Funding you earn now, next payment 09:00 UTC+12.9376%/8h= +14166.6% APRpaid last 24h +17.615%
Price spread now: GMX against Variational Omni+0.007%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds 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: +$3,881 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.5782 | −0.0464 | get 0.0232% / 4h | 3h 56m | $615K | $526K | — |
| Short | GMX MORPHO/USD [ETH-USDC] | 2.5783 | L +0.0156% / S −12.8912% | get 1.6114% / 1h | 56m 11s | $1K | — | 100x |
Variational Omni MORPHO
GMX MORPHO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $27,168.9
- Price spread: +0.007% → 0.000%
- $0.73
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $27,157.63
- Costs to cover
- 0.120%
- Break-even
- 0.0 days
Slippage unknown: Variational Omni: RFQ quote, 48 min ago; GMX: 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 Variational Omni RFQ quote, 48 min ago | 4.65 bp | doesn't fit | 68.7 bp −$687 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | −0.2472% | 1h | 2.5720 | −0.238% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1300% | 1h | 2.5760 | −0.083% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1064% | 1h | 2.5731 | −0.196% | $846 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5627 | −0.599% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHOlong | −0.0464% | 4h | 2.5782 | long leg | $615K | $526K | — | |
| BloFin MORPHO-USDT | −0.0416% | 4h | 2.5778 | −0.014% | $635K | $238K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0338% | 4h | 2.5774 | −0.027% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0274% | 4h | 2.5747 | −0.134% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0192% | 4h | 2.5770 | −0.045% | $54K | $49K | 20x | as long as short |
| Phoenix MORPHO | −0.0185% | 1h | 2.5793 | +0.045% | $33K | $308K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDT
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MORPHO-USD | −0.0176% | 1h | 2.5747 | −0.134% | $99K | $375K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0175% | 4h | 2.5751 | −0.117% | $15.5M | $24.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0174% | 4h | 2.5756 | −0.099% | $6.3M | $909K | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5765 | −0.063% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.515% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5793 | +0.043% | $311K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5779 | −0.009% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5814 | +0.126% | $5.9M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5787 | +0.021% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5744 | −0.146% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5775 | −0.025% | $759K | $483K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5768 | −0.052% | $586K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5753 | −0.111% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5775 | −0.025% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5805 | +0.091% | $25K | $1.4M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5759 | −0.087% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC]short | L +0.0156% / S −12.8912% | 1h | 2.5783 | +0.007% | $1K | — | 100x |
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD