Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.68 per $10,000 · paid last 24h −0.026%
Price spread now: Gate against BloFin+0.052%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1161.164% of the position
Funding, last 7 days−0.603%−$60 on $10k
+Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.052%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.073% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.603%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6746 | −0.0200 | get 0.0100% / 4h | 3h 12m | $656K | $216K | 20x |
| Short | Gate MORPHO_USDT | 2.6760 | −0.0064 | pay 0.0032% / 4h | 3h 12m | $763K | $536K | 50x |
BloFin MORPHO-USDT
Gate MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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
- $28.56
- Price spread: +0.052% → −0.020%
- $7.28
- Slippage, 4 orders
- −$89.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$80.59
- Costs to cover
- 1.164%
- Break-even
- 26.8 days
Slippage from BloFin: live order book, 13 min ago; Gate: live order book, 13 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 BloFin live order book, 13 min ago | 3.34 bp | 19.7 bp −$20 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell Gate live order book, 13 min ago | 8.90 bp | 47.4 bp −$47 | doesn't fit | 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 | −0.1768% | 1h | 2.6745 | −0.002% | $84K | $152K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1540% | 1h | 2.6764 | +0.067% | $10K | $721 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0776% | 1h | 2.6711 | −0.131% | $878 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0448% | 4h | 2.6781 | +0.133% | $41K | $151K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0425% | 1h | 2.7020 | +1.024% | $38 | $123K | 5.5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0265% | 1h | 2.6782 | +0.135% | $25K | $2.0M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0240% | 1h | 2.6893 | +0.550% | $78K | $47K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0207% | 4h | 2.6756 | +0.037% | $10K | $34K | 10x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.6746 | long leg | $656K | $216K | 20x | |
| Gate MORPHO_USDTshort | −0.0064% | 4h | 2.6760 | +0.052% | $763K | $536K | 50x |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | −0.0024% | 4h | 2.6763 | +0.064% | $8.8M | $10.2M | 25x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6782 | +0.136% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0059% | 1h | 2.6862 | +0.434% | $35K | $471K | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6792 | +0.170% | $319K | $357K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6740 | −0.022% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6816 | +0.262% | $6.4M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6784 | +0.142% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6744 | −0.008% | $16.4M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6774 | +0.105% | $3.2M | $4.6M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6748 | +0.007% | $5.3M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6795 | +0.183% | $603K | $272K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6770 | +0.090% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6764 | +0.067% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6850 | +0.390% | $651K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6754 | +0.030% | $23K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6742 | −0.014% | $104K | $305K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6790 | +0.164% | $1K | — | 100x | as long as short |
Bybit MORPHOUSDT
Reya MORPHORUSDPERP
Phoenix MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]