Funding you earn now, next payment 23:00 UTC−0.1400%/8h= −153.3% APRpaid last 24h −0.262%
Price spread now: Deribit against KuCoin−0.132%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 −$42 a day on $10k at the current rate, and Deribit is 0.132% cheaper against KuCoin than usual: you would sell low and buy high (−$13 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 | KuCoin MORPHOUSDTM | 2.6442 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $591K | $269K | 50x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.6407 | −0.1300 | pay 0.0163% / 1h | 11m 02s | $11K | $812 | 10x |
KuCoin MORPHOUSDTM
Deribit MORPHO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- −$294.04
- Price spread: −0.132% → 0.000%
- −$13.24
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$326.28
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 62 min ago; Deribit: 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 KuCoin live order book, 62 min ago | 9.24 bp | 61.4 bp −$61 | 176.1 bp −$1,761 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.1859% | 1h | 2.6402 | −0.151% | $81K | $151K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALshort | −0.1300% | 1h | 2.6407 | −0.132% | $11K | $812 | 10x | |
| 01 Exchange MORPHOUSD | −0.1168% | 1h | 2.6352 | −0.340% | $866 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0697% | 1h | 2.6412 | −0.113% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0574% | 4h | 2.6418 | −0.091% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0437% | 4h | 2.6414 | −0.106% | $8.4M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.045% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6469 | +0.102% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0209% | 4h | 2.6402 | −0.151% | $638K | $249K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6411 | −0.117% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0126% | 4h | 2.6420 | −0.083% | $767K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6439 | −0.011% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0062% | 4h | 2.6437 | −0.020% | $629K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6419 | −0.087% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0030% | 4h | 2.6387 | −0.208% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0031% | 4h | 2.6394 | −0.182% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0032% | 1h | 2.6385 | −0.216% | $103K | $301K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6446 | +0.015% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6415 | −0.103% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6458 | +0.061% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6418 | −0.090% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6415 | −0.102% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.6442 | long leg | $591K | $269K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6415 | −0.102% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6411 | −0.117% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6405 | −0.140% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6438 | −0.014% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]