MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0896%/8h= +98.1% APRnext payment +$1.12 per $10,000 · paid last 24h −0.243%

Price spread now: 01 Exchange against Kraken Futures−0.169%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on 01 Exchange

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. 01 Exchange is 0.169% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 15 hours of funding at the current rate (+$27 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MORPHOUSD	2.6537	−0.1752	get 0.0219% / 1h	3m 45s	$81K	$143K	20x
Short	01 Exchange MORPHOUSD	2.6492	−0.0856	pay 0.0107% / 1h	3m 45s	$871	$12K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee 01 ExchangebpOrdersPrice spread, now −0.169%Rate

Funding earned: $188.19
Price spread: −0.169% → 0.000%: −$16.92
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $154.27
Costs to cover: 0.170%
Break-even: 1.3 days

Slippage unknown: Kraken Futures: live order book, 8 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 Kraken Futures live order book, 8 min ago	18.87 bp	32.4 bp −$32	3596.1 bp −$36.0K	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_MORPHOUSDlong	−0.1752%	1h	2.6537	long leg	$81K	$143K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.1179%	1h	2.6557	+0.076%	$11K	$812	10x	as long as short
01 Exchange MORPHOUSDshort	−0.0856%	1h	2.6492	−0.169%	$871	$12K	5x
Polymarket Perps MORPHO-USD	−0.0464%	1h	2.6556	+0.072%	$28K	$1.7M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0448%	4h	2.6519	−0.069%	$41K	$146K	10x	as long as short
Injective MORPHO/USDC PERP	−0.0405%	1h	2.6430	−0.403%	$37	$242K	5.5x	as long as short
Bybit MORPHOUSDT	−0.0362%	4h	2.6549	+0.046%	$8.4M	$9.3M	25x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0360%	1h	2.6546	+0.034%	$76K	$43K	25x	as long as short
Variational Omni MORPHO	−0.0201%	4h	2.6491	−0.171%	$630K	$1.0M	—	as long as short
BloFin MORPHO-USDT	−0.0187%	4h	2.6506	−0.116%	$637K	$253K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MORPHO_USDC	−0.0144%	4h	2.6554	+0.064%	$10K	$34K	10x	as long as short
Gate MORPHO_USDT	−0.0062%	4h	2.6550	+0.049%	$770K	$533K	50x	as long as short
Phoenix MORPHO	−0.0060%	1h	2.6548	+0.042%	$43K	$477K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6560	+0.087%	$16	—	10x	as long as short
Aster MORPHOUSDT	+0.0053%	4h	2.6546	+0.036%	$58K	$30K	20x	as long as short
MEXC MORPHO_USDT	+0.0054%	4h	2.6536	−0.003%	$5.5M	$961K	100x	as long as short
Binance MORPHOUSDT	+0.0054%	4h	2.6537	0.000%	$16.1M	$26.0M	75x	as long as short
Extended MORPHO-USD	+0.0056%	1h	2.6532	−0.020%	$103K	$298K	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6593	+0.212%	$317K	$331K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6538	+0.006%	$5K	$3	5x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6555	+0.068%	$3.2M	$4.5M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6560	+0.087%	$595K	$267K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6553	+0.061%	$2.9M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6559	+0.083%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6550	+0.049%	$22K	$4K	5x	as long as short
Hyperliquid MORPHO	+0.0104%	1h	2.6615	+0.296%	$6.3M	$7.0M	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0158% / S −0.3418%	1h	2.6592	+0.209%	$1K	—	100x	as long as short