Funding you earn now, next payment 06:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h −0.029%
Price spread now: Reya against Binance−0.071%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.071% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.5848 | 0.0088 | pay 0.0044% / 4h | 2h 42m | $15.6M | $24.1M | 75x |
| Short | Reya MORPHORUSDPERP | 2.5830 | −0.0005 | pay 0.0001% / 1h | 42m 26s | $15 | — | 10x |
Binance MORPHOUSDT
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$19.45
- Price spread: −0.071% → 0.000%
- −$7.07
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$42.52
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 min ago; Reya: 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 Binance live order book, 14 min ago | 0.96 bp | 14.4 bp −$14 | 39.2 bp −$392 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.1562% | 1h | 2.5844 | −0.017% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1257% | 1h | 2.5843 | −0.019% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0896% | 1h | 2.5779 | −0.267% | $847 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0388% | 4h | 2.5911 | +0.245% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5930 | +0.317% | $74K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0187% | 4h | 2.5888 | +0.155% | $634K | $244K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5963 | +0.445% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0134% | 4h | 2.5854 | +0.023% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0005% | 1h | 2.5830 | −0.071% | $15 | — | 10x | |
| Polymarket Perps MORPHO-USD | +0.0004% | 1h | 2.5849 | +0.004% | $28K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USDShow 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 | +2.252% | $37 | $242K | 5.5x | as long as short |
| Extended MORPHO-USD | +0.0088% | 1h | 2.5834 | −0.053% | $104K | $348K | 10x | as long as short |
| Binance MORPHOUSDTlong | +0.0088% | 4h | 2.5848 | long leg | $15.6M | $24.1M | 75x | |
| MEXC MORPHO_USDT | +0.0092% | 4h | 2.5821 | −0.104% | $6.0M | $829K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5908 | +0.233% | $312K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5834 | −0.054% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5877 | +0.111% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5838 | −0.039% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5863 | +0.058% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5879 | +0.120% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5823 | −0.097% | $766K | $482K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5869 | +0.081% | $594K | $247K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5845 | −0.012% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5849 | +0.004% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5930 | +0.319% | $617K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5866 | +0.070% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0164% / S −0.0005% | 1h | 2.5872 | +0.093% | $5K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]