Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%
Price spread now: KuCoin against Hyperliquid−0.178%7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1721.722% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.092%−$9 · spread now −0.178%, 7d avg −0.103%
=Together, before fees−0.137%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.075% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MORPHO | 2.5828 | 0.0100 | pay 0.0013% / 1h | 54m 06s | $5.9M | $7.0M | 5x |
| Short | KuCoin MORPHOUSDTM | 2.5782 | 0.0100 | get 0.0050% / 4h | 3h 54m | $586K | $264K | 50x |
Hyperliquid MORPHO
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Hyperliquid. 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
- $0
- Price spread: −0.178% → −0.103%
- −$7.49
- Slippage, 4 orders
- −$151.19
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$179.68
- Costs to cover
- 1.722%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 40 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 Hyperliquid live order book, 8 min ago | 0.19 bp | 12.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 40 min ago | 10.65 bp | 95.1 bp −$95 | 170.6 bp −$1,706 | 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 | −0.2470% | 1h | 2.5732 | −0.370% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1183% | 1h | 2.5775 | −0.205% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0984% | 1h | 2.5742 | −0.333% | $846 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5579 | −0.964% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0458% | 4h | 2.5776 | −0.202% | $614K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0413% | 4h | 2.5739 | −0.345% | $635K | $238K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0338% | 4h | 2.5774 | −0.207% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0275% | 4h | 2.5762 | −0.256% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0198% | 4h | 2.5770 | −0.225% | $54K | $49K | 20x | as long as short |
| Phoenix MORPHO | −0.0185% | 1h | 2.5793 | −0.136% | $33K | $308K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDT
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MORPHO-USD | −0.0176% | 1h | 2.5769 | −0.229% | $99K | $375K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0173% | 4h | 2.5776 | −0.201% | $15.5M | $24.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0172% | 4h | 2.5773 | −0.213% | $6.3M | $909K | 100x | as long as short |
| Gate MORPHO_USDT | −0.0050% | 4h | 2.5778 | −0.194% | $759K | $483K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5790 | −0.146% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.331% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5812 | −0.062% | $311K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5779 | −0.190% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHOlong | +0.0100% | 1h | 2.5828 | long leg | $5.9M | $7.0M | 5x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5796 | −0.124% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5782 | −0.178% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.5782 | −0.178% | $586K | $264K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5787 | −0.159% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5785 | −0.166% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5823 | −0.019% | $25K | $1.4M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5783 | −0.174% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5809 | −0.073% | $1K | — | 100x | as long as short |
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Gate MORPHO_USDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]