Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%
Price spread now: Bitget against Hyperliquid−0.112%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days+0.023%+$2 · spread now −0.112%, 7d avg −0.158%
=Together, before fees−0.014%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 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: Bitget is 0.046% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.158%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MORPHO | 2.5835 | 0.0100 | pay 0.0013% / 1h | 32m 54s | $5.9M | $6.8M | 5x |
| Short | Bitget MORPHOUSDT | 2.5806 | 0.0100 | get 0.0050% / 4h | 2h 32m | $2.8M | $1.6M | 75x |
Hyperliquid MORPHO
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.112% → −0.158%
- $4.58
- Slippage, 4 orders
- −$48.61
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$65.04
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Bitget: live order book, 5 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, 9 min ago | 1.35 bp | 11.2 bp −$11 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.32 bp | 21.6 bp −$22 | 72.1 bp −$721 | 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 | −0.1565% | 1h | 2.5789 | −0.179% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1221% | 1h | 2.5789 | −0.178% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0888% | 1h | 2.5756 | −0.306% | $846 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0394% | 4h | 2.5854 | +0.074% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5827 | −0.031% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0177% | 4h | 2.5803 | −0.124% | $634K | $241K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5858 | +0.089% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5789 | −0.178% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5793 | −0.162% | $15 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0016% | 1h | 2.5809 | −0.101% | $25K | $1.5M | 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
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow 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 | +2.303% | $37 | $242K | 5.5x | as long as short |
| Extended MORPHO-USD | +0.0088% | 1h | 2.5790 | −0.173% | $103K | $343K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0088% | 4h | 2.5795 | −0.155% | $6.2M | $909K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0089% | 4h | 2.5794 | −0.159% | $15.6M | $24.1M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5836 | +0.003% | $311K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5790 | −0.173% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHOlong | +0.0100% | 1h | 2.5835 | long leg | $5.9M | $6.8M | 5x | |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5807 | −0.108% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5810 | −0.097% | $7.9M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5829 | −0.023% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5803 | −0.124% | $766K | $487K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5831 | −0.015% | $593K | $246K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.5806 | −0.112% | $2.8M | $1.6M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5814 | −0.081% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5866 | +0.120% | $615K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5794 | −0.159% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S +0.0037% | 1h | 2.5817 | −0.068% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]