Funding you earn now, next payment 23:00 UTC−0.0173%/8h= −19.0% APRpaid last 24h −0.029%
Price spread now: BloFin against Reya−0.018%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.6438 | −0.0004 | get 0.0001% / 1h | 42m 37s | $16 | — | 10x |
| Short | BloFin MORPHO-USDT | 2.6433 | −0.0178 | pay 0.0089% / 4h | 1h 42m | $642K | $244K | 20x |
Reya MORPHORUSDPERP
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Reya. 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
- −$36.41
- Price spread: −0.018% → 0.000%
- −$1.76
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$56.17
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; BloFin: live order book, 39 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 Reya no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 39 min ago | 0.56 bp | 17.4 bp −$17 | 35.7 bp −$357 | doesn't fit | doesn't fit |
Reya: 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 | −0.1857% | 1h | 2.6436 | −0.007% | $82K | $149K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1186% | 1h | 2.6434 | −0.014% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1152% | 1h | 2.6376 | −0.233% | $867 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0606% | 1h | 2.6432 | −0.021% | $26K | $1.7M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0591% | 4h | 2.6467 | +0.111% | $8.5M | $9.5M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0572% | 4h | 2.6428 | −0.037% | $29K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.029% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6427 | −0.040% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDTshort | −0.0178% | 4h | 2.6433 | −0.018% | $642K | $244K | 20x | |
| Gate MORPHO_USDT | −0.0176% | 4h | 2.6434 | −0.014% | $770K | $530K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0156% | 4h | 2.6422 | −0.059% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6468 | +0.115% | $34K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0014% | 4h | 2.6447 | +0.037% | $628K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERPlong | −0.0004% | 1h | 2.6438 | long leg | $16 | — | 10x | |
| Extended MORPHO-USD | +0.0088% | 1h | 2.6426 | −0.043% | $103K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0088% | 4h | 2.6457 | +0.073% | $5.2M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0089% | 4h | 2.6455 | +0.066% | $16.1M | $26.1M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6504 | +0.252% | $315K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6451 | +0.052% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6528 | +0.342% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6482 | +0.168% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6469 | +0.119% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6488 | +0.190% | $619K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6482 | +0.168% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6466 | +0.107% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6430 | −0.029% | $22K | $3K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6454 | +0.062% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]