Funding you earn now, next payment 08:00 UTC+0.0275%/8h= +30.1% APRnext payment +$1.37 per $10,000 · paid last 24h +0.067%
Price spread now: KuCoin against Orderly+0.085%7-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
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.085% dearer against Orderly than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MORPHO_USDC | 2.5931 | −0.0175 | get 0.0087% / 4h | 46m 40s | $10K | $34K | 10x |
| Short | KuCoin MORPHOUSDTM | 2.5953 | 0.0100 | get 0.0050% / 4h | 46m 40s | $591K | $264K | 50x |
Orderly PERP_MORPHO_USDC
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $57.69
- Price spread: +0.085% → 0.000%
- $8.48
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $48.18
- Costs to cover
- 0.180%
- Break-even
- 1.2 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 58 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 KuCoin live order book, 58 min ago | 8.07 bp | 85.9 bp −$86 | 159.5 bp −$1,595 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.1464% | 1h | 2.5866 | −0.251% | $850 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1443% | 1h | 2.5938 | +0.027% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1231% | 1h | 2.5916 | −0.059% | $84K | $133K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0580% | 4h | 2.5873 | −0.225% | $30K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0496% | 1h | 2.5832 | −0.382% | $71K | $36K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0439% | 4h | 2.5947 | +0.062% | $7.9M | $8.7M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0393% | 1h | 2.5947 | +0.062% | $24K | $1.4M | 5x | as long as short |
| Variational Omni MORPHO | −0.0200% | 4h | 2.5890 | −0.158% | $617K | $676K | — | as long as short |
| Phoenix MORPHO | −0.0185% | 1h | 2.5894 | −0.143% | $33K | $336K | 5x | as long as short |
| Orderly PERP_MORPHO_USDClong | −0.0175% | 4h | 2.5931 | long leg | $10K | $34K | 10x |
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Variational Omni MORPHO
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MORPHO-USDT | −0.0080% | 4h | 2.5938 | +0.027% | $637K | $240K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0044% | 4h | 2.5952 | +0.081% | $760K | $502K | 50x | as long as short |
| Binance MORPHOUSDT | −0.0006% | 4h | 2.5917 | −0.054% | $15.6M | $24.5M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5941 | +0.039% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0002% | 4h | 2.5913 | −0.069% | $6.3M | $902K | 100x | as long as short |
| Extended MORPHO-USD | 0.0000% | 1h | 2.5912 | −0.074% | $99K | $342K | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.924% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5953 | +0.083% | $312K | $287K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5908 | −0.087% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5975 | +0.170% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5930 | −0.003% | $55K | $44K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5945 | +0.054% | $3.2M | $4.2M | 20x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.5953 | +0.085% | $591K | $264K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5925 | −0.023% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5936 | +0.019% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5932 | +0.004% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5967 | +0.139% | $1K | — | 100x | as long as short |
BloFin MORPHO-USDT
Gate MORPHO_USDT
Binance MORPHOUSDT
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]