MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0771%/8h= +84.5% APRnext payment +$3.86 per $10,000 · paid last 24h +0.009%

Price spread now: Bitget against Bybit−0.019%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$850.851% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.114%−$11 · spread now −0.019%, 7d avg −0.097%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Bitget is 0.079% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.097%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MORPHOUSDT	2.6540	−0.0671	get 0.0336% / 4h	1h 57m	$8.6M	$9.6M	25x
Short	Bitget MORPHOUSDT	2.6535	0.0100	get 0.0050% / 4h	1h 57m	$2.9M	$1.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: $161.98
Price spread: −0.019% → −0.097%: $7.86
Slippage, 4 orders: −$62.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: $84.76
Costs to cover: 0.851%
Break-even: 3.3 days

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, just now.

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 Bybit live order book, 1 min ago	3.77 bp	19.7 bp −$20	83.9 bp −$839	doesn't fit	doesn't fit
Sell Bitget live order book, just now	4.33 bp	23.2 bp −$23	78.6 bp −$786	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	−0.1853%	1h	2.6481	−0.221%	$83K	$148K	20x	as long as short
01 Exchange MORPHOUSD	−0.1288%	1h	2.6425	−0.433%	$868	$13K	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1105%	1h	2.6537	−0.011%	$11K	$911	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0684%	1h	2.6513	−0.102%	$26K	$1.8M	5x	as long as short
Bybit MORPHOUSDTlong	−0.0671%	4h	2.6540	long leg	$8.6M	$9.6M	25x
GRVT MORPHO_USDT_Perp	−0.0544%	4h	2.6520	−0.074%	$29K	$154K	10x	as long as short
Injective MORPHO/USDC PERP	−0.0337%	1h	2.6610	+0.264%	$37	$198K	5.5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0312%	1h	2.6617	+0.290%	$77K	$45K	25x	as long as short
Gate MORPHO_USDT	−0.0224%	4h	2.6495	−0.170%	$772K	$530K	50x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6503	−0.139%	$646K	$246K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_MORPHO_USDC	−0.0164%	4h	2.6533	−0.026%	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0030%	1h	2.6528	−0.045%	$34K	$484K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6518	−0.081%	$16	—	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6567	+0.103%	$316K	$333K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6485	−0.208%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6548	+0.030%	$6.2M	$7.2M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6542	+0.009%	$58K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6517	−0.087%	$16.2M	$26.3M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6553	+0.049%	$3.2M	$4.4M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6500	−0.151%	$5.5M	$1.0M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6548	+0.030%	$620K	$266K	50x	as long as short
Bitget MORPHOUSDTshort	+0.0100%	4h	2.6535	−0.019%	$2.9M	$1.9M	75x
BingX MORPHO-USDT	+0.0100%	4h	2.6532	−0.030%	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6529	−0.041%	$644K	$1.2M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6523	−0.064%	$22K	$3K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6529	−0.042%	$103K	$301K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0188% / S −12.8197%	1h	2.6551	+0.041%	$1K	—	100x	as long as short