Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%
Price spread now: OKX against Bybit+0.061%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$770.773% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days−0.120%−$12 · spread now +0.061%, 7d avg −0.047%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.108% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.6230 | 0.0100 | pay 0.0050% / 4h | 2h 31m | $8.3M | $9.3M | 25x |
| Short | OKX MORPHO-USDT-SWAP | 2.6246 | 0.0100 | get 0.0050% / 4h | 2h 31m | $3.2M | $4.3M | 20x |
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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: +0.061% → −0.047%
- $10.8
- Slippage, 4 orders
- −$56.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$66.52
- Costs to cover
- 0.773%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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 Bybit live order book, 1 min ago | 1.90 bp | 17.8 bp −$18 | 69.4 bp −$694 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.10 bp | 17.6 bp −$18 | 91.2 bp −$912 | doesn't fit | doesn't fit |
MORPHO on 26 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 | −0.1910% | 1h | 2.6233 | +0.013% | $80K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0520% | 1h | 2.6252 | +0.084% | $863 | $11K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0321% | 1h | 2.6260 | +0.114% | $11K | $785 | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6299 | +0.263% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0149% | 4h | 2.6239 | +0.034% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0139% | 1h | 2.6255 | +0.095% | $25K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0072% | 4h | 2.6212 | −0.070% | $32K | $142K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6259 | +0.111% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0030% | 1h | 2.6271 | +0.156% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.762% | $37 | $242K | 5.5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Reya MORPHORUSDPERP
Phoenix MORPHO
Injective MORPHO/USDC PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | +0.0056% | 4h | 2.6231 | +0.004% | $765K | $504K | 50x | as long as short |
| Variational Omni MORPHO | +0.0070% | 4h | 2.6236 | +0.023% | $624K | $920K | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6270 | +0.151% | $315K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6266 | +0.138% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6270 | +0.152% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6237 | +0.027% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6229 | −0.004% | $15.8M | $25.2M | 75x | as long as short |
| Bybit MORPHOUSDTlong | +0.0100% | 4h | 2.6230 | long leg | $8.3M | $9.3M | 25x | |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.6246 | +0.061% | $3.2M | $4.3M | 20x | |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6225 | −0.019% | $5.5M | $886K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6241 | +0.042% | $596K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6233 | +0.011% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6232 | +0.008% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6250 | +0.076% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6217 | −0.049% | $101K | $360K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6261 | +0.118% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]