Funding you earn now, next payment 00:00 UTC−0.0505%/8h= −55.3% APRpaid last 24h −0.182%
Price spread now: 01 Exchange against Bybit−0.320%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 −$15 a day on $10k at the current rate, and 01 Exchange is 0.320% cheaper against Bybit than usual: you would sell low and buy high (−$32 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 | Bybit MORPHOUSDT | 2.6560 | −0.0335 | get 0.0167% / 4h | 10m 19s | $8.4M | $9.3M | 25x |
| Short | 01 Exchange MORPHOUSD | 2.6475 | −0.0840 | pay 0.0105% / 1h | 10m 19s | $870 | $12K | 5x |
Bybit MORPHOUSDT
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange against Bybit. 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
- −$106.14
- Price spread: −0.320% → 0.000%
- −$32
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$156.14
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 3.77 bp | 19.5 bp −$19 | 70.5 bp −$705 | 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 | −0.1753% | 1h | 2.6525 | −0.132% | $81K | $143K | 20x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0840% | 1h | 2.6475 | −0.320% | $870 | $12K | 5x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.0653% | 1h | 2.6549 | −0.041% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0460% | 4h | 2.6511 | −0.185% | $41K | $146K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0459% | 1h | 2.6507 | −0.200% | $28K | $1.7M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.489% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6546 | −0.053% | $76K | $43K | 25x | as long as short |
| Bybit MORPHOUSDTlong | −0.0335% | 4h | 2.6560 | long leg | $8.4M | $9.3M | 25x | |
| BloFin MORPHO-USDT | −0.0187% | 4h | 2.6492 | −0.256% | $638K | $253K | 20x | as long as short |
| Variational Omni MORPHO | −0.0167% | 4h | 2.6481 | −0.297% | $630K | $1.0M | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6538 | −0.083% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6531 | −0.109% | $43K | $477K | 5x | as long as short |
| Gate MORPHO_USDT | −0.0056% | 4h | 2.6514 | −0.173% | $770K | $532K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6506 | −0.203% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0052% | 4h | 2.6513 | −0.177% | $5.5M | $961K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0053% | 4h | 2.6555 | −0.019% | $16.1M | $26.0M | 75x | as long as short |
| Extended MORPHO-USD | +0.0056% | 1h | 2.6534 | −0.099% | $103K | $298K | 10x | as long as short |
| Aster MORPHOUSDT | +0.0082% | 4h | 2.6513 | −0.177% | $58K | $30K | 20x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6598 | +0.143% | $317K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6506 | −0.203% | $5K | $3 | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6550 | −0.038% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6529 | −0.117% | $594K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6573 | +0.049% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6515 | −0.169% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6557 | −0.011% | $22K | $4K | 5x | as long as short |
| Hyperliquid MORPHO | +0.0111% | 1h | 2.6578 | +0.068% | $6.3M | $7.0M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6533 | −0.101% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Gate MORPHO_USDT
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Aster MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]