Funding you earn now, next payment 08:00 UTC+0.1234%/8h= +135.1% APRnext payment +$1.54 per $10,000 · paid last 24h +0.190%
Price spread now: Reya against Kraken Futures+0.110%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$37 a day on $10k at the current rate, and Reya is 0.110% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_MORPHOUSD | 2.5753 | −0.1239 | get 0.0155% / 1h | 59m 42s | $84K | $134K | 20x |
| Short | Reya MORPHORUSDPERP | 2.5781 | −0.0005 | pay 0.0001% / 1h | 59m 42s | $15 | — | 10x |
Kraken Futures PF_MORPHOUSD
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya against Kraken Futures. 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
- $259.13
- Price spread: +0.110% → 0.000%
- $11.03
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $254.17
- Costs to cover
- 0.160%
- Break-even
- 0.1 days
Slippage unknown: Kraken Futures: live order book, 37 min ago; Reya: 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 Kraken Futures live order book, 37 min ago | 8.70 bp | 31.3 bp −$31 | 3829.9 bp −$38.3K | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.1296% | 1h | 2.5716 | −0.144% | $845 | $9K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSDlong | −0.1239% | 1h | 2.5753 | long leg | $84K | $134K | 20x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.1221% | 1h | 2.5787 | +0.132% | $11K | $3K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0684% | 4h | 2.5781 | +0.108% | $30K | $123K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0496% | 1h | 2.5636 | −0.455% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0464% | 4h | 2.5782 | +0.111% | $615K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0408% | 4h | 2.5747 | −0.024% | $629K | $238K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0361% | 1h | 2.5830 | +0.299% | $25K | $1.4M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0267% | 4h | 2.5779 | +0.101% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0185% | 1h | 2.5805 | +0.202% | $33K | $336K | 5x | as long as short |
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0182% | 4h | 2.5790 | +0.143% | $759K | $482K | 50x | as long as short |
| Aster MORPHOUSDT | −0.0175% | 4h | 2.5785 | +0.124% | $54K | $48K | 20x | as long as short |
| Binance MORPHOUSDT | −0.0171% | 4h | 2.5785 | +0.124% | $15.5M | $23.8M | 75x | as long as short |
| Extended MORPHO-USD | −0.0168% | 1h | 2.5773 | +0.078% | $99K | $375K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0166% | 4h | 2.5785 | +0.124% | $6.2M | $898K | 100x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0005% | 1h | 2.5781 | +0.110% | $15 | — | 10x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.629% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5826 | +0.285% | $311K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5771 | +0.069% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5832 | +0.307% | $5.9M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5790 | +0.143% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5797 | +0.171% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5800 | +0.182% | $587K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5773 | +0.077% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5793 | +0.155% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5780 | +0.105% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S −12.8912% | 1h | 2.5810 | +0.222% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Aster MORPHOUSDT
Binance MORPHOUSDT
Extended MORPHO-USD
MEXC MORPHO_USDT
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]