Funding you earn now, next payment 06:00 UTC+0.0105%/8h= +11.4% APRpaid last 24h +0.031%
Price spread now: KuCoin against Reya+0.092%7-day average — · you sell dearer than you buy
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
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.092% dearer against Reya than usual: you sell high and buy low: +$9 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 | Reya MORPHORUSDPERP | 2.5863 | −0.0005 | get 0.0001% / 1h | 36m 57s | $16 | — | 10x |
| Short | KuCoin MORPHOUSDTM | 2.5887 | 0.0100 | get 0.0050% / 4h | 2h 36m | $594K | $246K | 50x |
Reya MORPHORUSDPERP
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21.96
- Price spread: +0.092% → 0.000%
- $9.22
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $13.18
- Costs to cover
- 0.180%
- Break-even
- 2.8 days
Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 22 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 KuCoin live order book, 22 min ago | 15.21 bp | 107.1 bp −$107 | 202.2 bp −$2,022 | 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 | −0.1563% | 1h | 2.5830 | −0.127% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1179% | 1h | 2.5863 | −0.001% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0904% | 1h | 2.5826 | −0.144% | $849 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0416% | 4h | 2.5825 | −0.149% | $32K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5899 | +0.139% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0166% | 4h | 2.5859 | −0.016% | $637K | $243K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5870 | +0.027% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0132% | 4h | 2.5860 | −0.012% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERPlong | −0.0005% | 1h | 2.5863 | long leg | $16 | — | 10x | |
| Polymarket Perps MORPHO-USD | +0.0013% | 1h | 2.5879 | +0.061% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USDShow 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 | +2.192% | $37 | $242K | 5.5x | as long as short |
| Extended MORPHO-USD | +0.0080% | 1h | 2.5849 | −0.054% | $104K | $348K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0082% | 4h | 2.5853 | −0.039% | $5.9M | $875K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0083% | 4h | 2.5853 | −0.040% | $15.6M | $24.0M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5904 | +0.158% | $312K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5891 | +0.106% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5896 | +0.127% | $5.9M | $6.7M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5862 | −0.005% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5890 | +0.104% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5888 | +0.096% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5873 | +0.038% | $769K | $483K | 50x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.5887 | +0.092% | $594K | $246K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5867 | +0.015% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5875 | +0.046% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5841 | −0.086% | $615K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5864 | +0.003% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0160% / S +0.0036% | 1h | 2.5882 | +0.073% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]