Funding you earn now, next payment 08:00 UTC+0.0261%/8h= +28.6% APRnext payment +$1.31 per $10,000 · paid last 24h +0.067%
Price spread now: KuCoin against Orderly+0.039%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.039% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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 | Orderly PERP_MORPHO_USDC | 2.5960 | −0.0161 | get 0.0081% / 4h | 1h 02m | $10K | $34K | 10x |
| Short | KuCoin MORPHOUSDTM | 2.5970 | 0.0100 | get 0.0050% / 4h | 1h 02m | $589K | $260K | 50x |
Orderly PERP_MORPHO_USDC
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Orderly. 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
- $54.84
- Price spread: +0.039% → 0.000%
- $3.85
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $40.7
- Costs to cover
- 0.180%
- Break-even
- 1.8 days
Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 42 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 Orderly no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 42 min ago | 8.07 bp | 85.9 bp −$86 | 159.5 bp −$1,595 | doesn't fit | doesn't fit |
Orderly: 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 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 | −0.1374% | 1h | 2.5959 | −0.003% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1365% | 1h | 2.5959 | −0.004% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1200% | 1h | 2.5881 | −0.304% | $850 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0520% | 4h | 2.5967 | +0.027% | $30K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5974 | +0.054% | $72K | $38K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0385% | 4h | 2.5970 | +0.039% | $7.9M | $8.6M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0315% | 1h | 2.5969 | +0.035% | $27K | $1.4M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0196% | 4h | 2.5954 | −0.023% | $637K | $240K | 20x | as long as short |
| Orderly PERP_MORPHO_USDClong | −0.0161% | 4h | 2.5960 | long leg | $10K | $34K | 10x | |
| Variational Omni MORPHO | −0.0105% | 4h | 2.5980 | +0.079% | $619K | $677K | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0092% | 1h | 2.5987 | +0.104% | $33K | $339K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5959 | −0.003% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | 0.0000% | 4h | 2.5986 | +0.100% | $762K | $512K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.810% | $37 | $242K | 5.5x | as long as short |
| MEXC MORPHO_USDT | +0.0044% | 4h | 2.5962 | +0.008% | $6.3M | $906K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0044% | 4h | 2.5965 | +0.019% | $15.7M | $24.4M | 75x | as long as short |
| Extended MORPHO-USD | +0.0048% | 1h | 2.5957 | −0.012% | $99K | $345K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6005 | +0.175% | $313K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5937 | −0.091% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6003 | +0.166% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6003 | +0.168% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5958 | −0.008% | $3.2M | $4.2M | 20x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.5970 | +0.039% | $589K | $260K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5953 | −0.027% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5977 | +0.065% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5969 | +0.035% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5989 | +0.110% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Lighter MORPHO
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]