Funding you earn now, next payment 04:00 UTC+0.0810%/8h= +88.7% APRnext payment +$1.01 per $10,000 · paid last 24h +0.241%
Price spread now: Reya against Deribit+0.015%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$24 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.6269 | −0.0815 | get 0.0102% / 1h | 29m 06s | $11K | $969 | 10x |
| Short | Reya MORPHORUSDPERP | 2.6273 | −0.0005 | pay 0.0001% / 1h | 29m 06s | $16 | — | 10x |
Deribit MORPHO_USDC-PERPETUAL
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Deribit. 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
- $170.14
- Price spread: +0.015% → 0.000%
- $1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $158.64
- Costs to cover
- 0.130%
- Break-even
- 0.5 days
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
Deribit and 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 | −0.1650% | 1h | 2.6258 | −0.043% | $82K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1000% | 1h | 2.6234 | −0.133% | $862 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUALlong | −0.0815% | 1h | 2.6269 | long leg | $11K | $969 | 10x | |
| GRVT MORPHO_USDT_Perp | −0.0266% | 4h | 2.6210 | −0.225% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6294 | +0.095% | $75K | $42K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0205% | 1h | 2.6285 | +0.061% | $25K | $1.6M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6261 | −0.030% | $637K | $243K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6274 | +0.019% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0005% | 1h | 2.6273 | +0.015% | $16 | — | 10x | |
| Phoenix MORPHO | 0.0000% | 1h | 2.6250 | −0.072% | $43K | $370K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | +0.0026% | 4h | 2.6294 | +0.095% | $770K | $483K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.613% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6297 | +0.108% | $316K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6279 | +0.038% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6298 | +0.110% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6303 | +0.128% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6231 | −0.145% | $15.9M | $25.0M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6261 | −0.030% | $8.2M | $8.9M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6244 | −0.095% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6266 | −0.011% | $6.0M | $816K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6297 | +0.107% | $599K | $252K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6267 | −0.008% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6267 | −0.008% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6215 | −0.204% | $625K | $745K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6265 | −0.015% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6270 | +0.002% | $100K | $348K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6294 | +0.093% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit 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]