MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1369%/8h= −149.9% APRnext payment −$1.71 per $10,000 · paid last 24h −0.150%

Price spread now: Kraken Futures against Reya+0.033%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.033% dearer against Reya than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya MORPHORUSDPERP	2.5959	−0.0005	get 0.0001% / 1h	1m 53s	$16	—	10x
Short	Kraken Futures PF_MORPHOUSD	2.5968	−0.1374	pay 0.0172% / 1h	1m 53s	$84K	$134K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee Kraken FuturesbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$287.56
Price spread: +0.033% → 0.000%: $3.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$300.25
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 40 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 Reya no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 40 min ago	26.20 bp	49.0 bp −$49	201.4 bp −$2,014	doesn't fit	doesn't fit

Reya: 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_MORPHOUSDshort	−0.1374%	1h	2.5968	+0.033%	$84K	$134K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.1289%	1h	2.5955	−0.016%	$11K	$2K	10x	as long as short
01 Exchange MORPHOUSD	−0.1200%	1h	2.5881	−0.301%	$850	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0520%	4h	2.5967	+0.030%	$30K	$134K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0432%	1h	2.5979	+0.076%	$72K	$38K	25x	as long as short
Bybit MORPHOUSDT	−0.0385%	4h	2.5980	+0.080%	$7.9M	$8.6M	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0315%	1h	2.5969	+0.038%	$27K	$1.4M	5x	as long as short
BloFin MORPHO-USDT	−0.0196%	4h	2.5954	−0.020%	$637K	$240K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0162%	4h	2.5963	+0.014%	$10K	$34K	10x	as long as short
Variational Omni MORPHO	−0.0105%	4h	2.5980	+0.082%	$619K	$677K	—	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix MORPHO	−0.0092%	1h	2.5987	+0.107%	$33K	$339K	5x	as long as short
Reya MORPHORUSDPERPlong	−0.0005%	1h	2.5959	long leg	$16	—	10x
Gate MORPHO_USDT	0.0000%	4h	2.5990	+0.118%	$762K	$513K	50x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+1.813%	$37	$242K	5.5x	as long as short
MEXC MORPHO_USDT	+0.0044%	4h	2.5961	+0.007%	$6.3M	$906K	100x	as long as short
Binance MORPHOUSDT	+0.0044%	4h	2.5962	+0.011%	$15.7M	$24.4M	75x	as long as short
Extended MORPHO-USD	+0.0048%	1h	2.5954	−0.018%	$99K	$345K	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6001	+0.162%	$313K	$294K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.5937	−0.088%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6013	+0.208%	$5.9M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.5987	+0.109%	$58K	$33K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.5980	+0.080%	$3.2M	$4.2M	20x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.5978	+0.072%	$589K	$260K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.5971	+0.045%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5976	+0.065%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.5959	−0.001%	$21K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.5989	+0.113%	$1K	—	100x	as long as short