x	as long as short
MEXC MORPHO_USDTlong	+0.0014%	4h	2.6612	long leg	$5.5M	$940K	100x
Extended MORPHO-USD	+0.0016%	1h	2.6609	−0.012%	$103K	$301K	10x	as long as short
Binance MORPHOUSDTshort	+0.0018%	4h	2.6614	+0.008%	$16.1M	$25.8M	75x
Lighter MORPHO	+0.0096%	1h	2.6650	+0.141%	$317K	$331K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6622	+0.038%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6662	+0.188%	$6.3M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6585	−0.103%	$58K	$31K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6613	+0.004%	$3.2M	$4.5M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6625	+0.049%	$596K	$271K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6621	+0.034%	$2.9M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6611	−0.004%	—	$1.5M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6626	+0.053%	$22K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0188% / S −0.3373%	1h	2.6659	+0.175%	$1K	—	100x	as long as short