Funding you earn now, next payment 04:00 UTC−0.0243%/8h= −26.6% APRnext payment −$1.21 per $10,000 · paid last 24h −0.065%
Price spread now: Orderly against KuCoin−0.454%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.454% cheaper against KuCoin than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.6625 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $596K | $265K | 50x |
| Short | Orderly PERP_MORPHO_USDC | 2.6504 | −0.0143 | pay 0.0071% / 4h | 3h 31m | $10K | $34K | 10x |
KuCoin MORPHOUSDTM
Orderly PERP_MORPHO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$50.98
- Price spread: −0.454% → 0.000%
- −$45.45
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$114.43
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 21 min ago; Orderly: 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 KuCoin live order book, 21 min ago | 8.87 bp | 62.5 bp −$62 | 172.0 bp −$1,720 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1837% | 1h | 2.6461 | −0.616% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0880% | 1h | 2.6513 | −0.421% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0424% | 1h | 2.6497 | −0.481% | $871 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6574 | −0.192% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6517 | −0.406% | $640K | $234K | 20x | as long as short |
| Variational Omni MORPHO | −0.0192% | 4h | 2.6501 | −0.466% | $630K | $1.0M | — | as long as short |
| Orderly PERP_MORPHO_USDCshort | −0.0143% | 4h | 2.6504 | −0.454% | $10K | $34K | 10x | |
| Polymarket Perps MORPHO-USD | −0.0095% | 1h | 2.6506 | −0.447% | $28K | $1.7M | 5x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6532 | −0.349% | $43K | $474K | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0013% | 4h | 2.6617 | −0.030% | $8.4M | $9.2M | 25x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Variational Omni MORPHO
Polymarket Perps MORPHO-USD
Phoenix MORPHO
Bybit MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6510 | −0.433% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.732% | $37 | $242K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0076% | 4h | 2.6502 | −0.462% | $41K | $133K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6628 | +0.011% | $319K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6508 | −0.439% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6606 | −0.072% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6589 | −0.134% | $16.1M | $25.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6610 | −0.056% | $3.2M | $4.5M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6624 | −0.004% | $771K | $517K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6590 | −0.131% | $5.6M | $903K | 100x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.6625 | long leg | $596K | $265K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6614 | −0.041% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6607 | −0.068% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6507 | −0.443% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6595 | −0.113% | $102K | $440K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6530 | −0.359% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0383% | 1h | 2.6655 | +0.113% | $6.3M | $7.0M | 5x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_Perp
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO