Funding you earn now, next payment 04:00 UTC+0.0242%/8h= +26.5% APRnext payment +$1.21 per $10,000 · paid last 24h +0.013%
Price spread now: Gate against BloFin+0.069%93s7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1131.127% of the position
Funding, last 7 days−0.591%−$59 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.069%, 7d avg −0.023%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.092% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.591%, so the current rate has only just turned in your favour. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6143 | −0.0200 | get 0.0100% / 4h | 1h 39m | $639K | $243K | 20x |
| Short | Gate MORPHO_USDT | 2.6161 | 0.0042 | get 0.0021% / 4h | 1h 39m | $754K | $503K | 50x |
BloFin MORPHO-USDT
Gate MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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
- $50.82
- Price spread: +0.069% → −0.023%
- $9.2
- Slippage, 4 orders
- −$85.72
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$52.7
- Costs to cover
- 1.127%
- Break-even
- 14.3 days
Slippage from BloFin: live order book, 87 min ago; Gate: live order book, 22 min ago.
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 BloFin live order book, 87 min ago | 3.94 bp | 14.4 bp −$14 | 34.6 bp −$346 | doesn't fit | doesn't fit |
| Sell Gate live order book, 22 min ago | 7.05 bp | 41.2 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1677% | 1h | 2.6146 | +0.012% | $81K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1087% | 1h | 2.6140 | −0.011% | $11K | $955 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0544% | 1h | 2.6098 | −0.172% | $858 | $9K | 5x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.6143 | long leg | $639K | $243K | 20x | |
| Coinbase International MORPHO-PERP-INTX | −0.0192% | 1h | 2.6327 | +0.704% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0157% | 4h | 2.6143 | 0.000% | $10K | $34K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0114% | 4h | 2.6163 | +0.077% | $32K | $142K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0096% | 1h | 2.6146 | +0.011% | $25K | $1.8M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6140 | −0.012% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6187 | +0.168% | $43K | $392K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERP
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 | +1.098% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDTshort | +0.0042% | 4h | 2.6161 | +0.069% | $754K | $503K | 50x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6164 | +0.081% | $313K | $308K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6122 | −0.081% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6195 | +0.199% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6156 | +0.051% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6133 | −0.038% | $15.8M | $25.7M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6150 | +0.027% | $8.3M | $9.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6166 | +0.088% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6134 | −0.034% | $5.8M | $840K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6154 | +0.042% | $595K | $252K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6176 | +0.126% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6146 | +0.011% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6155 | +0.046% | $624K | $907K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6141 | −0.008% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6106 | −0.143% | $101K | $350K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6144 | +0.003% | $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
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]