Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%
Price spread now: Variational Omni against Binance−0.194%7-day average +0.031% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.194%, 7d avg +0.031%
=Together, before fees−0.039%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.225% cheaper against Binance than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.5931 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $15.7M | $24.2M | 75x |
| Short | Variational Omni MORPHO | 2.5880 | 0.0100 | get 0.0050% / 4h | 2h 18m | $615K | $677K | — |
Binance MORPHOUSDT
Variational Omni MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Binance. 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
- $0
- Price spread: −0.194% → +0.031%
- −$22.48
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$32.48
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 7 min ago; Variational Omni: RFQ quote, 35 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 Binance live order book, 7 min ago | 0.19 bp | 12.2 bp −$12 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 35 min ago | 6.58 bp | doesn't fit | 69.3 bp −$693 | 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 | −0.1559% | 1h | 2.5896 | −0.134% | $80K | $127K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1291% | 1h | 2.5921 | −0.038% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0832% | 1h | 2.5891 | −0.153% | $851 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0340% | 4h | 2.5827 | −0.401% | $32K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5920 | −0.042% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5903 | −0.107% | $631K | $239K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5939 | +0.032% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0128% | 4h | 2.5924 | −0.026% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5919 | −0.045% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0027% | 1h | 2.5926 | −0.018% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow 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 | +1.925% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5925 | −0.022% | $312K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5928 | −0.009% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5966 | +0.136% | $5.9M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5937 | +0.025% | $57K | $31K | 20x | as long as short |
| Binance MORPHOUSDTlong | +0.0100% | 4h | 2.5931 | long leg | $15.7M | $24.2M | 75x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5960 | +0.113% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5956 | +0.097% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5923 | −0.030% | $757K | $497K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5917 | −0.053% | $6.2M | $911K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5950 | +0.074% | $597K | $246K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5943 | +0.047% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5942 | +0.043% | — | $1.4M | — | as long as short |
| Variational Omni MORPHOshort | +0.0100% | 4h | 2.5880 | −0.194% | $615K | $677K | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5911 | −0.076% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5924 | −0.028% | $100K | $347K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0146% / S +0.0040% | 1h | 2.5947 | +0.064% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]