Funding you earn now, next payment 04:00 UTC−0.0243%/8h= −26.6% APRnext payment −$1.21 per $10,000 · paid last 24h −0.063%
Price spread now: Orderly against MEXC+0.004%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6483 | 0.0100 | pay 0.0050% / 4h | 3h 35m | $5.5M | $903K | 100x |
| Short | Orderly PERP_MORPHO_USDC | 2.6484 | −0.0143 | pay 0.0071% / 4h | 3h 35m | $10K | $34K | 10x |
MEXC MORPHO_USDT
Orderly PERP_MORPHO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against MEXC. 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
- −$51.01
- Price spread: +0.004% → 0.000%
- $0.38
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$60.64
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 2 min ago; Orderly: 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 MEXC live order book, 2 min ago | 3.39 bp | 7.5 bp −$7 | 26.9 bp −$269 | 169.9 bp −$17.0K | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1836% | 1h | 2.6480 | −0.012% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0919% | 1h | 2.6496 | +0.049% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0432% | 1h | 2.6475 | −0.030% | $870 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6488 | +0.019% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6486 | +0.011% | $638K | $229K | 20x | as long as short |
| Variational Omni MORPHO | −0.0192% | 4h | 2.6501 | +0.068% | $630K | $1.0M | — | as long as short |
| Orderly PERP_MORPHO_USDCshort | −0.0143% | 4h | 2.6484 | +0.004% | $10K | $34K | 10x | |
| Polymarket Perps MORPHO-USD | −0.0110% | 1h | 2.6489 | +0.023% | $28K | $1.7M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0069% | 4h | 2.6510 | +0.102% | $8.4M | $9.2M | 25x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6538 | +0.208% | $43K | $474K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Variational Omni MORPHO
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6489 | +0.023% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.200% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0060% | 4h | 2.6502 | +0.072% | $768K | $516K | 50x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0064% | 4h | 2.6465 | −0.070% | $41K | $133K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6536 | +0.201% | $318K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6489 | +0.021% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6500 | +0.066% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6488 | +0.019% | $16.0M | $25.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6497 | +0.053% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDTlong | +0.0100% | 4h | 2.6483 | long leg | $5.5M | $903K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6515 | +0.121% | $593K | $265K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6496 | +0.049% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6500 | +0.064% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6495 | +0.045% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6482 | −0.005% | $102K | $448K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6506 | +0.089% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0386% | 1h | 2.6557 | +0.279% | $6.3M | $7.0M | 5x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
GRVT MORPHO_USDT_Perp
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO