Funding you earn now, next payment 07:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.031%
Price spread now: KuCoin against Reya+0.075%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.075% dearer against Reya than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.6021 | −0.0005 | get 0.0001% / 1h | 45m 28s | $16 | — | 10x |
| Short | KuCoin MORPHOUSDTM | 2.6041 | 0.0100 | get 0.0050% / 4h | 1h 45m | $591K | $256K | 50x |
Reya MORPHORUSDPERP
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Reya. 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
- $21.96
- Price spread: +0.075% → 0.000%
- $7.55
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $11.51
- Costs to cover
- 0.180%
- Break-even
- 3.3 days
Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 74 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 KuCoin live order book, 74 min ago | 15.21 bp | 107.1 bp −$107 | 202.2 bp −$2,022 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1709% | 1h | 2.5986 | −0.136% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1375% | 1h | 2.5955 | −0.254% | $82K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1072% | 1h | 2.5923 | −0.378% | $852 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5819 | −0.778% | $72K | $39K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0361% | 1h | 2.6029 | +0.029% | $27K | $1.5M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0330% | 4h | 2.5958 | −0.245% | $30K | $134K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5975 | −0.178% | $639K | $241K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0130% | 4h | 2.5987 | −0.132% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0092% | 1h | 2.5997 | −0.094% | $33K | $339K | 5x | as long as short |
| Reya MORPHORUSDPERPlong | −0.0005% | 1h | 2.6021 | long leg | $16 | — | 10x |
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | +0.0024% | 4h | 2.6010 | −0.044% | $8.0M | $8.6M | 25x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.570% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6019 | −0.008% | $313K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5976 | −0.176% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6068 | +0.179% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6049 | +0.107% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6024 | +0.010% | $15.8M | $24.5M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6033 | +0.045% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5991 | −0.117% | $765K | $509K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6011 | −0.040% | $6.3M | $895K | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6041 | +0.075% | $591K | $256K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6012 | −0.036% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6022 | +0.002% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5960 | −0.234% | $618K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5983 | −0.147% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5976 | −0.176% | $100K | $342K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6060 | +0.147% | $1K | — | 100x | as long as short |
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]