Funding you earn now, next payment 01:00 UTC−0.0524%/8h= −57.4% APRpaid last 24h −0.193%
Price spread now: 01 Exchange against MEXC+0.053%56s7-day average — · you sell dearer than you buy
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
The price spread pays, funding is against you. 01 Exchange is 0.053% dearer against MEXC than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8 hours. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6541 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $5.5M | $903K | 100x |
| Short | 01 Exchange MORPHOUSD | 2.6555 | −0.0424 | pay 0.0053% / 1h | 30m 42s | $873 | $13K | 5x |
MEXC MORPHO_USDT
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$110.04
- Price spread: +0.053% → 0.000%
- $5.27
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$115.77
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 0.57 bp | 6.5 bp −$6 | 36.1 bp −$361 | 196.1 bp −$19.6K | 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 | −0.1831% | 1h | 2.6543 | +0.008% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0841% | 1h | 2.6542 | +0.004% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0424% | 1h | 2.6555 | +0.053% | $873 | $13K | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6574 | +0.124% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6537 | −0.015% | $640K | $234K | 20x | as long as short |
| Variational Omni MORPHO | −0.0174% | 4h | 2.6546 | +0.018% | $632K | $1.0M | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0143% | 4h | 2.6542 | +0.004% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0089% | 1h | 2.6559 | +0.068% | $27K | $1.7M | 5x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6532 | −0.034% | $43K | $474K | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0029% | 4h | 2.6560 | +0.072% | $8.4M | $9.2M | 25x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Variational Omni MORPHO
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
Phoenix MORPHO
Bybit MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6545 | +0.017% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.418% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0064% | 4h | 2.6570 | +0.109% | $769K | $517K | 50x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0076% | 4h | 2.6502 | −0.147% | $41K | $133K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6593 | +0.197% | $318K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6535 | −0.024% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6585 | +0.166% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6539 | −0.008% | $16.1M | $25.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6562 | +0.079% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDTlong | +0.0100% | 4h | 2.6541 | long leg | $5.5M | $903K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6581 | +0.151% | $595K | $265K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6551 | +0.038% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6559 | +0.068% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6540 | −0.004% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6537 | −0.015% | $104K | $425K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6559 | +0.069% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0375% | 1h | 2.6612 | +0.268% | $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