Funding you earn now, next payment 00:00 UTC+0.0324%/8h= +35.5% APRnext payment +$1.62 per $10,000 · paid last 24h +0.060%
Price spread now: Bitget against BloFin+0.227%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$860.864% of the position
Funding, last 7 days−0.384%−$38 on $10k
+Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.227%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.245% dearer against BloFin than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.384%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6400 | −0.0224 | get 0.0112% / 4h | 1h 00m | $639K | $249K | 20x |
| Short | Bitget MORPHOUSDT | 2.6460 | 0.0100 | get 0.0050% / 4h | 1h 00m | $2.9M | $1.8M | 75x |
BloFin MORPHO-USDT
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. 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
- $68.04
- Price spread: +0.227% → −0.018%
- $24.52
- Slippage, 4 orders
- −$62.45
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $6.11
- Costs to cover
- 0.864%
- Break-even
- 6.4 days
Slippage from BloFin: live order book, 15 min ago; Bitget: live order book, 2 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 BloFin live order book, 15 min ago | 2.84 bp | 15.5 bp −$15 | 30.1 bp −$301 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.97 bp | 27.7 bp −$28 | 71.6 bp −$716 | 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 | −0.1859% | 1h | 2.6398 | −0.007% | $81K | $148K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1160% | 1h | 2.6375 | −0.095% | $867 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1149% | 1h | 2.6420 | +0.076% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0674% | 1h | 2.6424 | +0.091% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0576% | 4h | 2.6390 | −0.038% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0404% | 4h | 2.6460 | +0.227% | $8.4M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.114% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6434 | +0.129% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDTlong | −0.0224% | 4h | 2.6400 | long leg | $639K | $249K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6421 | +0.080% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0118% | 4h | 2.6458 | +0.220% | $768K | $534K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6447 | +0.178% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0080% | 4h | 2.6401 | +0.005% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6420 | +0.077% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6443 | +0.162% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0016% | 4h | 2.6447 | +0.178% | $16.1M | $25.8M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0016% | 4h | 2.6442 | +0.159% | $5.4M | $1.1M | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6464 | +0.241% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6423 | +0.089% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6519 | +0.451% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6452 | +0.197% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6456 | +0.212% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6439 | +0.148% | $591K | $269K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.6460 | +0.227% | $2.9M | $1.8M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6467 | +0.254% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6420 | +0.076% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6452 | +0.196% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Lighter MORPHO
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]