Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against KuCoin+0.066%7-day average +0.198% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$1991.990% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 4 days (all we have)+0.492%+$49 · spread now +0.066%, 7d avg +0.198%
=Together, before fees+0.567%+ Points / potential airdropLighter: Season 3 · farm board+$57 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: Lighter is 0.132% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.198%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.5893 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $595K | $246K | 50x |
| Short | Lighter MORPHO | 2.5910 | 0.0096 | get 0.0012% / 1h | 21m 34s | $312K | $295K | 5x |
KuCoin MORPHOUSDTM
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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: +0.066% → +0.198%
- −$13.22
- Slippage, 4 orders
- −$187.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$213.09
- Costs to cover
- 1.990%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 37 min ago; Lighter: live order book, 18 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 KuCoin live order book, 37 min ago | 15.21 bp | 63.3 bp −$63 | 199.6 bp −$1,996 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 18 min ago | 7.64 bp | 10.9 bp −$11 | 141.7 bp −$1,417 | 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 | −0.1560% | 1h | 2.5868 | −0.096% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1217% | 1h | 2.5869 | −0.093% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0848% | 1h | 2.5859 | −0.131% | $850 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0340% | 4h | 2.5827 | −0.256% | $32K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5836 | −0.220% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0196% | 4h | 2.5837 | −0.216% | $631K | $238K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5885 | −0.031% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5860 | −0.127% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5876 | −0.066% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0032% | 1h | 2.5882 | −0.042% | $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 | +2.074% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.5910 | +0.066% | $312K | $295K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5903 | +0.040% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5900 | +0.027% | $5.9M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5877 | −0.063% | $57K | $31K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5870 | −0.089% | $15.6M | $24.1M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5895 | +0.008% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5897 | +0.015% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5874 | −0.073% | $756K | $497K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5871 | −0.085% | $6.2M | $911K | 100x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.5893 | long leg | $595K | $246K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5878 | −0.058% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5892 | −0.004% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5836 | −0.221% | $614K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5870 | −0.089% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5861 | −0.123% | $103K | $343K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0148% / S +0.0039% | 1h | 2.5881 | −0.047% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]