Funding you earn now, next payment 03:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.058%
Price spread now: Reya against BloFin+0.041%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 +$6 a day on $10k at the current rate, and Reya is 0.041% dearer against BloFin than usual: you sell high and buy low: +$4 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 | BloFin MORPHO-USDT | 2.6161 | −0.0200 | get 0.0100% / 4h | 1h 09m | $637K | $240K | 20x |
| Short | Reya MORPHORUSDPERP | 2.6172 | −0.0005 | pay 0.0001% / 1h | 9m 06s | $16 | — | 10x |
BloFin MORPHO-USDT
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $41.05
- Price spread: +0.041% → 0.000%
- $4.15
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $27.2
- Costs to cover
- 0.180%
- Break-even
- 2.4 days
Slippage unknown: BloFin: live order book, 32 min ago; 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 BloFin live order book, 32 min ago | 0.19 bp | 17.6 bp −$18 | 37.8 bp −$378 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
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 | −0.1677% | 1h | 2.6145 | −0.060% | $81K | $127K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1047% | 1h | 2.6177 | +0.061% | $11K | $759 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0712% | 1h | 2.6131 | −0.115% | $859 | $9K | 5x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.6161 | long leg | $637K | $240K | 20x | |
| Coinbase International MORPHO-PERP-INTX | −0.0192% | 1h | 2.6345 | +0.703% | $75K | $42K | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0180% | 4h | 2.6270 | +0.418% | $32K | $142K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0171% | 1h | 2.6182 | +0.080% | $25K | $1.7M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0157% | 4h | 2.6178 | +0.065% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0008% | 4h | 2.6211 | +0.191% | $757K | $506K | 50x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0005% | 1h | 2.6172 | +0.041% | $16 | — | 10x |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | 0.0000% | 1h | 2.6287 | +0.482% | $43K | $392K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.028% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6206 | +0.174% | $314K | $308K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6167 | +0.025% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6233 | +0.275% | $6.2M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6176 | +0.058% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6172 | +0.043% | $15.8M | $25.3M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6182 | +0.080% | $8.3M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6203 | +0.161% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6174 | +0.050% | $5.8M | $844K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6220 | +0.226% | $595K | $252K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6188 | +0.103% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6189 | +0.107% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6260 | +0.378% | $626K | $848K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6180 | +0.073% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6166 | +0.017% | $100K | $350K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6204 | +0.166% | $1K | — | 100x | as long as short |
Phoenix MORPHO
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]