MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.34 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.174%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1801.800% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.295%−$29 · spread now +0.174%, 7d avg +0.062%

Together, before fees−0.287%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.112% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MORPHOUSDT	2.6406	0.0033	pay 0.0016% / 4h	1h 13m	$16.1M	$25.8M	75x
Short	KuCoin MORPHOUSDTM	2.6452	0.0100	get 0.0050% / 4h	1h 13m	$591K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.174%Rate

Funding earned: $14.12
Price spread: +0.174% → +0.062%: $11.21
Slippage, 4 orders: −$158.04
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$154.71
Costs to cover: 1.800%
Break-even: 83.7 days

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 60 min ago.

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 Binance live order book, 13 min ago	1.33 bp	15.8 bp −$16	39.8 bp −$398	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 min ago	9.24 bp	89.6 bp −$90	173.1 bp −$1,731	doesn't fit	doesn't fit

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	−0.1858%	1h	2.6415	+0.033%	$81K	$151K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1300%	1h	2.6415	+0.033%	$11K	$812	10x	as long as short
01 Exchange MORPHOUSD	−0.1168%	1h	2.6350	−0.213%	$866	$13K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0703%	1h	2.6413	+0.026%	$24K	$1.7M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0564%	4h	2.6426	+0.076%	$29K	$134K	10x	as long as short
Bybit MORPHOUSDT	−0.0468%	4h	2.6423	+0.064%	$8.5M	$9.3M	25x	as long as short
Injective MORPHO/USDC PERP	−0.0337%	1h	2.6430	+0.090%	$37	$242K	5.5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0312%	1h	2.6469	+0.238%	$76K	$43K	25x	as long as short
BloFin MORPHO-USDT	−0.0202%	4h	2.6435	+0.109%	$639K	$247K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0147%	4h	2.6408	+0.007%	$10K	$34K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDT	−0.0136%	4h	2.6416	+0.037%	$767K	$533K	50x	as long as short
Phoenix MORPHO	−0.0090%	1h	2.6439	+0.124%	$43K	$484K	5x	as long as short
Variational Omni MORPHO	−0.0062%	4h	2.6437	+0.116%	$629K	$1.2M	—	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6418	+0.043%	$16	—	10x	as long as short
Extended MORPHO-USD	+0.0032%	1h	2.6407	+0.004%	$103K	$301K	10x	as long as short
MEXC MORPHO_USDT	+0.0032%	4h	2.6407	+0.003%	$5.4M	$1.1M	100x	as long as short
Binance MORPHOUSDTlong	+0.0033%	4h	2.6406	long leg	$16.1M	$25.8M	75x
Lighter MORPHO	+0.0096%	1h	2.6453	+0.176%	$315K	$334K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6409	+0.010%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6482	+0.287%	$6.2M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6418	+0.045%	$58K	$31K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6430	+0.090%	$3.2M	$4.4M	20x	as long as short
KuCoin MORPHOUSDTMshort	+0.0100%	4h	2.6452	+0.174%	$591K	$269K	50x
Bitget MORPHOUSDT	+0.0100%	4h	2.6418	+0.045%	$2.9M	$1.9M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6421	+0.056%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6419	+0.049%	$22K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0188% / S −0.3377%	1h	2.6445	+0.149%	$1K	—	100x	as long as short