Funding you earn now, next payment 07:00 UTC−0.1248%/8h= −136.7% APRnext payment −$1.56 per $10,000 · paid last 24h −0.225%
Price spread now: 01 Exchange against Extended−0.292%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and 01 Exchange is 0.292% cheaper against Extended than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.5953 | 0.0056 | pay 0.0007% / 1h | 3m 47s | $99K | $345K | 10x |
| Short | 01 Exchange MORPHOUSD | 2.5877 | −0.1192 | pay 0.0149% / 1h | 3m 47s | $850 | $9K | 5x |
Extended MORPHO-USD
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$262.08
- Price spread: −0.292% → 0.000%
- −$29.16
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$303.24
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 39 min ago; 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 Extended live order book, 39 min ago | 2.89 bp | 22.4 bp −$22 | 180.3 bp −$1,803 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
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 | −0.1375% | 1h | 2.5953 | +0.002% | $84K | $135K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1365% | 1h | 2.5957 | +0.017% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.1192% | 1h | 2.5877 | −0.292% | $850 | $9K | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0496% | 4h | 2.5990 | +0.142% | $30K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5972 | +0.074% | $72K | $38K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0366% | 4h | 2.5990 | +0.144% | $7.9M | $8.6M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0314% | 1h | 2.5974 | +0.082% | $27K | $1.4M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0183% | 4h | 2.5977 | +0.094% | $638K | $241K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0158% | 4h | 2.5966 | +0.051% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0105% | 4h | 2.5980 | +0.107% | $619K | $677K | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0092% | 1h | 2.6025 | +0.279% | $33K | $339K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5966 | +0.050% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | +0.0010% | 4h | 2.5977 | +0.094% | $761K | $512K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.839% | $37 | $242K | 5.5x | as long as short |
| Binance MORPHOUSDT | +0.0044% | 4h | 2.5959 | +0.024% | $15.7M | $24.4M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0052% | 4h | 2.5971 | +0.071% | $6.3M | $904K | 100x | as long as short |
| Extended MORPHO-USDlong | +0.0056% | 1h | 2.5953 | long leg | $99K | $345K | 10x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6011 | +0.225% | $313K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5944 | −0.035% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6016 | +0.245% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5994 | +0.157% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5978 | +0.098% | $3.2M | $4.2M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5988 | +0.136% | $589K | $260K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5970 | +0.067% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5975 | +0.086% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5971 | +0.071% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5991 | +0.149% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
Binance MORPHOUSDT
MEXC MORPHO_USDT
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]