Funding you earn now, next payment 12:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.21 per $10,000 · paid last 24h −0.074%
Price spread now: BloFin against Variational Omni+0.009%101s7-day average −0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)+0.547%+$55 · spread now +0.009%, 7d avg −0.017%
=Together, before fees+0.650%+ Points / potential airdropVariational Omni: Active · farm board+$65 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.026% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.017%. The two prices were read 101 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 | Variational Omni MORPHO | 2.5776 | −0.0458 | get 0.0229% / 4h | 3h 55m | $614K | $526K | — |
| Short | BloFin MORPHO-USDT | 2.5778 | −0.0416 | pay 0.0208% / 4h | 3h 55m | $635K | $238K | 20x |
Variational Omni MORPHO
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $8.93
- Price spread: +0.009% → −0.017%
- $2.59
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$0.48
- Costs to cover
- 0.120%
- Break-even
- 7.4 days
Slippage unknown: Variational Omni: RFQ quote, 49 min ago; BloFin: live order book, 21 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, 49 min ago | 4.65 bp | doesn't fit | 68.7 bp −$687 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 21 min ago | 0.78 bp | 15.3 bp −$15 | 31.8 bp −$318 | doesn't fit | doesn't fit |
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 | −0.2472% | 1h | 2.5720 | −0.215% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1300% | 1h | 2.5760 | −0.061% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1024% | 1h | 2.5690 | −0.333% | $844 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5627 | −0.577% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHOlong | −0.0458% | 4h | 2.5776 | long leg | $614K | $526K | — | |
| BloFin MORPHO-USDTshort | −0.0416% | 4h | 2.5778 | +0.009% | $635K | $238K | 20x | |
| GRVT MORPHO_USDT_Perp | −0.0338% | 4h | 2.5774 | −0.005% | $30K | $123K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0326% | 4h | 2.5770 | −0.022% | $758K | $483K | 50x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0274% | 4h | 2.5747 | −0.112% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0192% | 4h | 2.5752 | −0.094% | $54K | $49K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
GRVT MORPHO_USDT_Perp
Gate MORPHO_USDT
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0185% | 1h | 2.5793 | +0.067% | $33K | $308K | 5x | as long as short |
| Extended MORPHO-USD | −0.0176% | 1h | 2.5712 | −0.247% | $99K | $375K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0174% | 4h | 2.5733 | −0.166% | $6.3M | $909K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0173% | 4h | 2.5728 | −0.185% | $15.5M | $24.0M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5746 | −0.117% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.538% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5761 | −0.056% | $311K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5714 | −0.240% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5787 | +0.044% | $5.9M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5747 | −0.112% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5741 | −0.135% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5764 | −0.046% | $586K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5740 | −0.139% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5751 | −0.096% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5767 | −0.034% | $25K | $1.4M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5759 | −0.065% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5765 | −0.041% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]