Funding you earn now, next payment 05:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.121%
Price spread now: Hyperliquid against BloFin+0.165%67s7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$650.652% of the position
Funding, last 7 days−0.310%−$31 on $10k
+Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.165%, 7d avg +0.154%
=Together, before fees−0.293%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.154%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.310%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6033 | −0.0200 | get 0.0100% / 4h | 3h 34m | $636K | $241K | 20x |
| Short | Hyperliquid MORPHO | 2.6076 | 0.0100 | get 0.0013% / 1h | 34m 02s | $6.0M | $6.8M | 5x |
BloFin MORPHO-USDT
Hyperliquid MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $63
- Price spread: +0.165% → +0.154%
- $1.12
- Slippage, 4 orders
- −$44.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$1.07
- Costs to cover
- 0.652%
- Break-even
- 7.1 days
Slippage from BloFin: live order book, 62 min ago; Hyperliquid: live order book, 8 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, 62 min ago | 3.85 bp | 16.8 bp −$17 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.19 bp | 15.2 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 | −0.2172% | 1h | 2.5987 | −0.176% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1362% | 1h | 2.6009 | −0.092% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0920% | 1h | 2.5983 | −0.192% | $854 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0570% | 4h | 2.5991 | −0.162% | $34K | $140K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0234% | 4h | 2.6040 | +0.027% | $8.1M | $8.5M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0218% | 1h | 2.6045 | +0.046% | $24K | $1.5M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6099 | +0.254% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.6033 | long leg | $636K | $241K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0135% | 4h | 2.6042 | +0.035% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6048 | +0.058% | $43K | $337K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6025 | −0.029% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.525% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0036% | 4h | 2.6029 | −0.015% | $763K | $470K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6048 | +0.056% | $313K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6027 | −0.024% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHOshort | +0.0100% | 1h | 2.6076 | +0.165% | $6.0M | $6.8M | 5x | |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6057 | +0.093% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6016 | −0.065% | $15.7M | $24.0M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6040 | +0.027% | $3.2M | $4.0M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6015 | −0.069% | $6.0M | $836K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6055 | +0.085% | $599K | $248K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6015 | −0.069% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6024 | −0.035% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6050 | +0.067% | $622K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6008 | −0.096% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6008 | −0.095% | $101K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6057 | +0.092% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]