Funding you earn now, next payment 04:00 UTC+0.0235%/8h= +25.7% APRnext payment +$1.18 per $10,000 · paid last 24h +0.063%
Price spread now: MEXC against Orderly−0.004%7-day average — · you buy dearer than you sell
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: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MORPHO_USDC | 2.6519 | −0.0141 | get 0.0070% / 4h | 3h 42m | $10K | $34K | 10x |
| Short | MEXC MORPHO_USDT | 2.6518 | 0.0094 | get 0.0047% / 4h | 3h 42m | $5.5M | $902K | 100x |
Orderly PERP_MORPHO_USDC
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $49.35
- Price spread: −0.004% → 0.000%
- −$0.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $38.97
- Costs to cover
- 0.100%
- Break-even
- 1.5 days
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 1.51 bp | 7.0 bp −$7 | 38.4 bp −$384 | 191.4 bp −$19.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.1835% | 1h | 2.6483 | −0.137% | $80K | $132K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0456% | 1h | 2.6537 | +0.068% | $872 | $13K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0390% | 1h | 2.6535 | +0.060% | $11K | $785 | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6554 | +0.132% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0242% | 4h | 2.6451 | −0.257% | $628K | $1.0M | — | as long as short |
| BloFin MORPHO-USDT | −0.0191% | 4h | 2.6518 | −0.004% | $639K | $229K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0154% | 1h | 2.6530 | +0.041% | $28K | $1.7M | 5x | as long as short |
| Orderly PERP_MORPHO_USDClong | −0.0141% | 4h | 2.6519 | long leg | $10K | $34K | 10x | |
| Phoenix MORPHO | −0.0030% | 1h | 2.6525 | +0.023% | $43K | $474K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6521 | +0.009% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Phoenix MORPHO
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.336% | $37 | $242K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0064% | 4h | 2.6465 | −0.204% | $41K | $133K | 10x | as long as short |
| MEXC MORPHO_USDTshort | +0.0094% | 4h | 2.6518 | −0.004% | $5.5M | $902K | 100x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6606 | +0.327% | $318K | $325K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.6516 | −0.010% | $106K | $417K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6538 | +0.070% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6529 | +0.036% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6524 | +0.020% | $16.1M | $25.9M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6512 | −0.026% | $8.3M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6524 | +0.019% | $3.2M | $4.5M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6529 | +0.038% | $768K | $516K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6524 | +0.019% | $594K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6537 | +0.068% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6520 | +0.004% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6530 | +0.041% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6545 | +0.098% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0347% | 1h | 2.6585 | +0.249% | $6.3M | $7.0M | 5x | as long as short |
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_Perp
Lighter MORPHO
Extended MORPHO-USD
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO