Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%
Price spread now: Reya against KuCoin−0.041%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
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (−$4 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 | 2.6544 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $622K | $271K | 50x |
| Short | Reya MORPHORUSDPERP | 2.6533 | −0.0004 | pay 0.0001% / 1h | 29m 21s | $16 | — | 10x |
KuCoin MORPHOUSDTM
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$21.92
- Price spread: −0.041% → 0.000%
- −$4.07
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$43.99
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 53 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 KuCoin live order book, 53 min ago | 13.94 bp | 65.8 bp −$66 | 203.9 bp −$2,039 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.2055% | 1h | 2.6526 | −0.069% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1030% | 1h | 2.6534 | −0.038% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0904% | 1h | 2.6503 | −0.154% | $871 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0436% | 4h | 2.6505 | −0.148% | $29K | $154K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0431% | 1h | 2.6528 | −0.060% | $26K | $1.8M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6460 | −0.316% | $37 | $161K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6523 | −0.079% | $76K | $46K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6508 | −0.136% | $647K | $222K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0175% | 4h | 2.6528 | −0.060% | $10K | $34K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0146% | 4h | 2.6550 | +0.023% | $8.6M | $10.1M | 25x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Bybit MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0120% | 4h | 2.6519 | −0.094% | $760K | $523K | 50x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6539 | −0.019% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0004% | 1h | 2.6533 | −0.041% | $16 | — | 10x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6569 | +0.095% | $316K | $336K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6525 | −0.073% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6578 | +0.128% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6546 | +0.007% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6529 | −0.057% | $16.3M | $26.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6570 | +0.098% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6525 | −0.072% | $5.4M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.6544 | long leg | $622K | $271K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6538 | −0.023% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6539 | −0.019% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6509 | −0.133% | $643K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6524 | −0.075% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6525 | −0.071% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6552 | +0.028% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]