Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.002%
Price spread now: KuCoin against Extended+0.142%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$209as in the Price arb table
costs, in and out, $10k−$2152.151% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.142%, 7d avg +0.082%
=Together, before fees−0.212%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.061% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.082%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.5791 | 0.0088 | pay 0.0011% / 1h | 33m 04s | $103K | $343K | 10x |
| Short | KuCoin MORPHOUSDTM | 2.5828 | 0.0100 | get 0.0050% / 4h | 2h 33m | $593K | $246K | 50x |
Extended MORPHO-USD
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Extended. 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
- $2.52
- Price spread: +0.142% → +0.082%
- $6.05
- Slippage, 4 orders
- −$198.15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$206.58
- Costs to cover
- 2.151%
- Break-even
- 580.8 days
Slippage from Extended: live order book, 14 min ago; KuCoin: live order book, 26 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 Extended live order book, 14 min ago | 2.70 bp | 22.6 bp −$23 | 198.8 bp −$1,988 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 26 min ago | 15.21 bp | 107.1 bp −$107 | 202.2 bp −$2,022 | 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 | −0.1565% | 1h | 2.5789 | −0.010% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1221% | 1h | 2.5789 | −0.009% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0888% | 1h | 2.5756 | −0.137% | $846 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0394% | 4h | 2.5854 | +0.243% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5827 | +0.138% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0177% | 4h | 2.5803 | +0.045% | $634K | $241K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5858 | +0.259% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5789 | −0.009% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5793 | +0.007% | $15 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0016% | 1h | 2.5809 | +0.069% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow 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 | +2.476% | $37 | $242K | 5.5x | as long as short |
| Extended MORPHO-USDlong | +0.0088% | 1h | 2.5791 | long leg | $103K | $343K | 10x | |
| MEXC MORPHO_USDT | +0.0088% | 4h | 2.5790 | −0.005% | $6.2M | $909K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0089% | 4h | 2.5797 | +0.022% | $15.6M | $24.0M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5836 | +0.173% | $311K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5790 | −0.004% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5835 | +0.169% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5807 | +0.062% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5810 | +0.073% | $7.9M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5830 | +0.150% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5803 | +0.045% | $766K | $487K | 50x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.5828 | +0.142% | $593K | $246K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5806 | +0.057% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5813 | +0.084% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5866 | +0.290% | $615K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5794 | +0.010% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S +0.0037% | 1h | 2.5817 | +0.101% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]