Funding you earn now, next payment 23:00 UTC+0.1284%/8h= +140.6% APRpaid last 24h +0.186%
Price spread now: OKX against 01 Exchange+0.227%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—needs both histories
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and OKX is 0.227% dearer against 01 Exchange than usual: you sell high and buy low: +$23 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 | 2.6392 | −0.1184 | get 0.0148% / 1h | 20m 59s | $867 | $13K | 5x |
| Short | OKX MORPHO-USDT-SWAP | 2.6452 | 0.0100 | get 0.0050% / 4h | 1h 20m | $3.2M | $4.4M | 20x |
01 Exchange MORPHOUSD
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $269.64
- Price spread: +0.227% → 0.000%
- $22.73
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $275.37
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago | 1.32 bp | 17.7 bp −$18 | 95.4 bp −$954 | 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 | −0.1859% | 1h | 2.6401 | +0.033% | $82K | $149K | 20x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.1184% | 1h | 2.6392 | long leg | $867 | $13K | 5x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.1109% | 1h | 2.6458 | +0.250% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0696% | 1h | 2.6431 | +0.148% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0600% | 4h | 2.6391 | −0.004% | $29K | $146K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0480% | 4h | 2.6450 | +0.220% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.144% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6413 | +0.080% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0203% | 4h | 2.6434 | +0.159% | $641K | $244K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0148% | 4h | 2.6436 | +0.167% | $768K | $533K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6451 | +0.224% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6403 | +0.042% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0077% | 4h | 2.6372 | −0.077% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6431 | +0.147% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0034% | 4h | 2.6437 | +0.171% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0037% | 4h | 2.6437 | +0.171% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0040% | 1h | 2.6430 | +0.144% | $102K | $301K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6495 | +0.391% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6454 | +0.234% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6505 | +0.427% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6448 | +0.211% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.6452 | +0.227% | $3.2M | $4.4M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6444 | +0.197% | $591K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6463 | +0.269% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6449 | +0.216% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6451 | +0.224% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6471 | +0.300% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]