Funding you earn now, next payment 23:00 UTC−0.1252%/8h= −137.1% APRpaid last 24h −0.186%
Price spread now: 01 Exchange against KuCoin−0.400%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 01 Exchange is 0.400% cheaper against KuCoin than usual: you would sell low and buy high (−$40 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 | 2.6470 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $619K | $266K | 50x |
| Short | 01 Exchange MORPHOUSD | 2.6364 | −0.1152 | pay 0.0144% / 1h | 49m 20s | $866 | $13K | 5x |
KuCoin MORPHOUSDTM
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$262.92
- Price spread: −0.400% → 0.000%
- −$40.05
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$321.97
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 24 min ago; 01 Exchange: 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, 24 min ago | 9.24 bp | 61.4 bp −$61 | 176.1 bp −$1,761 | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 | −0.1856% | 1h | 2.6437 | −0.125% | $82K | $149K | 20x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.1152% | 1h | 2.6364 | −0.400% | $866 | $13K | 5x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.1148% | 1h | 2.6437 | −0.125% | $11K | $911 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0615% | 1h | 2.6423 | −0.178% | $26K | $1.8M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0602% | 4h | 2.6433 | −0.140% | $8.5M | $9.6M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0552% | 4h | 2.6442 | −0.106% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.151% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6617 | +0.555% | $77K | $44K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6410 | −0.227% | $643K | $244K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0196% | 4h | 2.6466 | −0.015% | $771K | $530K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0160% | 4h | 2.6434 | −0.136% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6500 | +0.113% | $34K | $484K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6434 | −0.135% | $16 | — | 10x | as long as short |
| Variational Omni MORPHO | +0.0025% | 4h | 2.6458 | −0.046% | $629K | $1.2M | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6480 | +0.038% | $315K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6400 | −0.264% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6477 | +0.026% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6450 | −0.076% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6430 | −0.151% | $16.1M | $26.1M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6451 | −0.072% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6408 | −0.234% | $5.5M | $1.0M | 100x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.6470 | long leg | $619K | $266K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6464 | −0.023% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6439 | −0.117% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6435 | −0.132% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6424 | −0.175% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6462 | −0.029% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]