Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: MEXC against Extended+0.019%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$560.565% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 7 days+0.261%+$26 · spread now +0.019%, 7d avg +0.012%
=Together, before fees+0.255%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6604 | 0.0104 | pay 0.0013% / 1h | 5m 46s | $102K | $362K | 10x |
| Short | MEXC MORPHO_USDT | 2.6609 | 0.0100 | get 0.0050% / 4h | 3h 05m | $5.5M | $906K | 100x |
Extended MORPHO-USD
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$0.84
- Price spread: +0.019% → +0.012%
- $0.79
- Slippage, 4 orders
- −$47.46
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$56.5
- Costs to cover
- 0.565%
- Break-even
- never at this rate
Slippage from Extended: live order book, 67 min ago; MEXC: live order book, 1 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, 67 min ago | 2.45 bp | 22.4 bp −$22 | 197.4 bp −$1,974 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.56 bp | 5.9 bp −$6 | 43.5 bp −$435 | 186.1 bp −$18.6K | 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 | −0.1827% | 1h | 2.6608 | +0.016% | $80K | $125K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1212% | 1h | 2.6635 | +0.117% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0408% | 1h | 2.6625 | +0.080% | $875 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6743 | +0.523% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6687 | +0.313% | $606K | $233K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6641 | +0.140% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6710 | +0.399% | $44K | $474K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6644 | +0.150% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0008% | 1h | 2.6653 | +0.185% | $25K | $1.7M | 5x | as long as short |
| Variational Omni MORPHO | +0.0017% | 4h | 2.6640 | +0.136% | $635K | $926K | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USD
Variational Omni 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 | −0.653% | $37 | $242K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0056% | 4h | 2.6686 | +0.308% | $41K | $133K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6733 | +0.484% | $320K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6606 | +0.007% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6663 | +0.221% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6612 | +0.031% | $16.1M | $25.4M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6630 | +0.098% | $8.5M | $9.0M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6617 | +0.050% | $3.2M | $4.3M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6650 | +0.174% | $769K | $525K | 50x | as long as short |
| MEXC MORPHO_USDTshort | +0.0100% | 4h | 2.6609 | +0.019% | $5.5M | $906K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6649 | +0.170% | $600K | $262K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6627 | +0.087% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6631 | +0.102% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6642 | +0.144% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USDlong | +0.0104% | 1h | 2.6604 | long leg | $102K | $362K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6663 | +0.222% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0351% | 1h | 2.6686 | +0.308% | $6.3M | $7.0M | 5x | as long as short |
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_Perp
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO