Funding you earn now, next payment 05:00 UTC+0.1425%/8h= +156.1% APRpaid last 24h +0.283%
Price spread now: KuCoin against Deribit+0.089%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$43 a day on $10k at the current rate, and KuCoin is 0.089% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.5988 | −0.1325 | get 0.0166% / 1h | 24m 30s | $11K | $2K | 10x |
| Short | KuCoin MORPHOUSDTM | 2.6011 | 0.0100 | get 0.0050% / 4h | 3h 24m | $597K | $250K | 50x |
Deribit MORPHO_USDC-PERPETUAL
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $299.29
- Price spread: +0.089% → 0.000%
- $8.85
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $289.14
- Costs to cover
- 0.190%
- Break-even
- 0.2 days
Slippage unknown: Deribit: no order-book sample; KuCoin: live order book, 49 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 KuCoin live order book, 49 min ago | 10.52 bp | 105.3 bp −$105 | 170.8 bp −$1,708 | 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 | −0.2171% | 1h | 2.5999 | +0.042% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALlong | −0.1325% | 1h | 2.5988 | long leg | $11K | $2K | 10x | |
| 01 Exchange MORPHOUSD | −0.0952% | 1h | 2.5932 | −0.215% | $852 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0490% | 4h | 2.5997 | +0.036% | $34K | $140K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0234% | 4h | 2.5990 | +0.008% | $8.0M | $8.5M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6099 | +0.427% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5985 | −0.012% | $634K | $241K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0188% | 1h | 2.5999 | +0.042% | $24K | $1.5M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0136% | 4h | 2.5994 | +0.023% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6028 | +0.154% | $43K | $337K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5975 | −0.050% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.701% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6017 | +0.112% | $312K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5968 | −0.077% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6034 | +0.177% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6026 | +0.146% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5980 | −0.033% | $15.7M | $24.0M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6009 | +0.081% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5988 | 0.000% | $761K | $471K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5976 | −0.046% | $6.0M | $836K | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6011 | +0.089% | $597K | $250K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5982 | −0.023% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5989 | +0.004% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6000 | +0.047% | $620K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5990 | +0.008% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5969 | −0.075% | $100K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6020 | +0.122% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]