Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Extended against BingX−0.071%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$780.782% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 7 days−0.270%−$27 · spread now −0.071%, 7d avg −0.056%
=Together, before fees−0.279%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.6347 | 0.0100 | pay 0.0050% / 4h | 2h 51m | — | $1.5M | — |
| Short | Extended MORPHO-USD | 2.6328 | 0.0104 | get 0.0013% / 1h | 51m 06s | $101K | $358K | 10x |
BingX MORPHO-USDT
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: −0.071% → −0.056%
- −$1.5
- Slippage, 4 orders
- −$63.22
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$78.88
- Costs to cover
- 0.782%
- Break-even
- 664.3 days
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 16 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, 10 min ago | 2.08 bp | 16.9 bp −$17 | 36.3 bp −$363 | 329.6 bp −$33.0K | 684.4 bp −$342.2K |
| Sell Extended live order book, 16 min ago | 3.19 bp | 23.1 bp −$23 | 250.2 bp −$2,502 | 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 | −0.1903% | 1h | 2.6325 | −0.085% | $80K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0736% | 1h | 2.6346 | −0.004% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0688% | 1h | 2.6342 | −0.019% | $866 | $10K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0234% | 4h | 2.6322 | −0.095% | $642K | $237K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6456 | +0.414% | $76K | $43K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0149% | 4h | 2.6327 | −0.076% | $10K | $34K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0116% | 4h | 2.6313 | −0.128% | $40K | $133K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0111% | 1h | 2.6335 | −0.046% | $47K | $1.8M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6326 | −0.079% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | +0.0004% | 4h | 2.6356 | +0.034% | $759K | $494K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
BloFin MORPHO-USDT
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERP
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | +0.0030% | 1h | 2.6277 | −0.266% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.315% | $37 | $242K | 5.5x | as long as short |
| Variational Omni MORPHO | +0.0062% | 4h | 2.6331 | −0.061% | $627K | $925K | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6466 | +0.452% | $317K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6338 | −0.034% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6400 | +0.201% | $6.2M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6335 | −0.046% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6365 | +0.070% | $15.9M | $25.2M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6351 | +0.015% | $8.3M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6354 | +0.027% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6340 | −0.027% | $5.5M | $873K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6359 | +0.046% | $595K | $257K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6358 | +0.042% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDTlong | +0.0100% | 4h | 2.6347 | long leg | — | $1.5M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6340 | −0.027% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USDshort | +0.0104% | 1h | 2.6328 | −0.071% | $101K | $358K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6354 | +0.027% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Injective MORPHO/USDC PERP
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]