Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX−0.124%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.089%+$9 · spread now −0.124%, 7d avg −0.042%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.082% cheaper against BingX than usual: you would sell low and buy high, −$8 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 | 2.6612 | 0.0100 | pay 0.0050% / 4h | 2h 16m | — | $1.5M | — |
| Short | MEXC MORPHO_USDT | 2.6579 | 0.0100 | get 0.0050% / 4h | 2h 16m | $5.5M | $1.2M | 100x |
BingX MORPHO-USDT
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.124% → −0.042%
- −$8.19
- Slippage, 4 orders
- −$32.98
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$55.17
- Costs to cover
- 0.470%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; MEXC: live order book, 1 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 | 2.63 bp | 15.9 bp −$16 | 36.3 bp −$363 | 352.8 bp −$35.3K | 676.2 bp −$338.1K |
| Sell MEXC live order book, 1 min ago | 0.38 bp | 6.1 bp −$6 | 41.2 bp −$412 | 200.6 bp −$20.1K | 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 | −0.2050% | 1h | 2.6589 | −0.088% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1440% | 1h | 2.6588 | −0.090% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0840% | 1h | 2.6537 | −0.282% | $872 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0392% | 1h | 2.6584 | −0.105% | $26K | $1.8M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6610 | −0.008% | $37 | $198K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0334% | 4h | 2.6613 | +0.003% | $30K | $154K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6617 | +0.019% | $77K | $46K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6592 | −0.075% | $644K | $223K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0170% | 4h | 2.6586 | −0.098% | $10K | $34K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0102% | 4h | 2.6591 | −0.079% | $8.6M | $9.9M | 25x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Bybit MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0096% | 4h | 2.6596 | −0.060% | $770K | $527K | 50x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6655 | +0.162% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6595 | −0.063% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6631 | +0.073% | $317K | $336K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6575 | −0.138% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6638 | +0.098% | $6.3M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6596 | −0.058% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6572 | −0.149% | $16.3M | $26.7M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6608 | −0.015% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDTshort | +0.0100% | 4h | 2.6579 | −0.124% | $5.5M | $1.2M | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6600 | −0.045% | $623K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6585 | −0.101% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDTlong | +0.0100% | 4h | 2.6612 | long leg | — | $1.5M | — | |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6639 | +0.100% | $647K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6591 | −0.079% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6576 | −0.134% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6615 | +0.013% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]