Funding you earn now, next payment 00:00 UTC−0.0237%/8h= −26.0% APRnext payment −$1.19 per $10,000 · paid last 24h −0.060%
Price spread now: BloFin against MEXC+0.068%94s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days+0.401%+$40 on $10k
+Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.068%, 7d avg +0.011%
=The price spread pays, funding is against you. BloFin is 0.057% dearer against MEXC than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.011%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.401%, so the current rate has only just turned against you. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6420 | 0.0030 | pay 0.0015% / 4h | 1h 11m | $5.4M | $1.1M | 100x |
| Short | BloFin MORPHO-USDT | 2.6438 | −0.0207 | pay 0.0104% / 4h | 1h 11m | $639K | $249K | 20x |
MEXC MORPHO_USDT
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- −$49.82
- Price spread: +0.068% → +0.011%
- $5.71
- Slippage, 4 orders
- −$31
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$91.11
- Costs to cover
- 0.470%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; BloFin: 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 MEXC live order book, 5 min ago | 1.13 bp | 6.2 bp −$6 | 35.0 bp −$350 | 199.3 bp −$19.9K | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.84 bp | 18.6 bp −$19 | 34.3 bp −$343 | doesn't fit | 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 | −0.1858% | 1h | 2.6413 | −0.027% | $81K | $151K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1224% | 1h | 2.6426 | +0.023% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1168% | 1h | 2.6352 | −0.257% | $866 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0697% | 1h | 2.6412 | −0.030% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0574% | 4h | 2.6418 | −0.008% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0437% | 4h | 2.6428 | +0.030% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.038% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6469 | +0.185% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDTshort | −0.0207% | 4h | 2.6438 | +0.068% | $639K | $249K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6428 | +0.030% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
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 | 2.6419 | −0.004% | $767K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6439 | +0.072% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0062% | 4h | 2.6437 | +0.063% | $629K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6419 | −0.004% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDTlong | +0.0030% | 4h | 2.6420 | long leg | $5.4M | $1.1M | 100x | |
| Binance MORPHOUSDT | +0.0031% | 4h | 2.6415 | −0.020% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0032% | 1h | 2.6415 | −0.020% | $103K | $301K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6458 | +0.145% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6415 | −0.020% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6487 | +0.254% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6425 | +0.019% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6439 | +0.072% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6450 | +0.114% | $591K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6428 | +0.030% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6430 | +0.038% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6426 | +0.023% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6458 | +0.145% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Binance MORPHOUSDT
Extended MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]