Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Binance+0.026%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2052.048% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.026%, 7d avg +0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.033% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6506 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $16.3M | $26.9M | 75x |
| Short | KuCoin MORPHOUSDTM | 2.6513 | 0.0100 | get 0.0050% / 4h | 2h 48m | $598K | $272K | 50x |
Binance MORPHOUSDT
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.026% → +0.059%
- −$3.26
- Slippage, 4 orders
- −$182.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$208.1
- Costs to cover
- 2.048%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 34 min ago.
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 Binance live order book, 8 min ago | 0.19 bp | 16.1 bp −$16 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 34 min ago | 13.94 bp | 110.0 bp −$110 | 196.8 bp −$1,968 | doesn't fit | doesn't fit |
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 | −0.2063% | 1h | 2.6418 | −0.333% | $82K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1333% | 1h | 2.6483 | −0.087% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1288% | 1h | 2.6422 | −0.317% | $868 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0634% | 1h | 2.6478 | −0.106% | $25K | $1.9M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0632% | 4h | 2.6610 | +0.392% | $30K | $162K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6670 | +0.619% | $37 | $142K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6445 | −0.230% | $76K | $46K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0236% | 4h | 2.6517 | +0.042% | $8.6M | $10.1M | 25x | as long as short |
| Gate MORPHO_USDT | −0.0232% | 4h | 2.6508 | +0.008% | $758K | $521K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6487 | −0.072% | $649K | $216K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Gate MORPHO_USDT
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0192% | 4h | 2.6473 | −0.125% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6664 | +0.596% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6473 | −0.123% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6546 | +0.152% | $316K | $335K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6471 | −0.133% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6552 | +0.174% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6520 | +0.052% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDTlong | +0.0100% | 4h | 2.6506 | long leg | $16.3M | $26.9M | 75x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6528 | +0.083% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6498 | −0.030% | $5.3M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6513 | +0.026% | $598K | $272K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6501 | −0.019% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6509 | +0.011% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6630 | +0.468% | $647K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6471 | −0.132% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6500 | −0.021% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6503 | −0.012% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]