Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: MEXC against Extended−0.018%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$570.568% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 7 days+0.214%+$21 · spread now −0.018%, 7d avg +0.012%
=Together, before fees+0.207%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.031% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6452 | −0.0008 | get 0.0001% / 1h | 32m 48s | $103K | $298K | 10x |
| Short | MEXC MORPHO_USDT | 2.6447 | −0.0008 | pay 0.0004% / 4h | 32m 48s | $5.5M | $951K | 100x |
Extended MORPHO-USD
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: −0.018% → +0.012%
- −$3.07
- Slippage, 4 orders
- −$47.84
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$59.9
- Costs to cover
- 0.568%
- Break-even
- never at this rate
Slippage from Extended: live order book, 45 min ago; MEXC: live order book, 5 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, 45 min ago | 2.46 bp | 22.1 bp −$22 | 231.3 bp −$2,313 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.94 bp | 6.6 bp −$7 | 40.5 bp −$405 | 199.3 bp −$19.9K | 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 | −0.1760% | 1h | 2.6414 | −0.145% | $82K | $140K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0912% | 1h | 2.6397 | −0.207% | $867 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0807% | 1h | 2.6467 | +0.057% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0536% | 4h | 2.6479 | +0.103% | $29K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0529% | 1h | 2.6468 | +0.061% | $26K | $1.7M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.083% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0388% | 4h | 2.6459 | +0.027% | $8.4M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6508 | +0.212% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0145% | 4h | 2.6472 | +0.076% | $629K | $1.0M | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6461 | +0.035% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MORPHO-USDT | −0.0117% | 4h | 2.6450 | −0.007% | $639K | $252K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0108% | 4h | 2.6481 | +0.110% | $770K | $532K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6522 | +0.265% | $43K | $477K | 5x | as long as short |
| Extended MORPHO-USDlong | −0.0008% | 1h | 2.6452 | long leg | $103K | $298K | 10x | |
| MEXC MORPHO_USDTshort | −0.0008% | 4h | 2.6447 | −0.018% | $5.5M | $951K | 100x | |
| Binance MORPHOUSDT | −0.0007% | 4h | 2.6447 | −0.020% | $16.0M | $25.9M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6470 | +0.068% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6491 | +0.149% | $315K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6442 | −0.038% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6514 | +0.235% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6484 | +0.122% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6453 | +0.004% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6475 | +0.087% | $593K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6465 | +0.050% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6461 | +0.035% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6457 | +0.019% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0154% / S −0.2700% | 1h | 2.6496 | +0.168% | $1K | — | 100x | as long as short |
BloFin MORPHO-USDT
Gate MORPHO_USDT
Phoenix MORPHO
Binance MORPHOUSDT
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]