Funding you earn now, next payment 00:00 UTC−0.0276%/8h= −30.2% APRnext payment −$1.38 per $10,000 · paid last 24h −0.086%
Price spread now: Gate against Variational Omni−0.117%7-day average −0.040% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.107%−$11 on $10k
+Price spread, last 3 days (all we have)−0.061%−$6 · spread now −0.117%, 7d avg −0.040%
=Together, before fees−0.168%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.077% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.040%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.6500 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $644K | $1.4M | — |
| Short | Gate MORPHO_USDT | 2.6469 | −0.0176 | pay 0.0088% / 4h | 2h 38m | $759K | $523K | 50x |
Variational Omni MORPHO
Gate MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$57.96
- Price spread: −0.117% → −0.040%
- −$7.71
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$80.67
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Gate: live order book, 48 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 Variational Omni RFQ quote, 1 min ago | 6.49 bp | doesn't fit | 100.3 bp −$1,003 | doesn't fit | doesn't fit |
| Sell Gate live order book, 48 min ago | 8.90 bp | 47.4 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.2063% | 1h | 2.6429 | −0.269% | $82K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1108% | 1h | 2.6468 | −0.121% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1008% | 1h | 2.6470 | −0.114% | $870 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0543% | 1h | 2.6492 | −0.031% | $26K | $1.9M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0500% | 4h | 2.6504 | +0.014% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6460 | −0.151% | $37 | $161K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0315% | 4h | 2.6510 | +0.037% | $8.6M | $10.1M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6527 | +0.101% | $76K | $46K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6462 | −0.144% | $648K | $221K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0183% | 4h | 2.6490 | −0.038% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDTshort | −0.0176% | 4h | 2.6469 | −0.117% | $759K | $523K | 50x | |
| Phoenix MORPHO | −0.0030% | 1h | 2.6516 | +0.060% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6496 | −0.016% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6555 | +0.205% | $316K | $336K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6462 | −0.145% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6539 | +0.147% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6496 | −0.016% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6487 | −0.050% | $16.2M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6513 | +0.049% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6484 | −0.061% | $5.3M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6499 | −0.004% | $621K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6490 | −0.038% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6493 | −0.027% | — | $1.5M | — | as long as short |
| Variational Omni MORPHOlong | +0.0100% | 4h | 2.6500 | long leg | $644K | $1.4M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6456 | −0.167% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6477 | −0.086% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6521 | +0.081% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]