Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against OKX+0.162%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$2092.088% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.162%, 7d avg +0.025%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.138% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6502 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $3.2M | $4.5M | 20x |
| Short | KuCoin MORPHOUSDTM | 2.6545 | 0.0100 | get 0.0050% / 4h | 3h 39m | $594K | $265K | 50x |
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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: +0.162% → +0.025%
- $13.77
- Slippage, 4 orders
- −$186.77
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$195
- Costs to cover
- 2.088%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 13 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 OKX live order book, 3 min ago | 1.32 bp | 19.8 bp −$20 | 183.0 bp −$1,830 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 13 min ago | 8.87 bp | 104.9 bp −$105 | 187.4 bp −$1,874 | 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 | −0.1835% | 1h | 2.6485 | −0.065% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0578% | 1h | 2.6542 | +0.151% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0432% | 1h | 2.6479 | −0.087% | $870 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6554 | +0.196% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6510 | +0.030% | $639K | $229K | 20x | as long as short |
| Variational Omni MORPHO | −0.0194% | 4h | 2.6536 | +0.128% | $630K | $1.0M | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.0149% | 1h | 2.6532 | +0.113% | $28K | $1.7M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0142% | 4h | 2.6524 | +0.083% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6525 | +0.087% | $43K | $474K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6529 | +0.102% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Variational Omni MORPHO
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | +0.0022% | 4h | 2.6515 | +0.049% | $8.3M | $9.2M | 25x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.272% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0060% | 4h | 2.6532 | +0.113% | $769K | $516K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6622 | +0.455% | $319K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6483 | −0.073% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6536 | +0.127% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6500 | −0.009% | $16.1M | $25.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.6502 | long leg | $3.2M | $4.5M | 20x | |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6505 | +0.011% | $5.5M | $902K | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6545 | +0.162% | $594K | $265K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6529 | +0.102% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6535 | +0.125% | — | $1.4M | — | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0100% | 4h | 2.6513 | +0.040% | $41K | $133K | 10x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6530 | +0.106% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6493 | −0.033% | $103K | $447K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6553 | +0.191% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0351% | 1h | 2.6579 | +0.291% | $6.3M | $7.0M | 5x | as long as short |
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
GRVT MORPHO_USDT_Perp
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO