Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.106%
Price spread now: BloFin against Coinbase International−0.481%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BloFin is 0.481% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.481% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.194% in total) that is about 17 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International MORPHO-PERP-INTX | 2.6172 | −0.0224 | get 0.0028% / 1h | 40m 43s | $75K | $42K | 25x |
| Short | BloFin MORPHO-USDT | 2.6046 | −0.0200 | pay 0.0100% / 4h | 40m 43s | $635K | $239K | 20x |
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- $5.04
- Price spread: −0.481% → 0.000%
- −$48.14
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$65.1
- Costs to cover
- 0.220%
- Break-even
- 97.4 days
Slippage unknown: Coinbase International: no order-book sample; BloFin: live order book, 61 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 61 min ago | 0.19 bp | 16.0 bp −$16 | 32.7 bp −$327 | doesn't fit | doesn't fit |
Coinbase International: 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 | −0.1665% | 1h | 2.6021 | −0.576% | $81K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1169% | 1h | 2.6043 | −0.493% | $11K | $759 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1032% | 1h | 2.6021 | −0.577% | $855 | $9K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0298% | 1h | 2.6048 | −0.474% | $25K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0268% | 4h | 2.6005 | −0.637% | $34K | $150K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTXlong | −0.0224% | 1h | 2.6172 | long leg | $75K | $42K | 25x | |
| BloFin MORPHO-USDTshort | −0.0200% | 4h | 2.6046 | −0.481% | $635K | $239K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0153% | 4h | 2.6045 | −0.485% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0006% | 4h | 2.6084 | −0.336% | $763K | $482K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6028 | −0.551% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Gate MORPHO_USDT
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | 0.0000% | 1h | 2.6059 | −0.432% | $43K | $370K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.986% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | +0.0080% | 4h | 2.6080 | −0.352% | $8.2M | $9.2M | 25x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6101 | −0.273% | $313K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6070 | −0.389% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6124 | −0.183% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6081 | −0.348% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6077 | −0.363% | $15.7M | $25.2M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6105 | −0.256% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6073 | −0.378% | $5.9M | $809K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6090 | −0.313% | $594K | $251K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6078 | −0.359% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6084 | −0.336% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6055 | −0.446% | $621K | $829K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6039 | −0.508% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6072 | −0.383% | $100K | $350K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6067 | −0.400% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]