Funding you earn now, next payment 07:00 UTC+0.1068%/8h= +116.9% APRpaid last 24h +0.221%
Price spread now: MEXC against 01 Exchange+0.212%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—needs both histories
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and MEXC is 0.212% dearer against 01 Exchange than usual: you sell high and buy low: +$21 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 | 2.5982 | −0.0968 | get 0.0121% / 1h | 57m 55s | $854 | $9K | 5x |
| Short | MEXC MORPHO_USDT | 2.6037 | 0.0100 | get 0.0050% / 4h | 1h 57m | $6.3M | $895K | 100x |
01 Exchange MORPHOUSD
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $224.28
- Price spread: +0.212% → 0.000%
- $21.17
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $234.45
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago | 1.15 bp | 7.0 bp −$7 | 37.3 bp −$373 | 170.5 bp −$17.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1478% | 1h | 2.6003 | +0.081% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1373% | 1h | 2.5982 | +0.001% | $81K | $137K | 20x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0968% | 1h | 2.5982 | long leg | $854 | $9K | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.6044 | +0.239% | $73K | $40K | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0270% | 4h | 2.6056 | +0.286% | $30K | $134K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6004 | +0.085% | $638K | $240K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.6094 | +0.431% | $34K | $315K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0124% | 4h | 2.6003 | +0.081% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0064% | 1h | 2.6046 | +0.246% | $28K | $1.5M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6029 | +0.180% | $16 | — | 10x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
Coinbase International MORPHO-PERP-INTX
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.724% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6060 | +0.299% | $313K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6012 | +0.116% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6045 | +0.242% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6044 | +0.240% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6010 | +0.108% | $15.8M | $24.5M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6070 | +0.339% | $8.0M | $8.6M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6058 | +0.293% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6010 | +0.108% | $762K | $505K | 50x | as long as short |
| MEXC MORPHO_USDTshort | +0.0100% | 4h | 2.6037 | +0.212% | $6.3M | $895K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6076 | +0.362% | $594K | $254K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6044 | +0.239% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6052 | +0.269% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6055 | +0.282% | $620K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6002 | +0.077% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6030 | +0.184% | $100K | $342K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0182% / S −15.2495% | 1h | 2.6037 | +0.210% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]