Funding you earn now, next payment 09:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.009%
Price spread now: Extended against MEXC−0.044%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$610.608% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.044%, 7d avg −0.005%
=Together, before fees+0.039%+ Points / potential airdropExtended: Active · farm board+$4 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 0.039% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6168 | −0.0102 | get 0.0051% / 4h | 3h 03m | $6.5M | $937K | 100x |
| Short | Extended MORPHO-USD | 2.6157 | −0.0096 | pay 0.0012% / 1h | 3m 13s | $104K | $373K | 10x |
MEXC MORPHO_USDT
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against MEXC. 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
- $1.26
- Price spread: −0.044% → −0.005%
- −$3.87
- Slippage, 4 orders
- −$51.83
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$63.44
- Costs to cover
- 0.608%
- Break-even
- 359.4 days
Slippage from MEXC: live order book, 4 min ago; Extended: live order book, 29 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 MEXC live order book, 4 min ago | 1.34 bp | 7.0 bp −$7 | 39.0 bp −$390 | 189.0 bp −$18.9K | doesn't fit |
| Sell Extended live order book, 29 min ago | 3.70 bp | 23.5 bp −$23 | 250.0 bp −$2,500 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.2430% | 1h | 2.6156 | −0.045% | $84K | $126K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0696% | 1h | 2.6153 | −0.057% | $859 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0666% | 1h | 2.6166 | −0.008% | $11K | $3K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.4406 | −6.733% | $66K | $36K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0336% | 4h | 2.6161 | −0.027% | $636K | $233K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0324% | 4h | 2.6153 | −0.057% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0297% | 4h | 2.6172 | +0.014% | $57K | $50K | 20x | as long as short |
| Variational Omni MORPHO | −0.0245% | 4h | 2.6076 | −0.353% | $621K | $526K | — | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0182% | 4h | 2.6118 | −0.191% | $39K | $136K | 10x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.6137 | −0.118% | $33K | $308K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDT
Variational Omni MORPHO
GRVT MORPHO_USDT_Perp
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDTlong | −0.0102% | 4h | 2.6168 | long leg | $6.5M | $937K | 100x | |
| Extended MORPHO-USDshort | −0.0096% | 1h | 2.6157 | −0.044% | $104K | $373K | 10x | |
| Binance MORPHOUSDT | −0.0096% | 4h | 2.6165 | −0.011% | $15.7M | $23.2M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6157 | −0.041% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.001% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6275 | +0.410% | $316K | $284K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6186 | +0.070% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6203 | +0.134% | $6.0M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6181 | +0.050% | $8.0M | $8.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6176 | +0.031% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6197 | +0.111% | $768K | $490K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6192 | +0.092% | $578K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6153 | −0.057% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6177 | +0.034% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.6195 | +0.103% | $26K | $1.3M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6158 | −0.038% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0202% / S −17.1882% | 1h | 2.6191 | +0.087% | $1K | — | 100x | as long as short |
Binance MORPHOUSDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]