Funding you earn now, next payment 09:00 UTC+0.1625%/8h= +177.9% APRnext payment +$2.03 per $10,000 · paid last 24h +0.007%
Price spread now: 01 Exchange against Kraken Futures+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$49 a day on $10k at the current rate, and 01 Exchange is 0.029% dearer against Kraken Futures 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 | Kraken Futures PF_MORPHOUSD | 2.5626 | −0.2481 | get 0.0310% / 1h | 31m 21s | $84K | $135K | 20x |
| Short | 01 Exchange MORPHOUSD | 2.5633 | −0.0856 | pay 0.0107% / 1h | 31m 21s | $842 | $9K | 5x |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange against Kraken Futures. 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
- $341.19
- Price spread: +0.029% → 0.000%
- $2.86
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- $327.05
- Costs to cover
- 0.170%
- Break-even
- 0.3 days
Slippage unknown: Kraken Futures: live order book, 1 min ago; 01 Exchange: 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 Kraken Futures live order book, 1 min ago | 16.14 bp | 34.3 bp −$34 | 3643.8 bp −$36.4K | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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_MORPHOUSDlong | −0.2481% | 1h | 2.5626 | long leg | $84K | $135K | 20x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.1190% | 1h | 2.5661 | +0.138% | $10K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0856% | 1h | 2.5633 | +0.029% | $842 | $9K | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5703 | +0.302% | $70K | $37K | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0486% | 4h | 2.5752 | +0.492% | $30K | $123K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0420% | 4h | 2.5660 | +0.134% | $7.7M | $8.4M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0405% | 4h | 2.5718 | +0.360% | $631K | $238K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0382% | 4h | 2.5716 | +0.352% | $756K | $484K | 50x | as long as short |
| Variational Omni MORPHO | −0.0357% | 4h | 2.5781 | +0.605% | $615K | $526K | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0314% | 4h | 2.5654 | +0.110% | $10K | $34K | 10x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Gate MORPHO_USDT
Variational Omni MORPHO
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MORPHOUSDT | −0.0302% | 4h | 2.5737 | +0.435% | $54K | $49K | 20x | as long as short |
| Extended MORPHO-USD | −0.0184% | 1h | 2.5676 | +0.198% | $98K | $370K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0184% | 4h | 2.5683 | +0.225% | $15.4M | $23.8M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0172% | 4h | 2.5687 | +0.239% | $6.3M | $925K | 100x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5779 | +0.598% | $33K | $308K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5684 | +0.227% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +3.139% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5735 | +0.428% | $310K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5662 | +0.142% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5730 | +0.407% | $5.9M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5676 | +0.196% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5737 | +0.434% | $586K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5665 | +0.153% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5688 | +0.243% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5726 | +0.391% | $25K | $1.3M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5666 | +0.157% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5731 | +0.409% | $1K | — | 100x | as long as short |
Aster MORPHOUSDT
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]