Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%
Price spread now: Hyperliquid against BingX+0.245%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$590.591% of the position
Funding, last 7 days+0.035%+$3 on $10k
+Price spread, last 7 days−0.186%−$19 · spread now +0.245%, 7d avg +0.111%
=Together, before fees−0.152%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.134% dearer against BingX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.111%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.6511 | 0.0100 | pay 0.0050% / 4h | 16m 31s | — | $1.4M | — |
| Short | Hyperliquid MORPHO | 2.6576 | 0.0100 | get 0.0013% / 1h | 16m 31s | $6.3M | $7.0M | 5x |
BingX MORPHO-USDT
Hyperliquid MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.245% → +0.111%
- $13.44
- Slippage, 4 orders
- −$40.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$45.7
- Costs to cover
- 0.591%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Hyperliquid: 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, 15 min ago | 2.08 bp | 15.4 bp −$15 | 36.2 bp −$362 | 322.4 bp −$32.2K | 690.5 bp −$345.2K |
| Sell Hyperliquid live order book, 6 min ago | 1.32 bp | 14.6 bp −$15 | doesn't fit | 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 | −0.1755% | 1h | 2.6496 | −0.056% | $81K | $143K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0856% | 1h | 2.6474 | −0.140% | $870 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0730% | 1h | 2.6503 | −0.030% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0490% | 4h | 2.6537 | +0.099% | $41K | $145K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0462% | 1h | 2.6507 | −0.015% | $28K | $1.7M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.306% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6555 | +0.166% | $76K | $43K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0347% | 4h | 2.6500 | −0.041% | $8.4M | $9.2M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0209% | 4h | 2.6538 | +0.102% | $637K | $253K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6494 | −0.064% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MORPHO | −0.0144% | 4h | 2.6501 | −0.036% | $630K | $1.0M | — | as long as short |
| Gate MORPHO_USDT | −0.0072% | 4h | 2.6524 | +0.049% | $771K | $532K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6556 | +0.170% | $44K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6503 | −0.031% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0030% | 4h | 2.6507 | −0.015% | $5.5M | $961K | 100x | as long as short |
| Extended MORPHO-USD | +0.0032% | 1h | 2.6515 | +0.016% | $103K | $298K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0036% | 4h | 2.6516 | +0.019% | $16.0M | $26.0M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6569 | +0.220% | $316K | $331K | 5x | as long as short |
| Aster MORPHOUSDT | +0.0097% | 4h | 2.6516 | +0.018% | $58K | $30K | 20x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6528 | +0.063% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHOshort | +0.0100% | 1h | 2.6576 | +0.245% | $6.3M | $7.0M | 5x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6514 | +0.011% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6532 | +0.079% | $594K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6527 | +0.060% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDTlong | +0.0100% | 4h | 2.6511 | long leg | — | $1.4M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6516 | +0.019% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6519 | +0.029% | $1K | — | 100x | as long as short |
Variational Omni MORPHO
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Binance MORPHOUSDT
Lighter MORPHO
Aster MORPHOUSDT
Paradex MORPHO-USD-PERP
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]