Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h −0.015%
Price spread now: Variational Omni against KuCoin−0.398%7-day average −0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.015%−$2 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.398%, 7d avg −0.039%
=Together, before fees+0.194%+ Points / potential airdropVariational Omni: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.358% cheaper against KuCoin than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.6029 | 0.0100 | pay 0.0050% / 4h | 1h 31m | $589K | $260K | 50x |
| Short | Variational Omni MORPHO | 2.5925 | 0.0055 | get 0.0028% / 4h | 1h 31m | $618K | $677K | — |
KuCoin MORPHOUSDTM
Variational Omni MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$9.38
- Price spread: −0.398% → −0.039%
- −$35.84
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$57.21
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 13 min ago; Variational Omni: RFQ quote, 18 min ago. 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, 13 min ago | 8.07 bp | 54.1 bp −$54 | 152.6 bp −$1,526 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 18 min ago | 6.56 bp | doesn't fit | 66.3 bp −$663 | 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 | −0.1439% | 1h | 2.6006 | −0.088% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1373% | 1h | 2.5984 | −0.172% | $82K | $131K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1144% | 1h | 2.5951 | −0.300% | $853 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5832 | −0.757% | $72K | $40K | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0398% | 4h | 2.5958 | −0.273% | $30K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0343% | 1h | 2.6021 | −0.031% | $28K | $1.5M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0205% | 4h | 2.6030 | +0.004% | $8.0M | $8.6M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0192% | 4h | 2.6000 | −0.111% | $639K | $241K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0143% | 4h | 2.6006 | −0.088% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0092% | 1h | 2.5934 | −0.365% | $33K | $339K | 5x | 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
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6006 | −0.090% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.541% | $37 | $242K | 5.5x | as long as short |
| Variational Omni MORPHOshort | +0.0055% | 4h | 2.5925 | −0.398% | $618K | $677K | — | |
| Gate MORPHO_USDT | +0.0084% | 4h | 2.6011 | −0.069% | $765K | $511K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0090% | 4h | 2.5999 | −0.115% | $6.3M | $899K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0096% | 4h | 2.6002 | −0.104% | $15.8M | $24.6M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6025 | −0.017% | $313K | $294K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.5995 | −0.130% | $99K | $346K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6004 | −0.096% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6062 | +0.127% | $5.9M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6037 | +0.032% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6013 | −0.061% | $3.2M | $4.2M | 20x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.6029 | long leg | $589K | $260K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6009 | −0.077% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6008 | −0.081% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6007 | −0.085% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6042 | +0.049% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Extended MORPHO-USD
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]