Funding you earn now, next payment 05:00 UTC+0.1020%/8h= +111.7% APRpaid last 24h +0.201%
Price spread now: Variational Omni against 01 Exchange+0.260%7-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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$31 a day on $10k at the current rate, and Variational Omni is 0.260% dearer against 01 Exchange than usual: you sell high and buy low: +$26 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 | 2.5983 | −0.0920 | get 0.0115% / 1h | 34m 09s | $854 | $9K | 5x |
| Short | Variational Omni MORPHO | 2.6050 | 0.0100 | get 0.0050% / 4h | 3h 34m | $622K | $675K | — |
01 Exchange MORPHOUSD
Variational Omni MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $214.2
- Price spread: +0.260% → 0.000%
- $25.96
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $233.16
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 25 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 Variational Omni RFQ quote, 25 min ago | 4.63 bp | doesn't fit | 66.4 bp −$664 | 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_MORPHOUSD | −0.2172% | 1h | 2.5987 | +0.016% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1362% | 1h | 2.6009 | +0.100% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0920% | 1h | 2.5983 | long leg | $854 | $9K | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0570% | 4h | 2.5991 | +0.031% | $34K | $140K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0234% | 4h | 2.6040 | +0.219% | $8.1M | $8.5M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0218% | 1h | 2.6045 | +0.239% | $24K | $1.5M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6099 | +0.446% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6033 | +0.192% | $636K | $241K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0135% | 4h | 2.6042 | +0.227% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6048 | +0.250% | $43K | $337K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
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 | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6025 | +0.163% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.720% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0036% | 4h | 2.6029 | +0.177% | $763K | $470K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6048 | +0.249% | $313K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6027 | +0.168% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6076 | +0.358% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6068 | +0.327% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6016 | +0.127% | $15.7M | $24.0M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6040 | +0.219% | $3.2M | $4.0M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6015 | +0.123% | $6.0M | $836K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6055 | +0.277% | $599K | $248K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6023 | +0.154% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6024 | +0.158% | — | $1.4M | — | as long as short |
| Variational Omni MORPHOshort | +0.0100% | 4h | 2.6050 | +0.260% | $622K | $675K | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6008 | +0.096% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6005 | +0.083% | $101K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6057 | +0.285% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]