Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Extended+0.149%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1951.953% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.149%, 7d avg +0.081%
=Together, before fees−0.250%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.068% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6414 | 0.0032 | pay 0.0004% / 1h | 12m 18s | $103K | $301K | 10x |
| Short | KuCoin MORPHOUSDTM | 2.6453 | 0.0100 | get 0.0050% / 4h | 1h 12m | $591K | $269K | 50x |
Extended MORPHO-USD
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Extended. 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
- $14.28
- Price spread: +0.149% → +0.081%
- $6.79
- Slippage, 4 orders
- −$178.33
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$174.26
- Costs to cover
- 1.953%
- Break-even
- 92.4 days
Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 61 min ago.
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 Extended live order book, 5 min ago | 2.46 bp | 22.1 bp −$22 | 231.3 bp −$2,313 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 61 min ago | 9.24 bp | 89.6 bp −$90 | 173.1 bp −$1,731 | 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 | −0.1858% | 1h | 2.6413 | −0.003% | $81K | $151K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1224% | 1h | 2.6426 | +0.046% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1168% | 1h | 2.6362 | −0.196% | $866 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0700% | 1h | 2.6428 | +0.054% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0564% | 4h | 2.6426 | +0.047% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0452% | 4h | 2.6428 | +0.054% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.062% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6469 | +0.209% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0207% | 4h | 2.6438 | +0.092% | $639K | $249K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6428 | +0.054% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0130% | 4h | 2.6420 | +0.024% | $767K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6439 | +0.096% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0062% | 4h | 2.6437 | +0.087% | $629K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6430 | +0.061% | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | +0.0031% | 4h | 2.6419 | +0.019% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USDlong | +0.0032% | 1h | 2.6414 | long leg | $103K | $301K | 10x | |
| MEXC MORPHO_USDT | +0.0032% | 4h | 2.6419 | +0.020% | $5.4M | $1.1M | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6460 | +0.173% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6421 | +0.026% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6491 | +0.293% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6422 | +0.030% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6430 | +0.062% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6453 | +0.149% | $591K | $269K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6430 | +0.062% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6429 | +0.058% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6426 | +0.046% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6458 | +0.169% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Binance MORPHOUSDT
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]