Funding you earn now, next payment 23:00 UTC−0.0905%/8h= −99.2% APRpaid last 24h −0.202%
Price spread now: Deribit against BloFin+0.091%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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. Deribit is 0.091% dearer against BloFin than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$27 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 | BloFin MORPHO-USDT | 2.6434 | −0.0203 | get 0.0102% / 4h | 1h 20m | $641K | $244K | 20x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.6458 | −0.1109 | pay 0.0139% / 1h | 20m 36s | $11K | $812 | 10x |
BloFin MORPHO-USDT
Deribit MORPHO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BloFin. 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
- −$190.15
- Price spread: +0.091% → 0.000%
- $9.08
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$200.07
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 61 min ago; Deribit: no order-book sample. 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 BloFin live order book, 61 min ago | 0.56 bp | 13.5 bp −$13 | 27.9 bp −$279 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.1859% | 1h | 2.6401 | −0.126% | $82K | $149K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1176% | 1h | 2.6392 | −0.159% | $867 | $13K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUALshort | −0.1109% | 1h | 2.6458 | +0.091% | $11K | $812 | 10x | |
| Polymarket Perps MORPHO-USD | −0.0696% | 1h | 2.6431 | −0.011% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0600% | 4h | 2.6391 | −0.163% | $29K | $146K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0472% | 4h | 2.6447 | +0.049% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.015% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6413 | −0.079% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDTlong | −0.0203% | 4h | 2.6434 | long leg | $641K | $244K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6451 | +0.064% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0142% | 4h | 2.6439 | +0.019% | $768K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6403 | −0.117% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0077% | 4h | 2.6372 | −0.236% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6431 | −0.012% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0036% | 4h | 2.6437 | +0.011% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0040% | 4h | 2.6427 | −0.025% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0040% | 1h | 2.6423 | −0.042% | $102K | $301K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6478 | +0.168% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6451 | +0.062% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6501 | +0.253% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6444 | +0.036% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6437 | +0.011% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6448 | +0.053% | $591K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6463 | +0.110% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6444 | +0.038% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6451 | +0.064% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6471 | +0.140% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]