Funding you earn now, next payment 21:00 UTC−0.0716%/8h= −78.4% APRpaid last 24h −0.091%
Price spread now: 01 Exchange against Gate−0.418%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and 01 Exchange is 0.418% cheaper against Gate than usual: you would sell low and buy high (−$42 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 | Gate MORPHO_USDT | 2.6822 | −0.0052 | get 0.0026% / 4h | 3h 14m | $765K | $536K | 50x |
| Short | 01 Exchange MORPHOUSD | 2.6710 | −0.0768 | pay 0.0096% / 1h | 14m 32s | $878 | $12K | 5x |
Gate MORPHO_USDT
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$150.36
- Price spread: −0.418% → 0.000%
- −$41.76
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$214.12
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 11 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 Gate live order book, 11 min ago | 8.90 bp | 39.0 bp −$39 | doesn't fit | 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 | −0.1768% | 1h | 2.6749 | −0.271% | $84K | $152K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1427% | 1h | 2.6790 | −0.119% | $10K | $721 | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0768% | 1h | 2.6710 | −0.418% | $878 | $12K | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0440% | 4h | 2.6821 | −0.005% | $41K | $151K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0425% | 1h | 2.7020 | +0.738% | $38 | $123K | 5.5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0262% | 1h | 2.6790 | −0.119% | $25K | $2.0M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0240% | 1h | 2.6893 | +0.265% | $78K | $47K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0206% | 4h | 2.6781 | −0.153% | $10K | $34K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6799 | −0.086% | $658K | $216K | 20x | as long as short |
| Gate MORPHO_USDTlong | −0.0052% | 4h | 2.6822 | long leg | $765K | $536K | 50x |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6801 | −0.078% | $16 | — | 10x | as long as short |
| Bybit MORPHOUSDT | +0.0029% | 4h | 2.6810 | −0.045% | $8.8M | $10.2M | 25x | as long as short |
| Phoenix MORPHO | +0.0059% | 1h | 2.6862 | +0.149% | $35K | $471K | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6822 | +0.001% | $319K | $357K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6780 | −0.157% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6842 | +0.075% | $6.4M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6786 | −0.133% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6768 | −0.201% | $16.4M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6807 | −0.056% | $3.2M | $4.6M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6772 | −0.186% | $5.3M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6817 | −0.019% | $604K | $272K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6788 | −0.127% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6794 | −0.104% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6850 | +0.106% | $651K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6789 | −0.123% | $23K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6769 | −0.197% | $104K | $305K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6822 | +0.002% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Bybit MORPHOUSDT
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
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]