Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against Bitget+0.127%7-day average +0.270% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$870.867% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.435%+$43 · spread now +0.127%, 7d avg +0.270%
=Together, before fees+0.501%+ Points / potential airdropLighter: Season 3 · farm board+$50 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: Lighter is 0.143% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.270%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.6452 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $2.9M | $1.9M | 75x |
| Short | Lighter MORPHO | 2.6486 | 0.0096 | get 0.0012% / 1h | 40m 48s | $315K | $333K | 5x |
Bitget MORPHOUSDT
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.127% → +0.270%
- −$14.31
- Slippage, 4 orders
- −$74.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$101.89
- Costs to cover
- 0.867%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 34 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, 2 min ago | 2.08 bp | 30.5 bp −$30 | 82.4 bp −$824 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 34 min ago | 14.65 bp | 16.9 bp −$17 | 164.1 bp −$1,641 | 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 | −0.1858% | 1h | 2.6410 | −0.160% | $82K | $150K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1152% | 1h | 2.6412 | −0.151% | $868 | $13K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1109% | 1h | 2.6447 | −0.019% | $11K | $911 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0616% | 1h | 2.6458 | +0.023% | $26K | $1.7M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0588% | 4h | 2.6456 | +0.015% | $8.5M | $9.5M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0572% | 4h | 2.6428 | −0.091% | $29K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.083% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6427 | −0.095% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0172% | 4h | 2.6465 | +0.049% | $641K | $245K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0160% | 4h | 2.6479 | +0.102% | $771K | $530K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0155% | 4h | 2.6442 | −0.038% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6514 | +0.234% | $34K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0014% | 4h | 2.6447 | −0.017% | $628K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6455 | +0.012% | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | +0.0086% | 4h | 2.6442 | −0.038% | $16.1M | $26.0M | 75x | as long as short |
| Extended MORPHO-USD | +0.0088% | 1h | 2.6438 | −0.054% | $103K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0088% | 4h | 2.6450 | −0.008% | $5.2M | $1.1M | 100x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6486 | +0.127% | $315K | $333K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6476 | +0.091% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6502 | +0.189% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6475 | +0.088% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6453 | +0.004% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6479 | +0.102% | $619K | $263K | 50x | as long as short |
| Bitget MORPHOUSDTlong | +0.0100% | 4h | 2.6452 | long leg | $2.9M | $1.9M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6453 | +0.004% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6438 | −0.053% | $22K | $3K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6490 | +0.144% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Binance MORPHOUSDT
Extended MORPHO-USD
MEXC MORPHO_USDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]