Funding you earn now, next payment 04:00 UTC+0.0250%/8h= +27.4% APRnext payment +$1.25 per $10,000 · paid last 24h +0.065%
Price spread now: KuCoin against Orderly−0.095%7-day average — · you buy dearer than you sell
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
Funding pays, the price is against you. KuCoin is 0.095% cheaper against Orderly than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 30 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MORPHO_USDC | 2.6264 | −0.0150 | get 0.0075% / 4h | 2h 41m | $10K | $34K | 10x |
| Short | KuCoin MORPHOUSDTM | 2.6239 | 0.0100 | get 0.0050% / 4h | 2h 41m | $593K | $255K | 50x |
Orderly PERP_MORPHO_USDC
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Orderly. 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
- $52.61
- Price spread: −0.095% → 0.000%
- −$9.52
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $25.09
- Costs to cover
- 0.180%
- Break-even
- 3.7 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 71 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 71 min ago | 8.87 bp | 104.9 bp −$105 | 187.4 bp −$1,874 | doesn't fit | doesn't fit |
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 | −0.1908% | 1h | 2.6255 | −0.035% | $80K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0624% | 1h | 2.6280 | +0.061% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0576% | 1h | 2.6238 | −0.099% | $862 | $11K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0237% | 4h | 2.6347 | +0.316% | $643K | $238K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6381 | +0.445% | $76K | $42K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0191% | 1h | 2.6279 | +0.057% | $34K | $1.8M | 5x | as long as short |
| Orderly PERP_MORPHO_USDClong | −0.0150% | 4h | 2.6264 | long leg | $10K | $34K | 10x | |
| GRVT MORPHO_USDT_Perp | −0.0084% | 4h | 2.6312 | +0.181% | $32K | $142K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6277 | +0.048% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | +0.0028% | 4h | 2.6231 | −0.126% | $756K | $495K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
BloFin MORPHO-USDT
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Reya MORPHORUSDPERP
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | +0.0030% | 1h | 2.6363 | +0.377% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.632% | $37 | $242K | 5.5x | as long as short |
| Variational Omni MORPHO | +0.0082% | 4h | 2.6341 | +0.293% | $627K | $924K | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6414 | +0.570% | $316K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6266 | +0.008% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6261 | −0.011% | $6.2M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6262 | −0.008% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6213 | −0.195% | $15.8M | $25.2M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6225 | −0.148% | $8.3M | $9.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6218 | −0.175% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6218 | −0.175% | $5.5M | $879K | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6239 | −0.095% | $593K | $255K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6233 | −0.118% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6224 | −0.152% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6280 | +0.061% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6215 | −0.187% | $101K | $358K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6290 | +0.100% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Injective MORPHO/USDC PERP
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]