Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against MEXC+0.101%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days−0.054%−$5 · spread now +0.101%, 7d avg +0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.057% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6607 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $5.5M | $905K | 100x |
| Short | OKX MORPHO-USDT-SWAP | 2.6634 | 0.0100 | get 0.0050% / 4h | 3h 16m | $3.2M | $4.5M | 20x |
MEXC MORPHO_USDT
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: +0.101% → +0.045%
- $5.68
- Slippage, 4 orders
- −$40.16
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$48.48
- Costs to cover
- 0.542%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago | 1.13 bp | 6.3 bp −$6 | 41.2 bp −$412 | 118.4 bp −$11.8K | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.94 bp | 19.5 bp −$19 | 84.2 bp −$842 | 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 | −0.1827% | 1h | 2.6600 | −0.028% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0689% | 1h | 2.6606 | −0.004% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0456% | 1h | 2.6616 | +0.034% | $875 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6635 | +0.105% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6593 | −0.053% | $642K | $229K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6593 | −0.053% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0112% | 4h | 2.6621 | +0.051% | $634K | $1.0M | — | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6644 | +0.139% | $44K | $474K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0030% | 1h | 2.6630 | +0.086% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0016% | 4h | 2.6605 | −0.008% | $41K | $133K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Variational Omni MORPHO
Phoenix MORPHO
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6626 | +0.071% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.665% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0054% | 4h | 2.6641 | +0.128% | $770K | $524K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6729 | +0.459% | $320K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6633 | +0.096% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6631 | +0.091% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6614 | +0.026% | $16.1M | $25.9M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6626 | +0.071% | $8.5M | $9.1M | 25x | as long as short |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.6634 | +0.101% | $3.2M | $4.5M | 20x | |
| MEXC MORPHO_USDTlong | +0.0100% | 4h | 2.6607 | long leg | $5.5M | $905K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6631 | +0.090% | $595K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6639 | +0.120% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6630 | +0.086% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6615 | +0.030% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6613 | +0.023% | $104K | $358K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6622 | +0.056% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0349% | 1h | 2.6679 | +0.271% | $6.3M | $7.0M | 5x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO