Funding you earn now, next payment 00:00 UTC+0.0058%/8h= +6.3% APRnext payment +$0.29 per $10,000 · paid last 24h −0.005%
Price spread now: Orderly against BloFin+0.053%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.053% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6363 | −0.0205 | get 0.0103% / 4h | 1h 23m | $639K | $244K | 20x |
| Short | Orderly PERP_MORPHO_USDC | 2.6377 | −0.0147 | pay 0.0074% / 4h | 1h 23m | $10K | $34K | 10x |
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $12.18
- Price spread: +0.053% → 0.000%
- $5.31
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$0.51
- Costs to cover
- 0.180%
- Break-even
- 7.3 days
Slippage unknown: BloFin: live order book, 58 min ago; Orderly: 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 BloFin live order book, 58 min ago | 0.56 bp | 13.5 bp −$13 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1860% | 1h | 2.6382 | +0.074% | $82K | $149K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1377% | 1h | 2.6387 | +0.091% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1192% | 1h | 2.6331 | −0.121% | $865 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0702% | 1h | 2.6387 | +0.091% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0600% | 4h | 2.6391 | +0.106% | $29K | $146K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0514% | 4h | 2.6400 | +0.140% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.254% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6413 | +0.190% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDTlong | −0.0205% | 4h | 2.6363 | long leg | $639K | $244K | 20x | |
| Gate MORPHO_USDT | −0.0164% | 4h | 2.6386 | +0.087% | $766K | $533K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDCshort | −0.0147% | 4h | 2.6377 | +0.053% | $10K | $34K | 10x | |
| Phoenix MORPHO | −0.0090% | 1h | 2.6424 | +0.231% | $34K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0077% | 4h | 2.6372 | +0.033% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6392 | +0.108% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0032% | 1h | 2.6379 | +0.061% | $102K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0032% | 4h | 2.6386 | +0.087% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0035% | 4h | 2.6383 | +0.077% | $16.1M | $25.8M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6424 | +0.232% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6363 | −0.001% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6442 | +0.300% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6404 | +0.156% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6398 | +0.133% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6397 | +0.129% | $590K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6415 | +0.197% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6394 | +0.118% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6387 | +0.091% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6422 | +0.226% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]