Funding you earn now, next payment 12:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.238%
Price spread now: Reya against 01 Exchange+0.121%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
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Reya is 0.121% dearer against 01 Exchange than usual: you sell high and buy low: +$12 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 | 01 Exchange MORPHOUSD | 2.5640 | −0.0448 | get 0.0056% / 1h | 49m 51s | $22K | $30K | 5x |
| Short | Reya MORPHORUSDPERP | 2.5671 | −0.0005 | pay 0.0001% / 1h | 49m 51s | $15 | — | 10x |
01 Exchange MORPHOUSD
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $93.1
- Price spread: +0.121% → 0.000%
- $12.05
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $92.15
- Costs to cover
- 0.130%
- Break-even
- 0.1 days
Slippage unknown: 01 Exchange: no order-book sample; Reya: 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
01 Exchange and 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1768% | 1h | 2.5622 | −0.070% | $50K | $54K | 25x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.0608% | 1h | 2.5643 | +0.012% | $85K | $154K | 20x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0448% | 1h | 2.5640 | long leg | $22K | $30K | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0270% | 4h | 2.5621 | −0.073% | $30K | $122K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0256% | 1h | 2.5662 | +0.086% | $10K | $3K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0232% | 4h | 2.5660 | +0.078% | $10K | $11K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5601 | −0.152% | $627K | $228K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.0174% | 4h | 2.5650 | +0.039% | $7.7M | $7.2M | 25x | as long as short |
| Phoenix MORPHO | −0.0062% | 1h | 2.5644 | +0.016% | $33K | $278K | 5x | as long as short |
| Variational Omni MORPHO | −0.0045% | 4h | 2.5623 | −0.065% | $609K | $202K | — | as long as short |
Coinbase International MORPHO-PERP-INTX
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Deribit MORPHO_USDC-PERPETUAL
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDT
Bybit MORPHOUSDT
Phoenix MORPHO
Variational Omni MORPHOShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERPshort | −0.0005% | 1h | 2.5671 | +0.121% | $15 | — | 10x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +3.081% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5671 | +0.122% | $307K | $183K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5625 | −0.058% | $5K | $200 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5651 | +0.043% | $5.9M | $5.4M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5658 | +0.070% | $56K | $51K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5621 | −0.073% | $15.2M | $21.7M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5626 | −0.055% | $3.1M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5646 | +0.023% | $753K | $384K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5634 | −0.023% | $6.5M | $972K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5662 | +0.086% | $590K | $253K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5646 | +0.023% | $2.7M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5624 | −0.062% | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5687 | +0.183% | $22K | $1.0M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5660 | +0.078% | $21K | $5K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5632 | −0.031% | $105K | $543K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0356% / S −154.7372% | 1h | 2.5694 | +0.210% | $11K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]