Funding you earn now, next payment 02:00 UTC+0.0548%/8h= +60.0% APRnext payment +$0.68 per $10,000 · paid last 24h +0.165%
Price spread now: Reya against 01 Exchange+0.030%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
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Reya is 0.030% dearer against 01 Exchange than usual: you sell high and buy low: +$3 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 | 2.6325 | −0.0552 | get 0.0069% / 1h | 46m 22s | $865 | $11K | 5x |
| Short | Reya MORPHORUSDPERP | 2.6333 | −0.0004 | pay 0.0001% / 1h | 46m 22s | $16 | — | 10x |
01 Exchange MORPHOUSD
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $114.98
- Price spread: +0.030% → 0.000%
- $3.02
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $105
- Costs to cover
- 0.130%
- Break-even
- 0.6 days
Slippage unknown: 01 Exchange: no order-book sample; Reya: 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 Reya no order-book sample | — | — | — | — | — |
01 Exchange and Reya: 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 | −0.1903% | 1h | 2.6331 | +0.024% | $80K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0698% | 1h | 2.6343 | +0.068% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0552% | 1h | 2.6325 | long leg | $865 | $11K | 5x | |
| BloFin MORPHO-USDT | −0.0237% | 4h | 2.6347 | +0.084% | $643K | $238K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6471 | +0.555% | $76K | $43K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0151% | 4h | 2.6327 | +0.008% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0139% | 1h | 2.6340 | +0.057% | $41K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0070% | 4h | 2.6366 | +0.156% | $40K | $133K | 10x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0004% | 1h | 2.6333 | +0.030% | $16 | — | 10x | |
| Phoenix MORPHO | +0.0030% | 1h | 2.6422 | +0.368% | $43K | $426K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
BloFin MORPHO-USDT
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Phoenix MORPHOShow 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 | +0.399% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0044% | 4h | 2.6365 | +0.152% | $759K | $495K | 50x | as long as short |
| Variational Omni MORPHO | +0.0082% | 4h | 2.6341 | +0.060% | $627K | $924K | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6476 | +0.573% | $317K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6344 | +0.071% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6386 | +0.232% | $6.2M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6354 | +0.110% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6334 | +0.033% | $15.9M | $25.2M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6331 | +0.023% | $8.3M | $9.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6351 | +0.099% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6337 | +0.046% | $5.5M | $874K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6366 | +0.156% | $596K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6360 | +0.133% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6334 | +0.034% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6330 | +0.019% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6328 | +0.012% | $101K | $358K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6349 | +0.093% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]