Funding you earn now, next payment 06:00 UTC−0.1281%/8h= −140.3% APRpaid last 24h −0.289%
Price spread now: Deribit against KuCoin−0.062%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 −$38 a day on $10k at the current rate, and Deribit is 0.062% cheaper against KuCoin than usual: you would sell low and buy high (−$6 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 | KuCoin MORPHOUSDTM | 2.5829 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $593K | $246K | 50x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.5813 | −0.1181 | pay 0.0148% / 1h | 29m 41s | $11K | $2K | 10x |
KuCoin MORPHOUSDTM
Deribit MORPHO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- −$269.08
- Price spread: −0.062% → 0.000%
- −$6.19
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$294.27
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 29 min ago; Deribit: 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 KuCoin live order book, 29 min ago | 15.21 bp | 63.3 bp −$63 | 199.6 bp −$1,996 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 | −0.1565% | 1h | 2.5795 | −0.130% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALshort | −0.1181% | 1h | 2.5813 | −0.062% | $11K | $2K | 10x | |
| 01 Exchange MORPHOUSD | −0.0896% | 1h | 2.5758 | −0.275% | $846 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0410% | 4h | 2.5809 | −0.077% | $32K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5827 | −0.008% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0177% | 4h | 2.5763 | −0.256% | $633K | $240K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5858 | +0.112% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5820 | −0.035% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5810 | −0.073% | $15 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0009% | 1h | 2.5822 | −0.027% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.327% | $37 | $242K | 5.5x | as long as short |
| Extended MORPHO-USD | +0.0088% | 1h | 2.5801 | −0.107% | $103K | $343K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0088% | 4h | 2.5797 | −0.124% | $6.2M | $910K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0089% | 4h | 2.5805 | −0.093% | $15.6M | $24.0M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5862 | +0.128% | $311K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5825 | −0.014% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5851 | +0.085% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5804 | −0.098% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5826 | −0.012% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5835 | +0.023% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5822 | −0.027% | $756K | $495K | 50x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.5829 | long leg | $593K | $246K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5799 | −0.116% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5827 | −0.008% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5776 | −0.205% | $613K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5811 | −0.070% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0155% / S +0.0037% | 1h | 2.5846 | +0.066% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]