Funding you earn now, next payment 23:00 UTC−0.1252%/8h= −137.1% APRpaid last 24h −0.186%
Price spread now: 01 Exchange against Bitget−0.151%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and 01 Exchange is 0.151% cheaper against Bitget than usual: you would sell low and buy high (−$15 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 | Bitget MORPHOUSDT | 2.6452 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $2.9M | $1.9M | 75x |
| Short | 01 Exchange MORPHOUSD | 2.6412 | −0.1152 | pay 0.0144% / 1h | 41m 04s | $868 | $13K | 5x |
Bitget MORPHOUSDT
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange against Bitget. 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
- −$262.92
- Price spread: −0.151% → 0.000%
- −$15.12
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$297.04
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 1 min ago; 01 Exchange: 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 Bitget live order book, 1 min ago | 2.08 bp | 30.5 bp −$30 | 82.4 bp −$824 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | −0.1858% | 1h | 2.6410 | −0.160% | $82K | $150K | 20x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.1152% | 1h | 2.6412 | −0.151% | $868 | $13K | 5x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.1109% | 1h | 2.6447 | −0.019% | $11K | $911 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0616% | 1h | 2.6458 | +0.023% | $26K | $1.7M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0588% | 4h | 2.6457 | +0.019% | $8.5M | $9.5M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0572% | 4h | 2.6428 | −0.091% | $29K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.083% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6427 | −0.095% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0172% | 4h | 2.6465 | +0.049% | $641K | $245K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0160% | 4h | 2.6479 | +0.102% | $771K | $530K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0155% | 4h | 2.6442 | −0.038% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6514 | +0.234% | $34K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0014% | 4h | 2.6447 | −0.017% | $628K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6455 | +0.012% | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | +0.0086% | 4h | 2.6444 | −0.030% | $16.1M | $26.0M | 75x | as long as short |
| Extended MORPHO-USD | +0.0088% | 1h | 2.6449 | −0.013% | $103K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0088% | 4h | 2.6439 | −0.049% | $5.2M | $1.1M | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6486 | +0.127% | $315K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6476 | +0.091% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6502 | +0.189% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6476 | +0.089% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6456 | +0.015% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6479 | +0.102% | $619K | $263K | 50x | as long as short |
| Bitget MORPHOUSDTlong | +0.0100% | 4h | 2.6452 | long leg | $2.9M | $1.9M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6452 | 0.000% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6438 | −0.053% | $22K | $3K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6490 | +0.144% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Binance MORPHOUSDT
Extended MORPHO-USD
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]