Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.013%
Price spread now: Binance against Variational Omni+0.056%7-day average −0.034% · 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)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)−0.518%−$52 · spread now +0.056%, 7d avg −0.034%
=Together, before fees−0.505%+ Points / potential airdropVariational Omni: Active · farm board−$50 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.090% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.6221 | 0.0092 | pay 0.0046% / 4h | 2h 28m | $625K | $913K | — |
| Short | Binance MORPHOUSDT | 2.6236 | 0.0100 | get 0.0050% / 4h | 2h 28m | $15.8M | $25.1M | 75x |
Variational Omni MORPHO
Binance MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Variational Omni. 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
- $1.75
- Price spread: +0.056% → −0.034%
- $8.98
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $0.72
- Costs to cover
- 0.100%
- Break-even
- 4.1 days
Slippage unknown: Variational Omni: RFQ quote, 46 min ago; Binance: live order book, 13 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 Variational Omni RFQ quote, 46 min ago | 4.60 bp | doesn't fit | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.76 bp | 16.8 bp −$17 | 39.2 bp −$392 | doesn't fit | doesn't fit |
MORPHO on 26 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 | −0.1911% | 1h | 2.6213 | −0.032% | $80K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0480% | 1h | 2.6230 | +0.035% | $862 | $10K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0473% | 1h | 2.6265 | +0.168% | $11K | $785 | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6299 | +0.298% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0152% | 4h | 2.6247 | +0.099% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0120% | 1h | 2.6240 | +0.073% | $25K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0048% | 4h | 2.6229 | +0.031% | $32K | $142K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6248 | +0.102% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0030% | 1h | 2.6267 | +0.176% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.797% | $37 | $242K | 5.5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Reya MORPHORUSDPERP
Phoenix MORPHO
Injective MORPHO/USDC PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MORPHOlong | +0.0092% | 4h | 2.6221 | long leg | $625K | $913K | — | |
| Gate MORPHO_USDT | +0.0092% | 4h | 2.6240 | +0.073% | $765K | $505K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6259 | +0.144% | $315K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6245 | +0.091% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6278 | +0.218% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6241 | +0.078% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDTshort | +0.0100% | 4h | 2.6236 | +0.056% | $15.8M | $25.1M | 75x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6264 | +0.164% | $8.3M | $9.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6275 | +0.206% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6237 | +0.061% | $5.5M | $886K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6247 | +0.099% | $596K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6264 | +0.164% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6266 | +0.172% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6251 | +0.115% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6237 | +0.060% | $101K | $355K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6265 | +0.169% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]