Funding you earn now, next payment 04:00 UTC+0.0300%/8h= +32.9% APRnext payment +$1.50 per $10,000 · paid last 24h +0.074%
Price spread now: Variational Omni against BloFin+0.117%7-day average +0.013% · 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)−0.118%−$12 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.117%, 7d avg +0.013%
=Together, before fees−0.192%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Variational Omni is 0.104% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 3 days funding on this pair cost −0.118%, 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 | 2.6020 | −0.0200 | get 0.0100% / 4h | 4m 53s | $638K | $241K | 20x |
| Short | Variational Omni MORPHO | 2.6050 | 0.0100 | get 0.0050% / 4h | 4m 53s | $621K | $675K | — |
BloFin MORPHO-USDT
Variational Omni MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $63
- Price spread: +0.117% → +0.013%
- $10.41
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $61.41
- Costs to cover
- 0.120%
- Break-even
- 0.2 days
Slippage unknown: BloFin: live order book, 32 min ago; Variational Omni: RFQ quote, 59 min ago. 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, 32 min ago | 3.85 bp | 16.8 bp −$17 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 59 min ago | 6.55 bp | doesn't fit | 69.7 bp −$697 | 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 | −0.1665% | 1h | 2.6026 | +0.022% | $81K | $127K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1247% | 1h | 2.6018 | −0.008% | $11K | $1K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1008% | 1h | 2.5962 | −0.223% | $853 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0282% | 4h | 2.6040 | +0.079% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6092 | +0.277% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.6020 | long leg | $638K | $241K | 20x | |
| Polymarket Perps MORPHO-USD | −0.0157% | 1h | 2.6042 | +0.085% | $25K | $1.6M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0140% | 4h | 2.6030 | +0.038% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6023 | +0.013% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6113 | +0.357% | $43K | $370K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.576% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0038% | 4h | 2.6038 | +0.069% | $762K | $483K | 50x | as long as short |
| Bybit MORPHOUSDT | +0.0091% | 4h | 2.6036 | +0.061% | $8.1M | $8.7M | 25x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6059 | +0.151% | $313K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6031 | +0.044% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6063 | +0.165% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6066 | +0.177% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6015 | −0.019% | $15.7M | $24.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6038 | +0.069% | $3.2M | $4.1M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6014 | −0.023% | $5.9M | $833K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6046 | +0.100% | $593K | $253K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6016 | −0.015% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6035 | +0.058% | — | $1.4M | — | as long as short |
| Variational Omni MORPHOshort | +0.0100% | 4h | 2.6050 | +0.117% | $621K | $675K | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6013 | −0.027% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6004 | −0.060% | $100K | $348K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6059 | +0.148% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Bybit MORPHOUSDT
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
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]