Funding you earn now, next payment 22:00 UTC+0.0848%/8h= +92.9% APRnext payment +$1.06 per $10,000 · paid last 24h +0.252%
Price spread now: Coinbase International against 01 Exchange+0.174%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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Coinbase International is 0.174% dearer against 01 Exchange than usual: you sell high and buy low: +$17 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 | 01 Exchange MORPHOUSD | 2.6388 | −0.1160 | get 0.0145% / 1h | 0m 29s | $867 | $12K | 5x |
| Short | Coinbase International MORPHO-PERP-INTX | 2.6434 | −0.0312 | pay 0.0039% / 1h | 0m 29s | $76K | $43K | 25x |
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against 01 Exchange. 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
- $178.08
- Price spread: +0.174% → 0.000%
- $17.43
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $178.51
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; Coinbase International: no order-book sample. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
01 Exchange and Coinbase International: 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 | −0.1859% | 1h | 2.6398 | +0.038% | $81K | $148K | 20x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.1160% | 1h | 2.6388 | long leg | $867 | $12K | 5x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.1149% | 1h | 2.6420 | +0.121% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0674% | 1h | 2.6445 | +0.216% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0576% | 4h | 2.6390 | +0.007% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0399% | 4h | 2.6460 | +0.273% | $8.4M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.159% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTXshort | −0.0312% | 1h | 2.6434 | +0.174% | $76K | $43K | 25x | |
| BloFin MORPHO-USDT | −0.0224% | 4h | 2.6400 | +0.045% | $639K | $249K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6421 | +0.125% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0116% | 4h | 2.6458 | +0.265% | $768K | $534K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6447 | +0.224% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0080% | 4h | 2.6401 | +0.051% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6444 | +0.211% | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | +0.0015% | 4h | 2.6442 | +0.205% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6437 | +0.187% | $103K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0016% | 4h | 2.6438 | +0.189% | $5.4M | $1.1M | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6498 | +0.415% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6435 | +0.180% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6508 | +0.455% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6455 | +0.253% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6453 | +0.246% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6472 | +0.318% | $592K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6452 | +0.243% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6444 | +0.212% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6420 | +0.121% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6452 | +0.241% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Binance MORPHOUSDT
Extended MORPHO-USD
MEXC MORPHO_USDT
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]