Funding you earn now, next payment 11:00 UTC−0.0368%/8h= −40.3% APRpaid last 24h −0.159%
Price spread now: 01 Exchange against BloFin−0.081%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and 01 Exchange is 0.081% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6049 | −0.0200 | get 0.0100% / 4h | 1h 56m | $637K | $236K | 20x |
| Short | 01 Exchange MORPHOUSD | 2.6028 | −0.0568 | pay 0.0071% / 1h | 56m 39s | $855 | $9K | 5x |
BloFin MORPHO-USDT
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$77.28
- Price spread: −0.081% → 0.000%
- −$8.06
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$104.34
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 52 min ago; 01 Exchange: 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, 52 min ago | 0.58 bp | 14.3 bp −$14 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1248% | 1h | 2.5962 | −0.334% | $53K | $55K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1053% | 1h | 2.6057 | +0.031% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0568% | 1h | 2.6028 | −0.081% | $855 | $9K | 5x | |
| Kraken Futures PF_MORPHOUSD | −0.0487% | 1h | 2.6058 | +0.034% | $81K | $130K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0314% | 4h | 2.6057 | +0.031% | $10K | $33K | 10x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.6049 | long leg | $637K | $236K | 20x | |
| Bybit MORPHOUSDT | −0.0191% | 4h | 2.6061 | +0.046% | $7.8M | $7.6M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0140% | 4h | 2.6047 | −0.006% | $39K | $114K | 10x | as long as short |
| Phoenix MORPHO | −0.0122% | 1h | 2.6066 | +0.065% | $33K | $287K | 5x | as long as short |
| Variational Omni MORPHO | −0.0121% | 4h | 2.6074 | +0.095% | $621K | $323K | — | as long as short |
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
Orderly PERP_MORPHO_USDC
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Phoenix MORPHO
Variational Omni MORPHOShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MORPHOUSDT | −0.0068% | 4h | 2.6096 | +0.180% | $57K | $51K | 20x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6042 | −0.028% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.463% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6127 | +0.299% | $313K | $245K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6042 | −0.028% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6106 | +0.219% | $6.0M | $6.6M | 5x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6051 | +0.008% | $15.6M | $22.3M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6052 | +0.012% | $3.1M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6069 | +0.077% | $763K | $455K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6050 | +0.004% | $6.5M | $956K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6085 | +0.138% | $582K | $254K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6047 | −0.008% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6060 | +0.042% | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.6069 | +0.077% | $25K | $1.2M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6049 | 0.000% | $21K | $5K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6043 | −0.023% | $107K | $378K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S −12.8912% | 1h | 2.6082 | +0.127% | $1K | — | 100x | as long as short |
Aster MORPHOUSDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]