Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%
Price spread now: Binance against Hyperliquid−0.199%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.199%, 7d avg −0.155%
=Together, before fees+0.055%+ Points / potential airdropHyperliquid: Season 2 · 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: Binance is 0.044% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.155%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MORPHO | 2.6084 | 0.0100 | pay 0.0013% / 1h | 6m 54s | $6.0M | $6.8M | 5x |
| Short | Binance MORPHOUSDT | 2.6032 | 0.0100 | get 0.0050% / 4h | 6m 54s | $15.8M | $24.8M | 75x |
Hyperliquid MORPHO
Binance MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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: −0.199% → −0.155%
- −$4.43
- Slippage, 4 orders
- −$47.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$71.03
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Binance: live order book, 4 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 Hyperliquid live order book, 5 min ago | 3.06 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.77 bp | 16.5 bp −$16 | 40.1 bp −$401 | 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 | −0.1665% | 1h | 2.6025 | −0.225% | $81K | $127K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1551% | 1h | 2.6055 | −0.111% | $11K | $1K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1000% | 1h | 2.5977 | −0.410% | $854 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0276% | 4h | 2.6069 | −0.058% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6092 | +0.031% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6040 | −0.169% | $637K | $241K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0156% | 1h | 2.6065 | −0.073% | $25K | $1.6M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0141% | 4h | 2.6054 | −0.115% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6047 | −0.142% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6113 | +0.111% | $43K | $370K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.326% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0042% | 4h | 2.6038 | −0.176% | $762K | $483K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6088 | +0.014% | $313K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6037 | −0.179% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHOlong | +0.0100% | 1h | 2.6084 | long leg | $6.0M | $6.8M | 5x | |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6061 | −0.090% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDTshort | +0.0100% | 4h | 2.6032 | −0.199% | $15.8M | $24.8M | 75x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6040 | −0.169% | $8.1M | $8.7M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6070 | −0.054% | $3.2M | $4.2M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6036 | −0.184% | $5.9M | $833K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6064 | −0.077% | $593K | $252K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6039 | −0.173% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6046 | −0.146% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6095 | +0.043% | $622K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6048 | −0.138% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6019 | −0.250% | $100K | $348K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6092 | +0.030% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Bybit 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]