Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.075%
Price spread now: Extended against Gate−0.079%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1351.347% of the position
Funding, last 7 days+0.218%+$22 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.079%, 7d avg −0.021%
=Together, before fees+0.354%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.058% cheaper against Gate than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.021%). If the spread goes back, that is −$6 on $10k: about 39 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6016 | −0.0016 | get 0.0008% / 4h | 48m 10s | $757K | $480K | 50x |
| Short | Extended MORPHO-USD | 2.5995 | 0.0104 | get 0.0013% / 1h | 48m 10s | $100K | $348K | 10x |
Gate MORPHO_USDT
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Gate. 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
- $25.2
- Price spread: −0.079% → −0.021%
- −$5.82
- Slippage, 4 orders
- −$114.68
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$115.3
- Costs to cover
- 1.347%
- Break-even
- 39.0 days
Slippage from Gate: live order book, 8 min ago; Extended: live order book, 9 min ago.
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 Gate live order book, 8 min ago | 6.88 bp | 46.7 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 9 min ago | 1.92 bp | 21.2 bp −$21 | 252.4 bp −$2,524 | doesn't fit | doesn't fit |
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 | 2.5957 | −0.227% | $81K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1440% | 1h | 2.5996 | −0.077% | $11K | $759 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0920% | 1h | 2.5949 | −0.258% | $853 | $9K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0302% | 1h | 2.6020 | +0.015% | $25K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0230% | 4h | 2.6115 | +0.380% | $34K | $150K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6172 | +0.600% | $75K | $42K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5993 | −0.088% | $635K | $238K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0154% | 4h | 2.6015 | −0.004% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDTlong | −0.0016% | 4h | 2.6016 | long leg | $757K | $480K | 50x | |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6009 | −0.027% | $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
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | 0.0000% | 1h | 2.6144 | +0.492% | $43K | $370K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.591% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6029 | +0.049% | $312K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5995 | −0.081% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6049 | +0.127% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6051 | +0.134% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5993 | −0.088% | $15.7M | $25.3M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6013 | −0.012% | $8.2M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6017 | +0.004% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6000 | −0.062% | $5.8M | $799K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6031 | +0.058% | $591K | $250K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6005 | −0.042% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6016 | 0.000% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6035 | +0.075% | $622K | $843K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6001 | −0.058% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USDshort | +0.0104% | 1h | 2.5995 | −0.079% | $100K | $348K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6037 | +0.082% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
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
GMX MORPHO/USD [ETH-USDC]