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: BingX against Bitget0.000%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$850.851% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now 0.000%, 7d avg +0.046%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.046% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.6524 | 0.0100 | pay 0.0050% / 4h | 2h 42m | $2.9M | $2.0M | 75x |
| Short | BingX MORPHO-USDT | 2.6524 | 0.0100 | get 0.0050% / 4h | 2h 42m | — | $1.5M | — |
Bitget MORPHOUSDT
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: 0.000% → +0.046%
- −$4.63
- Slippage, 4 orders
- −$63.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$89.68
- Costs to cover
- 0.851%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 5 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 Bitget live order book, 5 min ago | 6.79 bp | 24.8 bp −$25 | 103.2 bp −$1,032 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.83 bp | 19.2 bp −$19 | 42.3 bp −$423 | 185.7 bp −$18.6K | 522.3 bp −$261.2K |
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 | −0.2058% | 1h | 2.6486 | −0.144% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1143% | 1h | 2.6525 | +0.004% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1080% | 1h | 2.6488 | −0.136% | $870 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0565% | 1h | 2.6535 | +0.041% | $26K | $1.9M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0550% | 4h | 2.6452 | −0.273% | $29K | $162K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6460 | −0.241% | $37 | $161K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6527 | +0.011% | $76K | $46K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6496 | −0.106% | $652K | $221K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0184% | 4h | 2.6522 | −0.008% | $10K | $34K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0176% | 4h | 2.6520 | −0.015% | $8.6M | $10.1M | 25x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC 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 | −0.0134% | 4h | 2.6532 | +0.030% | $761K | $523K | 50x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6479 | −0.170% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6534 | +0.038% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6589 | +0.245% | $317K | $336K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6532 | +0.029% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6563 | +0.147% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6550 | +0.097% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6494 | −0.113% | $16.2M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6523 | −0.004% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6496 | −0.106% | $5.3M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6519 | −0.019% | $622K | $271K | 50x | as long as short |
| Bitget MORPHOUSDTlong | +0.0100% | 4h | 2.6524 | long leg | $2.9M | $2.0M | 75x | |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6524 | 0.000% | — | $1.5M | — | |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6515 | −0.033% | $643K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6511 | −0.049% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6496 | −0.106% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6557 | +0.125% | $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
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]