MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0300%/8h= +32.9% APRnext payment +$1.50 per $10,000 · paid last 24h +0.060%

Price spread now: Variational Omni against BloFin+0.094%56s7-day average +0.013% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.117%−$12 on $10k

Price spread, last 3 days (all we have)−0.051%−$5 · spread now +0.094%, 7d avg +0.013%

Together, before fees−0.168%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Variational Omni is 0.082% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 3 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MORPHO-USDT	2.6584	−0.0200	get 0.0100% / 4h	2h 22m	$647K	$222K	20x
Short	Variational Omni MORPHO	2.6609	0.0100	get 0.0050% / 4h	2h 22m	$644K	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.094%Rate

Funding earned: $63
Price spread: +0.094% → +0.013%: $8.17
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $59.17
Costs to cover: 0.120%
Break-even: 0.4 days

Slippage unknown: BloFin: live order book, 64 min ago; Variational Omni: RFQ quote, 2 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 BloFin live order book, 64 min ago	3.34 bp	19.7 bp −$20	33.8 bp −$338	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.49 bp	doesn't fit	90.2 bp −$902	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	−0.2050%	1h	2.6584	+0.001%	$83K	$148K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1214%	1h	2.6593	+0.034%	$11K	$911	10x	as long as short
01 Exchange MORPHOUSD	−0.0848%	1h	2.6583	−0.004%	$874	$12K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0393%	1h	2.6618	+0.128%	$26K	$1.8M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0390%	4h	2.6543	−0.154%	$29K	$154K	10x	as long as short
Injective MORPHO/USDC PERP	−0.0385%	1h	2.6460	−0.466%	$37	$161K	5.5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0296%	1h	2.6617	+0.124%	$77K	$46K	25x	as long as short
BloFin MORPHO-USDTlong	−0.0200%	4h	2.6584	long leg	$647K	$222K	20x
Orderly PERP_MORPHO_USDC	−0.0170%	4h	2.6617	+0.124%	$10K	$34K	10x	as long as short
Gate MORPHO_USDT	−0.0068%	4h	2.6606	+0.083%	$763K	$523K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MORPHOUSDT	−0.0056%	4h	2.6623	+0.147%	$8.7M	$10.1M	25x	as long as short
Phoenix MORPHO	−0.0030%	1h	2.6606	+0.083%	$34K	$493K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6622	+0.144%	$16	—	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6633	+0.186%	$317K	$336K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6601	+0.063%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6660	+0.286%	$6.3M	$7.2M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6615	+0.116%	$58K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6614	+0.113%	$16.3M	$26.8M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6641	+0.214%	$3.2M	$4.5M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6609	+0.094%	$5.5M	$1.2M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6638	+0.203%	$624K	$271K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6624	+0.150%	$2.9M	$2.0M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6641	+0.214%	—	$1.5M	—	as long as short
Variational Omni MORPHOshort	+0.0100%	4h	2.6609	+0.094%	$644K	$1.4M	—
SoDEX MORPHO-USD	+0.0100%	1h	2.6586	+0.008%	$22K	$3K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6585	+0.003%	$103K	$301K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0188% / S −12.8197%	1h	2.6644	+0.226%	$1K	—	100x	as long as short