Funding you earn now, next payment 01:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.193%
Price spread now: MEXC against 01 Exchange−0.049%56s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. MEXC is 0.049% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$15 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange MORPHOUSD | 2.6682 | −0.0408 | get 0.0051% / 1h | 6m 45s | $877 | $13K | 5x |
| Short | MEXC MORPHO_USDT | 2.6669 | 0.0100 | get 0.0050% / 4h | 3h 06m | $5.6M | $906K | 100x |
01 Exchange MORPHOUSD
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $106.68
- Price spread: −0.049% → 0.000%
- −$4.87
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $90.81
- Costs to cover
- 0.110%
- Break-even
- 1.0 days
Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 6 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 MEXC live order book, 6 min ago | 0.38 bp | 5.4 bp −$5 | 42.3 bp −$423 | 205.9 bp −$20.6K | 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_MORPHOUSD | −0.1823% | 1h | 2.6662 | −0.076% | $81K | $125K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0835% | 1h | 2.6702 | +0.075% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0408% | 1h | 2.6682 | long leg | $877 | $13K | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6743 | +0.229% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6687 | +0.019% | $606K | $233K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6688 | +0.022% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6710 | +0.105% | $44K | $474K | 5x | as long as short |
| Variational Omni MORPHO | −0.0029% | 4h | 2.6676 | −0.024% | $636K | $926K | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6704 | +0.082% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0009% | 1h | 2.6708 | +0.097% | $25K | $1.7M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
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 | −0.944% | $37 | $242K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0056% | 4h | 2.6686 | +0.015% | $41K | $133K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6787 | +0.394% | $321K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6716 | +0.127% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6710 | +0.104% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6682 | +0.001% | $16.2M | $25.4M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6700 | +0.067% | $8.6M | $9.0M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6663 | −0.071% | $3.2M | $4.3M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6695 | +0.049% | $770K | $525K | 50x | as long as short |
| MEXC MORPHO_USDTshort | +0.0100% | 4h | 2.6669 | −0.049% | $5.6M | $906K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6709 | +0.101% | $601K | $262K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6699 | +0.064% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6698 | +0.060% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6704 | +0.082% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6679 | −0.010% | $102K | $362K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6713 | +0.118% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0355% | 1h | 2.6745 | +0.236% | $6.3M | $6.9M | 5x | as long as short |
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_Perp
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO