MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0969%/8h= +106.1% APRnext payment +$1.21 per $10,000 · paid last 24h +0.151%

Price spread now: Injective against 01 Exchange−0.102%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 Injective

What this pair did over the last

the charts below follow

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—needs both histories

Funding pays, the price is against you. Injective is 0.102% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.102% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$29 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MORPHOUSD	2.6457	−0.0936	get 0.0117% / 1h	57m 16s	$869	$12K	5x
Short	Injective MORPHO/USDC PERP	2.6430	0.0033	get 0.0004% / 1h	57m 16s	$37	$242K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 it

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 InjectivebpOrdersPrice spread, now −0.102%Rate

Funding earned: $203.56
Price spread: −0.102% → 0.000%: −$10.21
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $186.33
Costs to cover: 0.070%
Break-even: 0.6 days

Slippage unknown: 01 Exchange: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

01 Exchange and Injective: 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
Bybit MORPHOUSDT	−0.2320%	4h	2.6500	+0.163%	$8.4M	$9.3M	25x	as long as short
Kraken Futures PF_MORPHOUSD	−0.1837%	1h	2.6457	0.000%	$81K	$139K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1069%	1h	2.6498	+0.155%	$11K	$788	10x	as long as short
01 Exchange MORPHOUSDlong	−0.0936%	1h	2.6457	long leg	$869	$12K	5x
Gate MORPHO_USDT	−0.0730%	4h	2.6513	+0.212%	$768K	$515K	50x	as long as short
Polymarket Perps MORPHO-USD	−0.0579%	1h	2.6491	+0.129%	$28K	$1.7M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0444%	4h	2.6547	+0.339%	$41K	$146K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0280%	1h	2.6537	+0.302%	$76K	$43K	25x	as long as short
BloFin MORPHO-USDT	−0.0215%	4h	2.6499	+0.159%	$637K	$239K	20x	as long as short
Variational Omni MORPHO	−0.0209%	4h	2.6531	+0.281%	$631K	$1.0M	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MORPHO_USDC	−0.0146%	4h	2.6494	+0.140%	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0060%	1h	2.6558	+0.382%	$44K	$474K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6490	+0.127%	$16	—	10x	as long as short
Injective MORPHO/USDC PERPshort	+0.0033%	1h	2.6430	−0.102%	$37	$242K	5.5x
Extended MORPHO-USD	+0.0064%	1h	2.6486	+0.108%	$103K	$295K	10x	as long as short
MEXC MORPHO_USDT	+0.0064%	4h	2.6495	+0.144%	$5.5M	$899K	100x	as long as short
Binance MORPHOUSDT	+0.0065%	4h	2.6501	+0.166%	$16.1M	$26.0M	75x	as long as short
Aster MORPHOUSDT	+0.0069%	4h	2.6537	+0.301%	$58K	$30K	20x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6556	+0.374%	$316K	$324K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6487	+0.113%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6565	+0.408%	$6.3M	$7.0M	5x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6512	+0.208%	$3.2M	$4.5M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6540	+0.314%	$594K	$267K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6528	+0.268%	$2.9M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6520	+0.238%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6493	+0.136%	$22K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0158% / S −0.3418%	1h	2.6529	+0.271%	$1K	—	100x	as long as short