Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.002%
Price spread now: Extended against OKX−0.024%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$830.825% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 7 days−0.211%−$21 · spread now −0.024%, 7d avg −0.056%
=Together, before fees−0.206%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.033% dearer against OKX than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.056%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6620 | 0.0100 | pay 0.0050% / 4h | 49m 57s | $3.2M | $4.5M | 20x |
| Short | Extended MORPHO-USD | 2.6614 | 0.0016 | get 0.0002% / 1h | 49m 57s | $103K | $301K | 10x |
OKX MORPHO-USDT-SWAP
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against OKX. 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
- −$17.64
- Price spread: −0.024% → −0.056%
- $3.25
- Slippage, 4 orders
- −$67.52
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$96.91
- Costs to cover
- 0.825%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Extended: live order book, 27 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 OKX live order book, 3 min ago | 1.51 bp | 22.8 bp −$23 | 145.5 bp −$1,455 | doesn't fit | doesn't fit |
| Sell Extended live order book, 27 min ago | 2.46 bp | 22.2 bp −$22 | 262.1 bp −$2,621 | 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 | −0.1749% | 1h | 2.6592 | −0.106% | $82K | $146K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0592% | 1h | 2.6603 | −0.064% | $874 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6528 | −0.344% | $29K | $134K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0537% | 1h | 2.6648 | +0.105% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0480% | 1h | 2.6637 | +0.064% | $26K | $1.7M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.714% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0384% | 4h | 2.6620 | 0.000% | $8.5M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.128% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0225% | 4h | 2.6567 | −0.199% | $638K | $251K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6634 | +0.053% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0132% | 4h | 2.6611 | −0.034% | $773K | $531K | 50x | as long as short |
| Variational Omni MORPHO | −0.0109% | 4h | 2.6572 | −0.182% | $630K | $1.0M | — | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6556 | −0.240% | $44K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6630 | +0.039% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0014% | 4h | 2.6620 | 0.000% | $5.5M | $940K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0014% | 4h | 2.6619 | −0.004% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USDshort | +0.0016% | 1h | 2.6614 | −0.024% | $103K | $301K | 10x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6663 | +0.161% | $317K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6610 | −0.036% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6690 | +0.263% | $6.3M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6613 | −0.026% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.6620 | long leg | $3.2M | $4.5M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6637 | +0.064% | $597K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6625 | +0.019% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6619 | −0.004% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6626 | +0.023% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6659 | +0.145% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Variational Omni MORPHO
Phoenix MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]