Funding you earn now, next payment 00:00 UTC+0.0947%/8h= +103.7% APRnext payment +$1.18 per $10,000 · paid last 24h +0.219%
Price spread now: Hyperliquid against 01 Exchange+0.434%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Hyperliquid is 0.434% dearer against 01 Exchange than usual: you sell high and buy low: +$43 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.6490 | −0.0840 | get 0.0105% / 1h | 8m 04s | $870 | $12K | 5x |
| Short | Hyperliquid MORPHO | 2.6605 | 0.0107 | get 0.0013% / 1h | 8m 04s | $6.3M | $7.0M | 5x |
01 Exchange MORPHOUSD
Hyperliquid MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against 01 Exchange. 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
- $198.97
- Price spread: +0.434% → 0.000%
- $43.41
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $226.38
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 4 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 1.69 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
01 Exchange: 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 | −0.1755% | 1h | 2.6493 | +0.011% | $81K | $143K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0955% | 1h | 2.6535 | +0.170% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0840% | 1h | 2.6490 | long leg | $870 | $12K | 5x | |
| Polymarket Perps MORPHO-USD | −0.0455% | 1h | 2.6533 | +0.162% | $28K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0452% | 4h | 2.6494 | +0.015% | $41K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.227% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6546 | +0.211% | $76K | $43K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0334% | 4h | 2.6523 | +0.125% | $8.4M | $9.3M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0185% | 4h | 2.6556 | +0.249% | $639K | $253K | 20x | as long as short |
| Variational Omni MORPHO | −0.0167% | 4h | 2.6481 | −0.033% | $630K | $1.0M | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6528 | +0.143% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6531 | +0.155% | $43K | $477K | 5x | as long as short |
| Gate MORPHO_USDT | −0.0056% | 4h | 2.6538 | +0.181% | $770K | $533K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6531 | +0.155% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0054% | 4h | 2.6529 | +0.147% | $5.5M | $961K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0056% | 4h | 2.6530 | +0.150% | $16.1M | $26.0M | 75x | as long as short |
| Extended MORPHO-USD | +0.0056% | 1h | 2.6525 | +0.131% | $103K | $298K | 10x | as long as short |
| Aster MORPHOUSDT | +0.0079% | 4h | 2.6533 | +0.164% | $58K | $30K | 20x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6574 | +0.318% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6526 | +0.136% | $5K | $3 | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6542 | +0.196% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6554 | +0.242% | $595K | $267K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6546 | +0.211% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6537 | +0.177% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6530 | +0.151% | $22K | $4K | 5x | as long as short |
| Hyperliquid MORPHOshort | +0.0107% | 1h | 2.6605 | +0.434% | $6.3M | $7.0M | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6559 | +0.262% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Gate MORPHO_USDT
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Aster MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]