Funding you earn now, next payment 00:00 UTC+0.0237%/8h= +26.0% APRnext payment +$1.19 per $10,000 · paid last 24h +0.060%
Price spread now: MEXC against BloFin+0.068%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$480.478% of the position
Funding, last 7 days−0.401%−$40 on $10k
+Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.068%, 7d avg −0.011%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and MEXC is 0.079% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.401%, 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 | 2.6558 | −0.0223 | get 0.0112% / 4h | 57m 13s | $639K | $251K | 20x |
| Short | MEXC MORPHO_USDT | 2.6576 | 0.0014 | get 0.0007% / 4h | 57m 13s | $5.4M | $939K | 100x |
BloFin MORPHO-USDT
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $49.83
- Price spread: +0.068% → −0.011%
- $7.88
- Slippage, 4 orders
- −$31.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $9.92
- Costs to cover
- 0.478%
- Break-even
- 5.6 days
Slippage from BloFin: live order book, 19 min ago; MEXC: live order book, 5 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, 19 min ago | 2.84 bp | 15.5 bp −$15 | 30.1 bp −$301 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.14 bp | 7.0 bp −$7 | 42.2 bp −$422 | 186.1 bp −$18.6K | 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 | −0.1754% | 1h | 2.6503 | −0.207% | $82K | $149K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0766% | 1h | 2.6550 | −0.030% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0566% | 4h | 2.6430 | −0.482% | $29K | $134K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.482% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0374% | 4h | 2.6567 | +0.034% | $8.5M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.361% | $77K | $43K | 25x | as long as short |
| 01 Exchange MORPHOUSD | −0.0328% | 1h | 2.6572 | +0.053% | $873 | $12K | 5x | as long as short |
| BloFin MORPHO-USDTlong | −0.0223% | 4h | 2.6558 | long leg | $639K | $251K | 20x | |
| Polymarket Perps MORPHO-USD | −0.0194% | 1h | 2.6572 | +0.053% | $26K | $1.7M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6547 | −0.041% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0122% | 4h | 2.6593 | +0.132% | $773K | $531K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6642 | +0.316% | $44K | $477K | 5x | as long as short |
| Variational Omni MORPHO | −0.0088% | 4h | 2.6431 | −0.477% | $628K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6571 | +0.049% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDTshort | +0.0014% | 4h | 2.6576 | +0.068% | $5.4M | $939K | 100x | |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6552 | −0.022% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0017% | 4h | 2.6539 | −0.071% | $16.1M | $25.8M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6576 | +0.069% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6572 | +0.054% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6579 | +0.081% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6548 | −0.038% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6602 | +0.166% | $600K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6581 | +0.087% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6555 | −0.011% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6540 | −0.068% | $22K | $4K | 5x | as long as short |
| Hyperliquid MORPHO | +0.0160% | 1h | 2.6639 | +0.305% | $6.3M | $7.1M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6586 | +0.105% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]