Funding you earn now, next payment 23:00 UTC+0.0081%/8h= +8.8% APRpaid last 24h 0.000%
Price spread now: Lighter against Binance+0.218%7-day average +0.267% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$630.633% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now +0.218%, 7d avg +0.267%
=Together, before fees+0.331%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.050% cheaper against Binance than usual: you would sell low and buy high (spread +0.218% now, against its 7-day average of +0.267%). If the spread goes back, that is −$5 on $10k: about 2.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.083% in total) that is about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6435 | 0.0015 | pay 0.0008% / 4h | 1h 00m | $16.1M | $25.8M | 75x |
| Short | Lighter MORPHO | 2.6493 | 0.0096 | get 0.0012% / 1h | 0m 16s | $315K | $334K | 5x |
Binance MORPHOUSDT
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $16.97
- Price spread: +0.218% → +0.267%
- −$4.96
- Slippage, 4 orders
- −$53.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.31
- Costs to cover
- 0.633%
- Break-even
- 28.2 days
Slippage from Binance: live order book, 11 min ago; Lighter: live order book, 9 min ago.
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 Binance live order book, 11 min ago | 0.38 bp | 14.6 bp −$15 | 38.5 bp −$385 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 9 min ago | 13.48 bp | 16.1 bp −$16 | 154.3 bp −$1,543 | 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 | −0.1856% | 1h | 2.6437 | +0.006% | $81K | $148K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1160% | 1h | 2.6388 | −0.178% | $867 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1072% | 1h | 2.6443 | +0.030% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0674% | 1h | 2.6445 | +0.037% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0576% | 4h | 2.6390 | −0.171% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0399% | 4h | 2.6453 | +0.068% | $8.4M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.019% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6434 | −0.004% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0224% | 4h | 2.6400 | −0.133% | $639K | $249K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6442 | +0.026% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
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_USDT | −0.0116% | 4h | 2.6458 | +0.087% | $768K | $534K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6447 | +0.045% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0088% | 4h | 2.6431 | −0.014% | $628K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6444 | +0.033% | $16 | — | 10x | as long as short |
| Binance MORPHOUSDTlong | +0.0015% | 4h | 2.6435 | long leg | $16.1M | $25.8M | 75x | |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6430 | −0.021% | $103K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0016% | 4h | 2.6438 | +0.011% | $5.4M | $1.1M | 100x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6493 | +0.218% | $315K | $334K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6435 | +0.001% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6508 | +0.276% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6452 | +0.064% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6452 | +0.064% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6472 | +0.140% | $592K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6452 | +0.064% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6448 | +0.049% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6435 | 0.000% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6477 | +0.159% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]