Funding you earn now, next payment 12:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.254%
Price spread now: 01 Exchange against MEXC−0.179%56s7-day average — · 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)—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 −$15 a day on $10k at the current rate, and 01 Exchange is 0.179% cheaper against MEXC than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.5686 | 0.0100 | pay 0.0050% / 4h | 48m 39s | $6.5M | $972K | 100x |
| Short | 01 Exchange MORPHOUSD | 2.5640 | −0.0416 | pay 0.0052% / 1h | 48m 39s | $22K | $30K | 5x |
MEXC MORPHO_USDT
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$108.36
- Price spread: −0.179% → 0.000%
- −$17.91
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$137.27
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 2 min ago; 01 Exchange: 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 MEXC live order book, 2 min ago | 1.17 bp | 6.0 bp −$6 | 39.9 bp −$399 | 177.9 bp −$17.8K | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1768% | 1h | 2.5622 | −0.249% | $50K | $54K | 25x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.0610% | 1h | 2.5574 | −0.437% | $85K | $154K | 20x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0416% | 1h | 2.5640 | −0.179% | $22K | $30K | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0266% | 4h | 2.5616 | −0.273% | $30K | $122K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0232% | 4h | 2.5579 | −0.417% | $10K | $11K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5620 | −0.257% | $629K | $228K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0180% | 1h | 2.5577 | −0.424% | $10K | $3K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0174% | 4h | 2.5685 | −0.004% | $7.7M | $7.1M | 25x | as long as short |
| Phoenix MORPHO | −0.0062% | 1h | 2.5649 | −0.144% | $33K | $278K | 5x | as long as short |
| Variational Omni MORPHO | −0.0045% | 4h | 2.5623 | −0.244% | $609K | $202K | — | as long as short |
Coinbase International MORPHO-PERP-INTX
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDT
Deribit MORPHO_USDC-PERPETUAL
Bybit MORPHOUSDT
Phoenix MORPHO
Variational Omni MORPHOShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5612 | −0.290% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.897% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5716 | +0.116% | $308K | $183K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5677 | −0.033% | $5K | $200 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5716 | +0.117% | $5.9M | $5.4M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5689 | +0.013% | $56K | $51K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5684 | −0.008% | $15.2M | $21.6M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5700 | +0.055% | $3.1M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5625 | −0.237% | $752K | $384K | 50x | as long as short |
| MEXC MORPHO_USDTlong | +0.0100% | 4h | 2.5686 | long leg | $6.5M | $972K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5665 | −0.082% | $590K | $252K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5674 | −0.047% | $2.7M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5686 | 0.000% | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5642 | −0.171% | $22K | $1.0M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5632 | −0.210% | $21K | $5K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5634 | −0.201% | $105K | $579K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0356% / S −154.7372% | 1h | 2.5600 | −0.334% | $11K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]