Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against KuCoin−0.120%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1661.660% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.120%, 7d avg −0.057%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.064% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.6576 | 0.0100 | pay 0.0050% / 4h | 2h 01m | $621K | $267K | 50x |
| Short | MEXC MORPHO_USDT | 2.6544 | 0.0100 | get 0.0050% / 4h | 2h 01m | $5.5M | $1.2M | 100x |
KuCoin MORPHOUSDTM
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0
- Price spread: −0.120% → −0.057%
- −$6.39
- Slippage, 4 orders
- −$149.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$172.34
- Costs to cover
- 1.660%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 min ago; MEXC: live order book, 5 min ago.
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, 11 min ago | 9.24 bp | 61.4 bp −$61 | 176.1 bp −$1,761 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.70 bp | 7.6 bp −$8 | 43.3 bp −$433 | 165.9 bp −$16.6K | doesn't fit |
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 | −0.2053% | 1h | 2.6548 | −0.107% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1442% | 1h | 2.6556 | −0.075% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0984% | 1h | 2.6470 | −0.399% | $870 | $13K | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0572% | 4h | 2.6547 | −0.109% | $8.6M | $9.7M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0535% | 1h | 2.6547 | −0.109% | $26K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0528% | 4h | 2.6491 | −0.318% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6610 | +0.128% | $37 | $198K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6617 | +0.154% | $77K | $45K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6455 | −0.455% | $646K | $246K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0192% | 4h | 2.6539 | −0.139% | $774K | $548K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0165% | 4h | 2.6552 | −0.090% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6545 | −0.117% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6555 | −0.078% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6584 | +0.031% | $316K | $340K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6533 | −0.161% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6603 | +0.102% | $6.3M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6558 | −0.068% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6536 | −0.150% | $16.2M | $26.5M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6544 | −0.120% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDTshort | +0.0100% | 4h | 2.6544 | −0.120% | $5.5M | $1.2M | 100x | |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.6576 | long leg | $621K | $267K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6547 | −0.109% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6549 | −0.102% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6504 | −0.272% | $644K | $1.2M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6549 | −0.102% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6537 | −0.148% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6590 | +0.053% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]