MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1185%/8h= −129.7% APRnext payment −$1.48 per $10,000 · paid last 24h +0.261%

Price spread now: Kraken Futures against 01 Exchange+0.341%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.341% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.341% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MORPHOUSD	2.6411	−0.0872	get 0.0109% / 1h	11m 45s	$868	$12K	5x
Short	Kraken Futures PF_MORPHOUSD	2.6501	−0.2057	pay 0.0257% / 1h	11m 45s	$83K	$148K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against 01 Exchange. 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 01 ExchangebpFee Kraken FuturesbpOrdersPrice spread, now +0.341%Rate

Funding earned: −$248.83
Price spread: +0.341% → 0.000%: $34.1
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$231.73
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Kraken Futures: live order book, 10 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 10 min ago	44.08 bp	49.3 bp −$49	125.7 bp −$1,257	doesn't fit	doesn't fit

01 Exchange: 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	−0.2057%	1h	2.6501	+0.341%	$83K	$148K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.1407%	1h	2.6511	+0.379%	$11K	$911	10x	as long as short
01 Exchange MORPHOUSDlong	−0.0872%	1h	2.6411	long leg	$868	$12K	5x
Polymarket Perps MORPHO-USD	−0.0429%	1h	2.6514	+0.390%	$26K	$1.8M	5x	as long as short
Injective MORPHO/USDC PERP	−0.0385%	1h	2.6610	+0.753%	$37	$198K	5.5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0344%	4h	2.6601	+0.720%	$30K	$154K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0296%	1h	2.6617	+0.780%	$77K	$46K	25x	as long as short
Bybit MORPHOUSDT	−0.0291%	4h	2.6496	+0.322%	$8.6M	$9.9M	25x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6528	+0.443%	$646K	$222K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0170%	4h	2.6519	+0.409%	$10K	$34K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDT	−0.0144%	4h	2.6525	+0.432%	$773K	$548K	50x	as long as short
Phoenix MORPHO	−0.0030%	1h	2.6639	+0.863%	$34K	$493K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6520	+0.412%	$16	—	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6556	+0.549%	$317K	$336K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6459	+0.182%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6558	+0.557%	$6.2M	$7.2M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6558	+0.557%	$58K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6497	+0.327%	$16.2M	$26.7M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6524	+0.428%	$3.2M	$4.5M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6502	+0.345%	$5.5M	$1.2M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6573	+0.613%	$623K	$269K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6525	+0.432%	$2.9M	$1.9M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6505	+0.356%	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6594	+0.692%	$647K	$1.2M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6518	+0.405%	$22K	$3K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6493	+0.310%	$103K	$301K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0188% / S −12.8197%	1h	2.6551	+0.528%	$1K	—	100x	as long as short