Funding you earn now, next payment 19:00 UTC−0.0256%/8hnext payment −$0.32 per $10,000 · paid last 24h −0.271%
Price spread now: 01 Exchange against Coinbase International−0.280%7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and 01 Exchange is 0.280% cheaper against Coinbase International than usual: you would sell low and buy high (−$28 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 | Coinbase International MORPHO-PERP-INTX | 2.6815 | −0.0328 | get 0.0041% / 1h | 6m 55s | $77K | $46K | 25x |
| Short | 01 Exchange MORPHOUSD | 2.6740 | −0.0584 | pay 0.0073% / 1h | 6m 55s | $879 | $12K | 5x |
Coinbase International MORPHO-PERP-INTX
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$53.76
- Price spread: −0.280% → 0.000%
- −$27.97
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$98.73
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
Coinbase International and 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 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 | −0.1669% | 1h | 2.6744 | −0.266% | $84K | $151K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0944% | 1h | 2.6772 | −0.160% | $10K | $721 | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0584% | 1h | 2.6740 | −0.280% | $879 | $12K | 5x | |
| Coinbase International MORPHO-PERP-INTXlong | −0.0328% | 1h | 2.6815 | long leg | $77K | $46K | 25x | |
| Polymarket Perps MORPHO-USD | −0.0281% | 1h | 2.6781 | −0.127% | $28K | $2.0M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0212% | 4h | 2.6761 | −0.201% | $10K | $34K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6745 | −0.261% | $657K | $209K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0160% | 4h | 2.6781 | −0.127% | $772K | $533K | 50x | as long as short |
| Injective MORPHO/USDC PERP | −0.0114% | 1h | 2.6810 | −0.019% | $38 | $76K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0084% | 4h | 2.6785 | −0.112% | $41K | $150K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDT
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6794 | −0.080% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0030% | 1h | 2.6803 | −0.045% | $34K | $473K | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6828 | +0.050% | $319K | $356K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6767 | −0.179% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6769 | −0.173% | $58K | $32K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6756 | −0.220% | $16.4M | $26.7M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6791 | −0.090% | $8.8M | $10.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6790 | −0.093% | $3.2M | $4.6M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6759 | −0.209% | $5.1M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6786 | −0.108% | $602K | $276K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6782 | −0.123% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6778 | −0.138% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6805 | −0.038% | $650K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6775 | −0.149% | $22K | $2K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6758 | −0.212% | $101K | $303K | 10x | as long as short |
| Hyperliquid MORPHO | +0.0109% | 1h | 2.6827 | +0.045% | $6.4M | $7.1M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6793 | −0.081% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Phoenix MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]