Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.63 per $10,000 · paid last 24h +0.013%
Price spread now: MEXC against Variational Omni−0.028%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.028%, 7d avg −0.025%
=Together, before fees+0.277%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.5995 | −0.0050 | get 0.0025% / 4h | 1h 08m | $619K | $677K | — |
| Short | MEXC MORPHO_USDT | 2.5988 | 0.0076 | get 0.0038% / 4h | 1h 08m | $6.3M | $904K | 100x |
Variational Omni MORPHO
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Variational Omni. 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
- $26.43
- Price spread: −0.028% → −0.025%
- −$0.22
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $22.21
- Costs to cover
- 0.040%
- Break-even
- 1.1 days
Slippage unknown: Variational Omni: RFQ quote, 40 min ago; MEXC: live order book, 4 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 Variational Omni RFQ quote, 40 min ago | 6.56 bp | doesn't fit | 75.1 bp −$751 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.35 bp | 7.2 bp −$7 | 44.4 bp −$444 | 174.8 bp −$17.5K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1401% | 1h | 2.6001 | +0.022% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1372% | 1h | 2.6004 | +0.034% | $84K | $135K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1160% | 1h | 2.5896 | −0.382% | $851 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0478% | 4h | 2.5987 | −0.031% | $30K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5855 | −0.539% | $72K | $38K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0328% | 4h | 2.6010 | +0.057% | $7.9M | $8.6M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0312% | 1h | 2.6009 | +0.053% | $28K | $1.4M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0236% | 4h | 2.5983 | −0.047% | $637K | $241K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0154% | 4h | 2.6001 | +0.022% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0092% | 1h | 2.6022 | +0.103% | $33K | $339K | 5x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MORPHOlong | −0.0050% | 4h | 2.5995 | long leg | $619K | $677K | — | |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6002 | +0.028% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | +0.0026% | 4h | 2.6023 | +0.107% | $763K | $512K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.673% | $37 | $242K | 5.5x | as long as short |
| Binance MORPHOUSDT | +0.0070% | 4h | 2.5985 | −0.039% | $15.7M | $24.4M | 75x | as long as short |
| MEXC MORPHO_USDTshort | +0.0076% | 4h | 2.5988 | −0.028% | $6.3M | $904K | 100x | |
| Extended MORPHO-USD | +0.0080% | 1h | 2.5978 | −0.067% | $99K | $345K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6037 | +0.160% | $313K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5967 | −0.109% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6043 | +0.184% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6024 | +0.109% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6010 | +0.057% | $3.2M | $4.2M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6038 | +0.165% | $590K | $260K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6001 | +0.022% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5998 | +0.011% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6004 | +0.034% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6029 | +0.132% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
Binance MORPHOUSDT
Extended MORPHO-USD
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]