Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Extended against KuCoin−0.044%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as 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)+0.112%+$11 · spread now −0.044%, 7d avg −0.082%
=Together, before fees+0.114%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.038% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it 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 | KuCoin MORPHOUSDTM | 2.5979 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $591K | $256K | 50x |
| Short | Extended MORPHO-USD | 2.5968 | 0.0104 | get 0.0013% / 1h | 56m 34s | $100K | $342K | 10x |
KuCoin MORPHOUSDTM
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against KuCoin. 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: −0.044% → −0.082%
- $3.79
- Slippage, 4 orders
- −$198.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$210.52
- Costs to cover
- 2.151%
- Break-even
- 1761.3 days
Slippage from KuCoin: live order book, 62 min ago; Extended: live order book, 51 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 KuCoin live order book, 62 min ago | 15.21 bp | 63.3 bp −$63 | 199.6 bp −$1,996 | doesn't fit | doesn't fit |
| Sell Extended live order book, 51 min ago | 2.70 bp | 22.2 bp −$22 | 201.5 bp −$2,015 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1557% | 1h | 2.5967 | −0.046% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1376% | 1h | 2.5928 | −0.198% | $81K | $137K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0992% | 1h | 2.5920 | −0.227% | $852 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.6025 | +0.177% | $73K | $40K | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0270% | 4h | 2.6056 | +0.298% | $30K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0251% | 1h | 2.5982 | +0.012% | $27K | $1.5M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5976 | −0.012% | $639K | $240K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.6094 | +0.443% | $34K | $315K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0123% | 4h | 2.5977 | −0.008% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5958 | −0.079% | $16 | — | 10x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERPShow 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 | +1.736% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5989 | +0.039% | $312K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5960 | −0.072% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6009 | +0.115% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5995 | +0.061% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5965 | −0.054% | $15.7M | $24.5M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5976 | −0.012% | $8.0M | $8.6M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5993 | +0.054% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5972 | −0.027% | $766K | $508K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5964 | −0.058% | $6.2M | $895K | 100x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.5979 | long leg | $591K | $256K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5960 | −0.073% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5981 | +0.008% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6055 | +0.293% | $620K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5954 | −0.096% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USDshort | +0.0104% | 1h | 2.5968 | −0.044% | $100K | $342K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0183% / S −15.3821% | 1h | 2.6010 | +0.121% | $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
Gate MORPHO_USDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]