MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0400%/8h= +43.8% APRnext payment +$0.50 per $10,000 · paid last 24h +0.211%

Price spread now: Coinbase International against 01 Exchange−0.691%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Coinbase International

What this pair did over the last

the charts below follow

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—needs both histories

Funding pays, the price is against you. Coinbase International is 0.691% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.691% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$69 on $10k: about 5.8 days of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MORPHOUSD	2.5757	−0.0952	get 0.0119% / 1h	53m 29s	$846	$9K	5x
Short	Coinbase International MORPHO-PERP-INTX	2.5579	−0.0552	pay 0.0069% / 1h	53m 29s	$70K	$37K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against 01 Exchange. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee Coinbase InternationalbpOrdersPrice spread, now −0.691%Rate

Funding earned: $84
Price spread: −0.691% → 0.000%: −$69.11
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$2.11
Costs to cover: 0.170%
Break-even: 7.2 days

Slippage unknown: 01 Exchange: no order-book sample; Coinbase International: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

01 Exchange and Coinbase International: 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	−0.2470%	1h	2.5732	−0.096%	$84K	$134K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1183%	1h	2.5775	+0.070%	$11K	$3K	10x	as long as short
01 Exchange MORPHOUSDlong	−0.0952%	1h	2.5757	long leg	$846	$9K	5x
Coinbase International MORPHO-PERP-INTXshort	−0.0552%	1h	2.5579	−0.691%	$70K	$37K	25x
Variational Omni MORPHO	−0.0458%	4h	2.5776	+0.073%	$614K	$526K	—	as long as short
BloFin MORPHO-USDT	−0.0413%	4h	2.5739	−0.070%	$635K	$238K	20x	as long as short
GRVT MORPHO_USDT_Perp	−0.0380%	4h	2.5752	−0.019%	$30K	$123K	10x	as long as short
Orderly PERP_MORPHO_USDC	−0.0275%	4h	2.5762	+0.019%	$10K	$34K	10x	as long as short
Aster MORPHOUSDT	−0.0198%	4h	2.5770	+0.052%	$54K	$49K	20x	as long as short
Extended MORPHO-USD	−0.0176%	1h	2.5769	+0.046%	$99K	$375K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MORPHO_USDT	−0.0172%	4h	2.5778	+0.082%	$6.3M	$909K	100x	as long as short
Binance MORPHOUSDT	−0.0171%	4h	2.5782	+0.097%	$15.5M	$24.0M	75x	as long as short
Phoenix MORPHO	−0.0155%	1h	2.5793	+0.140%	$33K	$308K	5x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.5794	+0.143%	$15	—	10x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+2.613%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0042%	4h	2.5789	+0.124%	$759K	$483K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.5814	+0.223%	$311K	$283K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.5783	+0.100%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.5836	+0.307%	$5.9M	$7.0M	5x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.5796	+0.151%	$7.8M	$8.4M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.5796	+0.151%	$3.2M	$4.1M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.5792	+0.136%	$586K	$264K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.5795	+0.148%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5786	+0.113%	—	$1.4M	—	as long as short
Polymarket Perps MORPHO-USD	+0.0100%	1h	2.5823	+0.256%	$25K	$1.4M	5x	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.5783	+0.101%	$21K	$5K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0156% / S −12.8912%	1h	2.5809	+0.202%	$1K	—	100x	as long as short