Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: Bitget against Lighter−0.161%7-day average −0.260% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1101.096% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)−0.401%−$40 · spread now −0.161%, 7d avg −0.260%
=Together, before fees−0.467%+ Points / potential airdropLighter: Season 3 · farm board−$47 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 0.099% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.260%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.5939 | 0.0096 | pay 0.0012% / 1h | 9m 05s | $312K | $294K | 5x |
| Short | Bitget MORPHOUSDT | 2.5897 | 0.0100 | get 0.0050% / 4h | 3h 09m | $2.8M | $1.6M | 75x |
Lighter MORPHO
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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: −0.161% → −0.260%
- $9.93
- Slippage, 4 orders
- −$97.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$98.82
- Costs to cover
- 1.096%
- Break-even
- 830.5 days
Slippage from Lighter: live order book, 35 min ago; Bitget: 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 Lighter live order book, 35 min ago | 26.48 bp | 30.8 bp −$31 | 159.8 bp −$1,598 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.50 bp | 26.7 bp −$27 | 74.5 bp −$745 | 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 | −0.2180% | 1h | 2.5896 | −0.164% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1563% | 1h | 2.5879 | −0.230% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0976% | 1h | 2.5851 | −0.338% | $849 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0514% | 4h | 2.5967 | +0.108% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5993 | +0.209% | $74K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5880 | −0.226% | $632K | $244K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0163% | 1h | 2.5931 | −0.030% | $24K | $1.5M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0134% | 4h | 2.5904 | −0.134% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6000 | +0.236% | $43K | $337K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5908 | −0.119% | $16 | — | 10x | 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
Phoenix MORPHO
Reya MORPHORUSDPERPShow 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 | +1.894% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.5939 | long leg | $312K | $294K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5942 | +0.013% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5954 | +0.060% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5919 | −0.077% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5892 | −0.180% | $15.6M | $24.0M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5910 | −0.111% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5921 | −0.068% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5902 | −0.141% | $770K | $483K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5889 | −0.192% | $6.0M | $840K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5935 | −0.014% | $595K | $246K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.5897 | −0.161% | $2.8M | $1.6M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5907 | −0.122% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5970 | +0.121% | $619K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5899 | −0.153% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5893 | −0.177% | $99K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5930 | −0.034% | $1K | — | 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
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]