Funding you earn now, next payment 08:00 UTC−0.0232%/8h= −25.4% APRnext payment −$1.16 per $10,000 · paid last 24h −0.067%
Price spread now: Orderly against KuCoin−0.142%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$7 a day on $10k at the current rate, and Orderly is 0.142% cheaper against KuCoin than usual: you would sell low and buy high (−$14 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 | 2.5994 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $597K | $248K | 50x |
| Short | Orderly PERP_MORPHO_USDC | 2.5957 | −0.0132 | pay 0.0066% / 4h | 3h 11m | $10K | $34K | 10x |
KuCoin MORPHOUSDTM
Orderly PERP_MORPHO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$48.64
- Price spread: −0.142% → 0.000%
- −$14.23
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$80.88
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 62 min ago; Orderly: 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 | 10.52 bp | 55.2 bp −$55 | 163.1 bp −$1,631 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.2174% | 1h | 2.5967 | −0.104% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1557% | 1h | 2.5957 | −0.142% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0968% | 1h | 2.5912 | −0.315% | $851 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0514% | 4h | 2.5958 | −0.139% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5993 | −0.004% | $74K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5969 | −0.096% | $635K | $240K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0154% | 1h | 2.5977 | −0.065% | $24K | $1.5M | 5x | as long as short |
| Orderly PERP_MORPHO_USDCshort | −0.0132% | 4h | 2.5957 | −0.142% | $10K | $34K | 10x | |
| Phoenix MORPHO | −0.0061% | 1h | 2.6016 | +0.085% | $43K | $337K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5968 | −0.100% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.677% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6000 | +0.022% | $312K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5975 | −0.073% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6030 | +0.139% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5991 | −0.012% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5963 | −0.119% | $15.7M | $23.9M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5990 | −0.015% | $8.1M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5994 | 0.000% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5986 | −0.031% | $766K | $477K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5965 | −0.112% | $6.0M | $840K | 100x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.5994 | long leg | $597K | $248K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5974 | −0.077% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5977 | −0.065% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5980 | −0.052% | $619K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5966 | −0.108% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5947 | −0.179% | $100K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5993 | −0.004% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]