Funding you earn now, next payment 04:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.03 per $10,000 · paid last 24h −0.075%
Price spread now: Gate against MEXC+0.084%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$860.856% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.084%, 7d avg −0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.084% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6257 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $5.5M | $887K | 100x |
| Short | Gate MORPHO_USDT | 2.6279 | 0.0094 | get 0.0047% / 4h | 2h 26m | $766K | $505K | 50x |
MEXC MORPHO_USDT
Gate MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.084% → −0.001%
- $8.43
- Slippage, 4 orders
- −$66.59
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$78.42
- Costs to cover
- 0.856%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 40 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, 1 min ago | 0.38 bp | 5.9 bp −$6 | 41.7 bp −$417 | 193.9 bp −$19.4K | doesn't fit |
| Sell Gate live order book, 40 min ago | 5.82 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
MORPHO on 26 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 | −0.1910% | 1h | 2.6232 | −0.096% | $80K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0472% | 1h | 2.6254 | −0.011% | $863 | $10K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0359% | 1h | 2.6274 | +0.065% | $11K | $785 | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6299 | +0.160% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0152% | 4h | 2.6262 | +0.019% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0120% | 1h | 2.6268 | +0.042% | $27K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0010% | 4h | 2.6207 | −0.192% | $32K | $142K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6271 | +0.055% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0030% | 1h | 2.6267 | +0.038% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.659% | $37 | $242K | 5.5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Reya MORPHORUSDPERP
Phoenix MORPHO
Injective MORPHO/USDC PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MORPHO | +0.0092% | 4h | 2.6221 | −0.137% | $625K | $913K | — | as long as short |
| Gate MORPHO_USDTshort | +0.0094% | 4h | 2.6279 | +0.084% | $766K | $505K | 50x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6289 | +0.122% | $315K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6268 | +0.040% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6306 | +0.187% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6281 | +0.090% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6253 | −0.015% | $15.8M | $25.1M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6269 | +0.046% | $8.3M | $9.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6279 | +0.084% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDTlong | +0.0100% | 4h | 2.6257 | long leg | $5.5M | $887K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6280 | +0.088% | $596K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6270 | +0.050% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6281 | +0.091% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6265 | +0.030% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6251 | −0.021% | $101K | $355K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6274 | +0.066% | $1K | — | 100x | as long as short |
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]