Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%
Price spread now: BingX against Extended+0.080%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$790.790% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now +0.080%, 7d avg +0.057%
=Together, before fees+0.062%+ Points / potential airdropExtended: Active · farm board+$6 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: BingX is 0.023% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.057%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6526 | 0.0104 | pay 0.0013% / 1h | 56m 45s | $103K | $301K | 10x |
| Short | BingX MORPHO-USDT | 2.6547 | 0.0100 | get 0.0050% / 4h | 1h 56m | — | $1.5M | — |
Extended MORPHO-USD
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Extended. 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: +0.080% → +0.057%
- $2.33
- Slippage, 4 orders
- −$64.05
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77.55
- Costs to cover
- 0.790%
- Break-even
- never at this rate
Slippage from Extended: live order book, 26 min ago; BingX: live order book, 3 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 Extended live order book, 26 min ago | 2.07 bp | 21.5 bp −$21 | 167.1 bp −$1,671 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.64 bp | 18.0 bp −$18 | 39.9 bp −$399 | 230.2 bp −$23.0K | 550.3 bp −$275.1K |
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 | −0.167% | $83K | $148K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1288% | 1h | 2.6425 | −0.380% | $868 | $13K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1105% | 1h | 2.6537 | +0.042% | $11K | $911 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0684% | 1h | 2.6513 | −0.048% | $26K | $1.8M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0644% | 4h | 2.6550 | +0.091% | $8.6M | $9.6M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6520 | −0.020% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6610 | +0.318% | $37 | $198K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6617 | +0.344% | $77K | $45K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0224% | 4h | 2.6508 | −0.067% | $773K | $530K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6503 | −0.086% | $646K | $246K | 20x | 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
Gate MORPHO_USDT
BloFin MORPHO-USDTShow 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 | +0.027% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6528 | +0.008% | $34K | $484K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6518 | −0.028% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6597 | +0.269% | $316K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6551 | +0.096% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6583 | +0.218% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6558 | +0.122% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6550 | +0.091% | $16.2M | $26.2M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6565 | +0.148% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6549 | +0.088% | $5.5M | $1.0M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6526 | +0.001% | $620K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6534 | +0.031% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6547 | +0.080% | — | $1.5M | — | |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6529 | +0.013% | $644K | $1.2M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6523 | −0.010% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USDlong | +0.0104% | 1h | 2.6526 | long leg | $103K | $301K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6551 | +0.094% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]