Funding you earn now, next payment 00:00 UTC+0.0397%/8h= +43.5% APRpaid last 24h +0.039%
Price spread now: MEXC against Injective+0.064%7-day average −1.096% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.089%−$109 on $10k
+Price spread, last 3 days (all we have)−0.544%−$54 · spread now +0.064%, 7d avg −1.096%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and MEXC is 1.160% dearer against Injective than usual: you sell high and buy low: +$116 more if the spread goes back to its 7-day average of −1.096%. Mind the row above: over the last 7 days funding on this pair cost −1.089%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MORPHO/USDC PERP | 2.6430 | −0.0405 | get 0.0051% / 1h | 32m 30s | $37 | $242K | 5.5x |
| Short | MEXC MORPHO_USDT | 2.6447 | −0.0008 | pay 0.0004% / 4h | 32m 30s | $5.5M | $951K | 100x |
Injective MORPHO/USDC PERP
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Injective. 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
- $83.44
- Price spread: +0.064% → −1.096%
- $116
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $195.43
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 5 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 Injective no order-book sample | — | — | — | — | — |
| 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 |
Injective: 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 | −0.1760% | 1h | 2.6414 | −0.062% | $82K | $140K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0920% | 1h | 2.6378 | −0.197% | $867 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0807% | 1h | 2.6467 | +0.140% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0536% | 4h | 2.6479 | +0.186% | $29K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0534% | 1h | 2.6444 | +0.053% | $26K | $1.7M | 5x | as long as short |
| Injective MORPHO/USDC PERPlong | −0.0405% | 1h | 2.6430 | long leg | $37 | $242K | 5.5x | |
| Bybit MORPHOUSDT | −0.0388% | 4h | 2.6458 | +0.106% | $8.4M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6508 | +0.295% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0145% | 4h | 2.6472 | +0.159% | $629K | $1.0M | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6461 | +0.117% | $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
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 | +0.076% | $639K | $252K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0104% | 4h | 2.6482 | +0.197% | $770K | $532K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6522 | +0.348% | $43K | $477K | 5x | as long as short |
| Extended MORPHO-USD | −0.0008% | 1h | 2.6441 | +0.043% | $103K | $298K | 10x | as long as short |
| MEXC MORPHO_USDTshort | −0.0008% | 4h | 2.6447 | +0.064% | $5.5M | $951K | 100x | |
| Binance MORPHOUSDT | −0.0007% | 4h | 2.6445 | +0.057% | $16.0M | $25.9M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6441 | +0.043% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6491 | +0.232% | $315K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6442 | +0.045% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6514 | +0.318% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6485 | +0.207% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6440 | +0.038% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6475 | +0.170% | $593K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6457 | +0.102% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6454 | +0.091% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6457 | +0.102% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0154% / S −0.2700% | 1h | 2.6496 | +0.250% | $1K | — | 100x | as long as short |
BloFin MORPHO-USDT
Gate MORPHO_USDT
Phoenix MORPHO
Extended MORPHO-USD
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]