Funding you earn now, next payment 22:00 UTC−0.0108%/8h= −11.9% APRnext payment −$0.14 per $10,000 · paid last 24h −0.031%
Price spread now: Reya against Extended+0.037%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—+ Points / potential airdropExtended: Active · Reya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Reya is 0.037% dearer against Extended than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6605 | 0.0104 | pay 0.0013% / 1h | 54m 24s | $103K | $301K | 10x |
| Short | Reya MORPHORUSDPERP | 2.6615 | −0.0004 | pay 0.0001% / 1h | 54m 24s | $16 | — | 10x |
Extended MORPHO-USD
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$22.76
- Price spread: +0.037% → 0.000%
- $3.72
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$30.05
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 33 min ago; 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 Extended live order book, 33 min ago | 2.23 bp | 21.6 bp −$22 | 258.9 bp −$2,589 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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 | −0.2049% | 1h | 2.6609 | +0.015% | $84K | $147K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1400% | 1h | 2.6554 | −0.192% | $873 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1100% | 1h | 2.6637 | +0.120% | $10K | $623 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0664% | 1h | 2.6607 | +0.007% | $25K | $2.0M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0608% | 4h | 2.6672 | +0.252% | $41K | $151K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0396% | 4h | 2.6620 | +0.056% | $8.8M | $10.0M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.7020 | +1.559% | $38 | $123K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6813 | +0.781% | $77K | $46K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0256% | 4h | 2.6649 | +0.165% | $761K | $517K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6643 | +0.142% | $653K | $205K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Gate MORPHO_USDT
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0197% | 4h | 2.6623 | +0.067% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0004% | 1h | 2.6615 | +0.037% | $16 | — | 10x | |
| Phoenix MORPHO | +0.0059% | 1h | 2.6653 | +0.180% | $34K | $493K | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6686 | +0.303% | $318K | $335K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6618 | +0.049% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6655 | +0.187% | $6.3M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6650 | +0.167% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6612 | +0.026% | $16.3M | $26.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6637 | +0.120% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6598 | −0.027% | $5.4M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6643 | +0.142% | $600K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6625 | +0.075% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6626 | +0.078% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6700 | +0.356% | $649K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6628 | +0.086% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USDlong | +0.0104% | 1h | 2.6605 | long leg | $103K | $301K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6660 | +0.205% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]