Funding you earn now, next payment 12:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.43 per $10,000 · paid last 24h −0.025%
Price spread now: BloFin against Orderly+0.004%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 52 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 | Orderly PERP_MORPHO_USDC | 2.5695 | −0.0285 | get 0.0143% / 4h | 1h 31m | $10K | $33K | 10x |
| Short | BloFin MORPHO-USDT | 2.5696 | −0.0200 | pay 0.0100% / 4h | 1h 31m | $637K | $225K | 20x |
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Orderly. 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
- $17.89
- Price spread: +0.004% → 0.000%
- $0.39
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $0.28
- Costs to cover
- 0.180%
- Break-even
- 6.9 days
Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 13 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 Orderly no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 13 min ago | 0.96 bp | 15.1 bp −$15 | 27.6 bp −$276 | doesn't fit | doesn't fit |
Orderly: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1248% | 1h | 2.5413 | −1.097% | $52K | $54K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1150% | 1h | 2.5685 | −0.039% | $10K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0808% | 1h | 2.5629 | −0.257% | $2K | $10K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.0493% | 1h | 2.5706 | +0.044% | $82K | $134K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.0302% | 4h | 2.5678 | −0.066% | $7.7M | $7.4M | 25x | as long as short |
| Orderly PERP_MORPHO_USDClong | −0.0285% | 4h | 2.5695 | long leg | $10K | $33K | 10x | |
| BloFin MORPHO-USDTshort | −0.0200% | 4h | 2.5696 | +0.004% | $637K | $225K | 20x | |
| GRVT MORPHO_USDT_Perp | −0.0176% | 4h | 2.5928 | +0.905% | $38K | $114K | 10x | as long as short |
| Variational Omni MORPHO | −0.0119% | 4h | 2.5888 | +0.753% | $617K | $212K | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.0048% | 1h | 2.5721 | +0.101% | $25K | $1.1M | 5x | as long as short |
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Kraken Futures PF_MORPHOUSD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Variational Omni MORPHO
Polymarket Perps MORPHO-USDShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0031% | 1h | 2.5723 | +0.109% | $33K | $287K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5686 | −0.036% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.860% | $37 | $242K | 5.5x | as long as short |
| Aster MORPHOUSDT | +0.0063% | 4h | 2.5756 | +0.237% | $56K | $51K | 20x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5761 | +0.255% | $308K | $246K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5675 | −0.078% | $5K | $200 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5746 | +0.198% | $5.9M | $6.4M | 5x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5676 | −0.074% | $15.2M | $22.4M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5683 | −0.047% | $3.1M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5697 | +0.008% | $751K | $459K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5693 | −0.008% | $6.4M | $968K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5713 | +0.070% | $592K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5703 | +0.031% | $2.7M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5699 | +0.016% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5685 | −0.039% | $21K | $5K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5688 | −0.026% | $105K | $376K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0179% / S −19.6048% | 1h | 2.5855 | +0.623% | $2K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Aster MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]