Funding you earn now, next payment 09:00 UTC+0.0237%/8h= +25.9% APRpaid last 24h +0.093%
Price spread now: Extended against BloFin−0.050%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$760.761% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.050%, 7d avg −0.025%
=Together, before fees−0.301%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.026% cheaper against BloFin than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.025%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.321%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.5838 | −0.0397 | get 0.0198% / 4h | 3h 44m | $629K | $239K | 20x |
| Short | Extended MORPHO-USD | 2.5825 | −0.0160 | pay 0.0020% / 1h | 44m 58s | $99K | $375K | 10x |
BloFin MORPHO-USDT
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $49.74
- Price spread: −0.050% → −0.025%
- −$2.56
- Slippage, 4 orders
- −$59.15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$28.97
- Costs to cover
- 0.761%
- Break-even
- 11.1 days
Slippage from BloFin: live order book, 32 min ago; Extended: live order book, 52 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 BloFin live order book, 32 min ago | 0.78 bp | 16.3 bp −$16 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell Extended live order book, 52 min ago | 2.71 bp | 22.3 bp −$22 | 299.3 bp −$2,993 | 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 | −0.2464% | 1h | 2.5802 | −0.139% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1219% | 1h | 2.5835 | −0.012% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0808% | 1h | 2.5825 | −0.050% | $849 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5856 | +0.070% | $70K | $37K | 25x | as long as short |
| BloFin MORPHO-USDTlong | −0.0397% | 4h | 2.5838 | long leg | $629K | $239K | 20x | |
| Variational Omni MORPHO | −0.0388% | 4h | 2.5861 | +0.088% | $616K | $526K | — | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0304% | 4h | 2.5838 | +0.002% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0287% | 4h | 2.5830 | −0.031% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0217% | 4h | 2.5850 | +0.048% | $54K | $49K | 20x | as long as short |
| Extended MORPHO-USDshort | −0.0160% | 1h | 2.5825 | −0.050% | $99K | $375K | 10x |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | −0.0160% | 4h | 2.5846 | +0.031% | $6.3M | $911K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0157% | 4h | 2.5840 | +0.007% | $15.5M | $23.8M | 75x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5882 | +0.170% | $33K | $308K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5845 | +0.028% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.291% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5907 | +0.265% | $312K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5858 | +0.076% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5882 | +0.172% | $6.0M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5867 | +0.112% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5863 | +0.097% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5862 | +0.093% | $761K | $484K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5873 | +0.135% | $588K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5851 | +0.050% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5859 | +0.081% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5876 | +0.147% | $25K | $1.3M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5840 | +0.008% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5870 | +0.122% | $1K | — | 100x | as long as short |
MEXC MORPHO_USDT
Binance MORPHOUSDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]