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: Variational Omni against MEXC+0.244%7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.110%−$11 · spread now +0.244%, 7d avg +0.030%
=Together, before fees−0.110%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.214% dearer against MEXC than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6529 | 0.0100 | pay 0.0050% / 4h | 2h 13m | $5.5M | $1.2M | 100x |
| Short | Variational Omni MORPHO | 2.6594 | 0.0100 | get 0.0050% / 4h | 2h 13m | $647K | $1.2M | — |
MEXC MORPHO_USDT
Variational Omni MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: +0.244% → +0.030%
- $21.4
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $17.4
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 4 min ago; Variational Omni: RFQ quote, 1 min ago. 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 MEXC live order book, 4 min ago | 0.38 bp | 6.1 bp −$6 | 45.9 bp −$459 | 198.7 bp −$19.9K | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 6.49 bp | doesn't fit | 84.6 bp −$846 | 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 | −0.2059% | 1h | 2.6480 | −0.185% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1556% | 1h | 2.6524 | −0.019% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0864% | 1h | 2.6474 | −0.207% | $870 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0411% | 1h | 2.6528 | −0.004% | $26K | $1.8M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6610 | +0.305% | $37 | $198K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0344% | 4h | 2.6601 | +0.272% | $30K | $154K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6617 | +0.332% | $77K | $46K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0209% | 4h | 2.6525 | −0.015% | $8.6M | $9.9M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6528 | −0.004% | $646K | $222K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0169% | 4h | 2.6537 | +0.030% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0110% | 4h | 2.6565 | +0.136% | $775K | $548K | 50x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6639 | +0.415% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6530 | +0.003% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6572 | +0.160% | $317K | $336K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6525 | −0.015% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6592 | +0.237% | $6.3M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6558 | +0.109% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6519 | −0.038% | $16.2M | $26.7M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6537 | +0.030% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDTlong | +0.0100% | 4h | 2.6529 | long leg | $5.5M | $1.2M | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6601 | +0.271% | $623K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6575 | +0.173% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6548 | +0.072% | — | $1.5M | — | as long as short |
| Variational Omni MORPHOshort | +0.0100% | 4h | 2.6594 | +0.244% | $647K | $1.2M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6515 | −0.053% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6514 | −0.055% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6569 | +0.150% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]