Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against BingX−0.073%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.073%, 7d avg −0.042%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.031% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.6045 | 0.0100 | pay 0.0050% / 4h | 3h 34m | — | $1.4M | — |
| Short | Binance MORPHOUSDT | 2.6026 | 0.0100 | get 0.0050% / 4h | 3h 34m | $15.7M | $24.0M | 75x |
BingX MORPHO-USDT
Binance MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $0
- Price spread: −0.073% → −0.042%
- −$3.14
- Slippage, 4 orders
- −$40.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$63.54
- Costs to cover
- 0.604%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; Binance: live order book, 6 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 BingX live order book, 11 min ago | 1.92 bp | 16.2 bp −$16 | 36.8 bp −$368 | 383.4 bp −$38.3K | 712.8 bp −$356.4K |
| Sell Binance live order book, 6 min ago | 0.58 bp | 15.8 bp −$16 | 39.5 bp −$395 | 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 | −0.2170% | 1h | 2.6016 | −0.113% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1361% | 1h | 2.6036 | −0.035% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0920% | 1h | 2.5983 | −0.238% | $854 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0570% | 4h | 2.5991 | −0.208% | $34K | $140K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0234% | 4h | 2.6040 | −0.019% | $8.1M | $8.5M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0218% | 1h | 2.6045 | 0.000% | $24K | $1.5M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6099 | +0.207% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6033 | −0.046% | $636K | $241K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0134% | 4h | 2.6043 | −0.008% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6048 | +0.012% | $43K | $337K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6025 | −0.075% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.478% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0036% | 4h | 2.6063 | +0.069% | $765K | $470K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6062 | +0.067% | $313K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6027 | −0.070% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6087 | +0.161% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6074 | +0.112% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDTshort | +0.0100% | 4h | 2.6026 | −0.073% | $15.7M | $24.0M | 75x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6046 | +0.004% | $3.2M | $4.0M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6026 | −0.073% | $6.0M | $834K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6069 | +0.092% | $600K | $248K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6027 | −0.069% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDTlong | +0.0100% | 4h | 2.6045 | long leg | — | $1.4M | — | |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6050 | +0.021% | $622K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6033 | −0.046% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6026 | −0.071% | $101K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6072 | +0.103% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]