Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.086%
Price spread now: Variational Omni against Gate−0.044%7-day average +0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.107%+$11 on $10k
+Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.044%, 7d avg +0.040%
=Together, before fees+0.265%+ Points / potential airdropVariational Omni: Active · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.083% cheaper against Gate than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.040%). If the spread goes back, that is −$8 on $10k: about 6.1 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.107% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6413 | −0.0126 | get 0.0063% / 4h | 1h 03m | $767K | $534K | 50x |
| Short | Variational Omni MORPHO | 2.6401 | −0.0080 | pay 0.0040% / 4h | 1h 03m | $627K | $1.2M | — |
Gate MORPHO_USDT
Variational Omni MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Gate. 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
- $9.62
- Price spread: −0.044% → +0.040%
- −$8.33
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$13.71
- Costs to cover
- 0.150%
- Break-even
- 17.0 days
Slippage unknown: Gate: live order book, 13 min ago; Variational Omni: RFQ quote, 1 min ago. 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 Gate live order book, 13 min ago | 5.48 bp | 47.4 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 4.62 bp | doesn't fit | 68.9 bp −$689 | 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 | −0.1859% | 1h | 2.6407 | −0.024% | $81K | $152K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1168% | 1h | 2.6343 | −0.265% | $866 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0922% | 1h | 2.6419 | +0.023% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0679% | 1h | 2.6415 | +0.008% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0576% | 4h | 2.6390 | −0.088% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0432% | 4h | 2.6420 | +0.027% | $8.4M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.064% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6469 | +0.212% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0217% | 4h | 2.6391 | −0.083% | $639K | $249K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6417 | +0.015% | $10K | $34K | 10x | 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
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_USDTlong | −0.0126% | 4h | 2.6413 | long leg | $767K | $534K | 50x | |
| Phoenix MORPHO | −0.0090% | 1h | 2.6435 | +0.083% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHOshort | −0.0080% | 4h | 2.6401 | −0.044% | $627K | $1.2M | — | |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6416 | +0.010% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6403 | −0.037% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0016% | 4h | 2.6413 | 0.000% | $16.1M | $25.8M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0018% | 4h | 2.6410 | −0.011% | $5.4M | $1.1M | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6453 | +0.151% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6409 | −0.014% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6476 | +0.239% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6422 | +0.036% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6427 | +0.053% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6435 | +0.083% | $591K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6420 | +0.027% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6413 | 0.000% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6415 | +0.008% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6439 | +0.100% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
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]