MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0411%/8h= −45.0% APRnext payment −$0.51 per $10,000 · paid last 24h −0.066%

Price spread now: Deribit against 01 Exchange+0.101%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Deribit

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Deribit is 0.101% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MORPHOUSD	2.5758	−0.0888	get 0.0111% / 1h	31m 44s	$846	$9K	5x
Short	Deribit MORPHO_USDC-PERPETUAL	2.5784	−0.1299	pay 0.0162% / 1h	31m 44s	$11K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee DeribitbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$86.3
Price spread: +0.101% → 0.000%: $10.09
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$90.21
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Deribit: 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 Deribit no order-book sample	—	—	—	—	—

01 Exchange and Deribit: 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	−0.1566%	1h	2.5776	+0.071%	$81K	$129K	20x	as long as short
Deribit MORPHO_USDC-PERPETUALshort	−0.1299%	1h	2.5784	+0.101%	$11K	$2K	10x
01 Exchange MORPHOUSDlong	−0.0888%	1h	2.5758	long leg	$846	$9K	5x
GRVT MORPHO_USDT_Perp	−0.0394%	4h	2.5854	+0.373%	$33K	$134K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0216%	1h	2.5835	+0.299%	$73K	$39K	25x	as long as short
BloFin MORPHO-USDT	−0.0177%	4h	2.5803	+0.175%	$634K	$241K	20x	as long as short
Phoenix MORPHO	−0.0154%	1h	2.5858	+0.388%	$33K	$330K	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0131%	4h	2.5789	+0.120%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.5790	+0.124%	$15	—	10x	as long as short
Polymarket Perps MORPHO-USD	+0.0018%	1h	2.5818	+0.233%	$25K	$1.5M	5x	as long as short

Show 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	+2.609%	$37	$242K	5.5x	as long as short
MEXC MORPHO_USDT	+0.0086%	4h	2.5783	+0.097%	$6.2M	$909K	100x	as long as short
Extended MORPHO-USD	+0.0088%	1h	2.5775	+0.068%	$103K	$343K	10x	as long as short
Binance MORPHOUSDT	+0.0089%	4h	2.5786	+0.109%	$15.6M	$24.0M	75x	as long as short
Lighter MORPHO	+0.0096%	1h	2.5833	+0.291%	$311K	$295K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.5785	+0.106%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.5826	+0.264%	$5.9M	$6.8M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.5792	+0.133%	$57K	$31K	20x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.5801	+0.167%	$7.9M	$8.5M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.5821	+0.245%	$3.2M	$4.0M	20x	as long as short
Gate MORPHO_USDT	+0.0100%	4h	2.5794	+0.140%	$755K	$487K	50x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.5822	+0.248%	$593K	$246K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.5754	−0.016%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5791	+0.128%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.5866	+0.419%	$615K	$677K	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.5776	+0.070%	$21K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0156% / S +0.0037%	1h	2.5819	+0.237%	$6K	—	100x	as long as short