Funding you earn now, next payment 09:00 UTC+0.0814%/8h= +89.1% APRpaid last 24h +0.212%
Price spread now: BloFin against Deribit−0.035%57s7-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
Funding pays, the price is against you. BloFin is 0.035% cheaper against Deribit than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$24 a day). The two prices were read 57 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 | Deribit MORPHO_USDC-PERPETUAL | 2.5850 | −0.1218 | get 0.0152% / 1h | 47m 51s | $11K | $3K | 10x |
| Short | BloFin MORPHO-USDT | 2.5841 | −0.0404 | pay 0.0202% / 4h | 3h 47m | $630K | $239K | 20x |
Deribit MORPHO_USDC-PERPETUAL
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- $170.94
- Price spread: −0.035% → 0.000%
- −$3.48
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $148.46
- Costs to cover
- 0.190%
- Break-even
- 0.9 days
Slippage unknown: Deribit: no order-book sample; BloFin: live order book, 29 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 Deribit no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 29 min ago | 0.78 bp | 15.3 bp −$15 | 31.8 bp −$318 | doesn't fit | doesn't fit |
Deribit: 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 | −0.2465% | 1h | 2.5789 | −0.236% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALlong | −0.1218% | 1h | 2.5850 | long leg | $11K | $3K | 10x | |
| 01 Exchange MORPHOUSD | −0.0856% | 1h | 2.5828 | −0.085% | $849 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5689 | −0.623% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0439% | 4h | 2.5856 | +0.022% | $615K | $526K | — | as long as short |
| BloFin MORPHO-USDTshort | −0.0404% | 4h | 2.5841 | −0.035% | $630K | $239K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0284% | 4h | 2.5849 | −0.004% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0213% | 4h | 2.5848 | −0.008% | $54K | $49K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0206% | 4h | 2.5780 | −0.271% | $30K | $123K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0163% | 4h | 2.5844 | −0.023% | $15.5M | $23.9M | 75x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDT
GRVT MORPHO_USDT_Perp
Binance MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | −0.0162% | 4h | 2.5851 | +0.004% | $6.3M | $911K | 100x | as long as short |
| Extended MORPHO-USD | −0.0160% | 1h | 2.5843 | −0.028% | $99K | $375K | 10x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5835 | −0.058% | $33K | $308K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5855 | +0.020% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.244% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5915 | +0.250% | $312K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5846 | −0.015% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5899 | +0.190% | $6.0M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5864 | +0.054% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5865 | +0.058% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5861 | +0.043% | $760K | $484K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5873 | +0.089% | $588K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5843 | −0.027% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5861 | +0.043% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5885 | +0.135% | $25K | $1.4M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5848 | −0.008% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5880 | +0.115% | $1K | — | 100x | as long as short |
MEXC MORPHO_USDT
Extended MORPHO-USD
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]