Funding you earn now, next payment 05:00 UTC−0.0316%/8h= −34.6% APRpaid last 24h +0.011%
Price spread now: Coinbase International against Variational Omni+0.001%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.5836 | 0.0100 | pay 0.0050% / 4h | 2h 22m | $614K | $677K | — |
| Short | Coinbase International MORPHO-PERP-INTX | 2.5836 | −0.0216 | pay 0.0027% / 1h | 22m 55s | $73K | $39K | 25x |
Variational Omni MORPHO
Coinbase International MORPHO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Variational Omni. 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
- −$66.36
- Price spread: +0.001% → 0.000%
- $0.1
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$76.26
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 31 min ago; Coinbase International: no order-book sample. 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 Variational Omni RFQ quote, 31 min ago | 6.58 bp | doesn't fit | 66.1 bp −$661 | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: 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 | −0.1564% | 1h | 2.5815 | −0.080% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1412% | 1h | 2.5822 | −0.053% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0864% | 1h | 2.5798 | −0.146% | $848 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0362% | 4h | 2.5831 | −0.018% | $32K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTXshort | −0.0216% | 1h | 2.5836 | +0.001% | $73K | $39K | 25x | |
| BloFin MORPHO-USDT | −0.0196% | 4h | 2.5837 | +0.005% | $631K | $238K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5885 | +0.191% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0132% | 4h | 2.5821 | −0.057% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5827 | −0.035% | $15 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0016% | 1h | 2.5839 | +0.013% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.300% | $37 | $242K | 5.5x | as long as short |
| MEXC MORPHO_USDT | +0.0094% | 4h | 2.5840 | +0.017% | $6.2M | $911K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5874 | +0.147% | $311K | $295K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.5835 | −0.002% | $103K | $343K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0098% | 4h | 2.5854 | +0.072% | $15.6M | $24.0M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5856 | +0.077% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5871 | +0.136% | $5.9M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5858 | +0.087% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5853 | +0.067% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5865 | +0.113% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5841 | +0.020% | $755K | $497K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5864 | +0.109% | $594K | $246K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5838 | +0.009% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5855 | +0.075% | — | $1.4M | — | as long as short |
| Variational Omni MORPHOlong | +0.0100% | 4h | 2.5836 | long leg | $614K | $677K | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5820 | −0.061% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0149% / S +0.0039% | 1h | 2.5849 | +0.053% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
MEXC MORPHO_USDT
Lighter MORPHO
Extended MORPHO-USD
Binance MORPHOUSDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]