Funding you earn now, next payment 08:00 UTC+0.1588%/8h= +173.9% APRpaid last 24h +0.239%
Price spread now: OKX against 01 Exchange+0.272%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 +$48 a day on $10k at the current rate, and OKX is 0.272% dearer against 01 Exchange than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.5725 | −0.1488 | get 0.0186% / 1h | 14m 36s | $845 | $9K | 5x |
| Short | OKX MORPHO-USDT-SWAP | 2.5795 | 0.0100 | get 0.0050% / 4h | 14m 36s | $3.2M | $4.1M | 20x |
01 Exchange MORPHOUSD
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $333.48
- Price spread: +0.272% → 0.000%
- $27.21
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $343.69
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago | 0.58 bp | 19.7 bp −$20 | 98.8 bp −$988 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1532% | 1h | 2.5773 | +0.187% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.1488% | 1h | 2.5725 | long leg | $845 | $9K | 5x | |
| Kraken Futures PF_MORPHOUSD | −0.1239% | 1h | 2.5742 | +0.066% | $84K | $133K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0704% | 4h | 2.5772 | +0.183% | $30K | $135K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0496% | 1h | 2.5791 | +0.257% | $71K | $37K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0494% | 4h | 2.5811 | +0.334% | $7.9M | $8.4M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0409% | 1h | 2.5793 | +0.264% | $27K | $1.4M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0388% | 4h | 2.5761 | +0.140% | $630K | $238K | 20x | as long as short |
| Variational Omni MORPHO | −0.0378% | 4h | 2.5786 | +0.237% | $614K | $526K | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0235% | 4h | 2.5768 | +0.167% | $10K | $34K | 10x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Variational Omni MORPHO
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0185% | 1h | 2.5801 | +0.295% | $33K | $336K | 5x | as long as short |
| Extended MORPHO-USD | −0.0152% | 1h | 2.5773 | +0.186% | $99K | $375K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0148% | 4h | 2.5780 | +0.214% | $15.5M | $24.1M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0148% | 4h | 2.5781 | +0.218% | $6.2M | $908K | 100x | as long as short |
| Gate MORPHO_USDT | −0.0140% | 4h | 2.5793 | +0.264% | $759K | $506K | 50x | as long as short |
| Aster MORPHOUSDT | −0.0081% | 4h | 2.5780 | +0.212% | $54K | $48K | 20x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5764 | +0.152% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.741% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5817 | +0.359% | $311K | $288K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5794 | +0.266% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5830 | +0.408% | $5.9M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.5795 | +0.272% | $3.2M | $4.1M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5791 | +0.257% | $587K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5782 | +0.222% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5789 | +0.249% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5765 | +0.155% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S −12.8912% | 1h | 2.5804 | +0.307% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Gate MORPHO_USDT
Aster MORPHOUSDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]