Funding you earn now, next payment 01:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h +0.080%
Price spread now: 01 Exchange 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
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 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 | 2.6535 | −0.0390 | get 0.0049% / 1h | 43m 09s | $11K | $785 | 10x |
| Short | 01 Exchange MORPHOUSD | 2.6539 | −0.0472 | pay 0.0059% / 1h | 43m 09s | $872 | $13K | 5x |
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$17.17
- Price spread: +0.015% → 0.000%
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$29.67
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample | — | — | — | — | — |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
Deribit and 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 | −0.1835% | 1h | 2.6483 | −0.197% | $80K | $132K | 20x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0472% | 1h | 2.6539 | +0.015% | $872 | $13K | 5x | |
| Deribit MORPHO_USDC-PERPETUALlong | −0.0390% | 1h | 2.6535 | long leg | $11K | $785 | 10x | |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6554 | +0.072% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0242% | 4h | 2.6451 | −0.317% | $628K | $1.0M | — | as long as short |
| BloFin MORPHO-USDT | −0.0191% | 4h | 2.6518 | −0.064% | $639K | $229K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0166% | 1h | 2.6534 | −0.004% | $28K | $1.7M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0141% | 4h | 2.6519 | −0.060% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6525 | −0.038% | $43K | $474K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6532 | −0.013% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERPShow 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 | −0.396% | $37 | $242K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0064% | 4h | 2.6465 | −0.264% | $41K | $133K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0094% | 4h | 2.6522 | −0.049% | $5.5M | $901K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0096% | 4h | 2.6525 | −0.037% | $16.1M | $25.9M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6603 | +0.255% | $318K | $325K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.6526 | −0.034% | $108K | $414K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6523 | −0.045% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6530 | −0.020% | $58K | $30K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6516 | −0.072% | $8.4M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6526 | −0.034% | $3.2M | $4.5M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6509 | −0.098% | $767K | $516K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6524 | −0.041% | $594K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6531 | −0.015% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6516 | −0.072% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6530 | −0.019% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6545 | +0.038% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0347% | 1h | 2.6598 | +0.237% | $6.3M | $7.0M | 5x | as long as short |
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_Perp
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Extended MORPHO-USD
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO