Funding you earn now, next payment 22:00 UTC−0.1120%/8h= −122.6% APRpaid last 24h −0.118%
Price spread now: 01 Exchange against BloFin−0.346%7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and 01 Exchange is 0.346% cheaper against BloFin than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6622 | −0.0200 | get 0.0100% / 4h | 2h 49m | $652K | $205K | 20x |
| Short | 01 Exchange MORPHOUSD | 2.6530 | −0.1320 | pay 0.0165% / 1h | 49m 58s | $872 | $12K | 5x |
BloFin MORPHO-USDT
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$235.2
- Price spread: −0.346% → 0.000%
- −$34.56
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$288.76
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 36 min ago; 01 Exchange: 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, 36 min ago | 3.34 bp | 19.7 bp −$20 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | −0.2068% | 1h | 2.6360 | −0.984% | $82K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1563% | 1h | 2.6429 | −0.725% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.1320% | 1h | 2.6530 | −0.346% | $872 | $12K | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0646% | 4h | 2.6664 | +0.159% | $41K | $151K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0596% | 1h | 2.6584 | −0.143% | $25K | $1.9M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6670 | +0.180% | $38K | $142K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0300% | 4h | 2.6428 | −0.729% | $8.6M | $10.1M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6445 | −0.665% | $76K | $46K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0252% | 4h | 2.6414 | −0.781% | $755K | $520K | 50x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.6622 | long leg | $652K | $205K | 20x |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
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_USDC | −0.0194% | 4h | 2.6446 | −0.661% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6664 | +0.158% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6498 | −0.464% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6439 | −0.688% | $315K | $335K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6580 | −0.157% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6463 | −0.597% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6451 | −0.641% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6420 | −0.759% | $16.2M | $27.0M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6429 | −0.725% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6401 | −0.830% | $5.3M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6408 | −0.804% | $596K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6423 | −0.748% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6433 | −0.710% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6630 | +0.031% | $647K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6400 | −0.834% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6437 | −0.697% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6449 | −0.652% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
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]