Funding you earn now, next payment 00:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.029%
Price spread now: Reya against BloFin+0.039%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Reya is 0.039% dearer against BloFin than usual: you sell high and buy low: +$4 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 | 2.6525 | −0.0222 | get 0.0111% / 4h | 55m 21s | $637K | $250K | 20x |
| Short | Reya MORPHORUSDPERP | 2.6535 | −0.0004 | pay 0.0001% / 1h | 55m 21s | $16 | — | 10x |
BloFin MORPHO-USDT
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $45.77
- Price spread: +0.039% → 0.000%
- $3.87
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $31.64
- Costs to cover
- 0.180%
- Break-even
- 2.2 days
Slippage unknown: BloFin: live order book, 21 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 BloFin live order book, 21 min ago | 2.84 bp | 15.5 bp −$15 | 30.1 bp −$301 | 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 | −0.1754% | 1h | 2.6515 | −0.038% | $82K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1030% | 1h | 2.6532 | +0.026% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6531 | +0.024% | $29K | $134K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0440% | 1h | 2.6508 | −0.064% | $871 | $12K | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.358% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0380% | 4h | 2.6541 | +0.060% | $8.5M | $9.2M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0379% | 1h | 2.6538 | +0.049% | $26K | $1.7M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.486% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDTlong | −0.0222% | 4h | 2.6525 | long leg | $637K | $250K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6535 | +0.038% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
01 Exchange MORPHOUSD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0130% | 4h | 2.6563 | +0.143% | $772K | $531K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6642 | +0.441% | $44K | $477K | 5x | as long as short |
| Variational Omni MORPHO | −0.0070% | 4h | 2.6541 | +0.062% | $631K | $1.1M | — | as long as short |
| Reya MORPHORUSDPERPshort | −0.0004% | 1h | 2.6535 | +0.039% | $16 | — | 10x | |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6525 | −0.001% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0018% | 4h | 2.6529 | +0.015% | $16.0M | $25.8M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0018% | 4h | 2.6534 | +0.034% | $5.4M | $939K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6574 | +0.186% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6523 | −0.008% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6610 | +0.321% | $6.3M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6561 | +0.137% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6526 | +0.004% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6575 | +0.189% | $596K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6569 | +0.166% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6547 | +0.083% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6528 | +0.011% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6563 | +0.142% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
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]