MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0699%/8h= −76.6% APRnext payment −$0.87 per $10,000 · paid last 24h +0.261%

Price spread now: Kraken Futures against 01 Exchange+0.070%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 Kraken Futures

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. Kraken Futures is 0.070% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MORPHOUSD	2.6557	−0.1352	get 0.0169% / 1h	51m 00s	$873	$12K	5x
Short	Kraken Futures PF_MORPHOUSD	2.6575	−0.2051	pay 0.0256% / 1h	51m 00s	$83K	$147K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$146.82
Price spread: +0.070% → 0.000%: $6.96
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$156.86
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 36 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 36 min ago	17.81 bp	64.4 bp −$64	191.7 bp −$1,917	doesn't fit	doesn't fit

01 Exchange: 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_MORPHOUSDshort	−0.2051%	1h	2.6575	+0.070%	$83K	$147K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.1625%	1h	2.6623	+0.249%	$10K	$623	10x	as long as short
01 Exchange MORPHOUSDlong	−0.1352%	1h	2.6557	long leg	$873	$12K	5x
GRVT MORPHO_USDT_Perp	−0.0646%	4h	2.6664	+0.404%	$41K	$151K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0608%	1h	2.6624	+0.252%	$25K	$1.9M	5x	as long as short
Injective MORPHO/USDC PERP	−0.0385%	1h	2.6670	+0.425%	$38K	$142K	5.5x	as long as short
Bybit MORPHOUSDT	−0.0320%	4h	2.6589	+0.120%	$8.8M	$10.0M	25x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0296%	1h	2.6813	+0.964%	$77K	$46K	25x	as long as short
Gate MORPHO_USDT	−0.0244%	4h	2.6584	+0.102%	$759K	$517K	50x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6622	+0.245%	$652K	$205K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MORPHO_USDC	−0.0195%	4h	2.6614	+0.215%	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0030%	1h	2.6664	+0.403%	$34K	$493K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6628	+0.269%	$16	—	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6646	+0.335%	$317K	$335K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6618	+0.231%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6656	+0.374%	$6.3M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6605	+0.181%	$58K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6583	+0.097%	$16.3M	$26.8M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6578	+0.079%	$3.2M	$4.5M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6602	+0.169%	$5.4M	$1.1M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6617	+0.226%	$600K	$266K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6598	+0.154%	$2.9M	$2.0M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6608	+0.192%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6700	+0.538%	$649K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6622	+0.245%	$22K	$3K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6578	+0.079%	$103K	$301K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0193% / S −16.5420%	1h	2.6657	+0.376%	$1K	—	100x	as long as short