Funding you earn now, next payment 05:00 UTC+0.0105%/8h= +11.4% APRpaid last 24h +0.031%
Price spread now: OKX against Reya+0.134%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 OKX is 0.134% dearer against Reya than usual: you sell high and buy low: +$13 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 | 2.5988 | −0.0005 | get 0.0001% / 1h | 26m 20s | $16 | — | 10x |
| Short | OKX MORPHO-USDT-SWAP | 2.6023 | 0.0100 | get 0.0050% / 4h | 3h 26m | $3.2M | $4.0M | 20x |
Reya MORPHORUSDPERP
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $21.95
- Price spread: +0.134% → 0.000%
- $13.41
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $19.36
- Costs to cover
- 0.160%
- Break-even
- 0.8 days
Slippage unknown: Reya: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago | 2.31 bp | 20.6 bp −$21 | 83.8 bp −$838 | 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_MORPHOUSD | −0.2172% | 1h | 2.5989 | +0.002% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1325% | 1h | 2.5998 | +0.038% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0944% | 1h | 2.5947 | −0.158% | $853 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0490% | 4h | 2.5997 | +0.035% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6099 | +0.427% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6009 | +0.080% | $636K | $241K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0181% | 1h | 2.6017 | +0.111% | $24K | $1.5M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0170% | 4h | 2.6001 | +0.049% | $8.1M | $8.5M | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0135% | 4h | 2.6004 | +0.061% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6042 | +0.207% | $43K | $337K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERPlong | −0.0005% | 1h | 2.5988 | long leg | $16 | — | 10x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.700% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6037 | +0.188% | $313K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5990 | +0.008% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6055 | +0.257% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6043 | +0.212% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5995 | +0.026% | $15.7M | $24.0M | 75x | as long as short |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.6023 | +0.134% | $3.2M | $4.0M | 20x | |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6008 | +0.076% | $762K | $471K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5993 | +0.019% | $6.0M | $836K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6030 | +0.161% | $598K | $249K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6002 | +0.053% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6011 | +0.088% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6040 | +0.201% | $620K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5997 | +0.034% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5984 | −0.016% | $100K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6032 | +0.168% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]