Funding you earn now, next payment 01:00 UTC−0.0481%/8h= −52.7% APRnext payment −$0.60 per $10,000 · paid last 24h −0.150%
Price spread now: 01 Exchange against Injective+0.545%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—needs both histories
The price spread pays, funding is against you. 01 Exchange is 0.545% dearer against Injective than usual: you sell high and buy low (spread +0.545% now, against zero (this spread has no 7-day history yet)): +$54 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MORPHO/USDC PERP | 2.6430 | 0.0033 | pay 0.0004% / 1h | 19m 57s | $37 | $242K | 5.5x |
| Short | 01 Exchange MORPHOUSD | 2.6574 | −0.0448 | pay 0.0056% / 1h | 19m 57s | $873 | $13K | 5x |
Injective MORPHO/USDC PERP
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$101.08
- Price spread: +0.545% → 0.000%
- $54.48
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$53.62
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
Injective and 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 | −0.1829% | 1h | 2.6581 | +0.570% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0651% | 1h | 2.6614 | +0.696% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0448% | 1h | 2.6574 | +0.545% | $873 | $13K | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6527 | +0.367% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6633 | +0.768% | $638K | $229K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6605 | +0.662% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0112% | 4h | 2.6621 | +0.721% | $634K | $1.0M | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.0032% | 1h | 2.6603 | +0.655% | $24K | $1.7M | 5x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6753 | +1.222% | $44K | $474K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6593 | +0.615% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Variational Omni MORPHO
Polymarket Perps MORPHO-USD
Phoenix MORPHO
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | +0.0020% | 4h | 2.6601 | +0.647% | $769K | $524K | 50x | as long as short |
| Injective MORPHO/USDC PERPlong | +0.0033% | 1h | 2.6430 | long leg | $37 | $242K | 5.5x | |
| GRVT MORPHO_USDT_Perp | +0.0070% | 4h | 2.6728 | +1.129% | $41K | $133K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6728 | +1.129% | $320K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6579 | +0.564% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6634 | +0.771% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6610 | +0.683% | $16.1M | $25.8M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6630 | +0.757% | $8.5M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6632 | +0.764% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6620 | +0.719% | $5.6M | $904K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6642 | +0.802% | $595K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6627 | +0.745% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6615 | +0.700% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6613 | +0.692% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6610 | +0.681% | $104K | $364K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6615 | +0.701% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0354% | 1h | 2.6683 | +0.957% | $6.3M | $7.0M | 5x | as long as short |
Gate MORPHO_USDT
GRVT MORPHO_USDT_Perp
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO