Funding you earn now, next payment 22:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.060%
Price spread now: BloFin against Lighter−0.083%7-day average −0.233% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 7 days+0.318%+$32 on $10k
+Price spread, last 3 days (all we have)−0.478%−$48 · spread now −0.083%, 7d avg −0.233%
=Together, before fees−0.161%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.150% dearer against Lighter than usual: you sell high and buy low (spread −0.083% now, against its 7-day average of −0.233%): +$15 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 7 days funding on this pair paid +0.318%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6670 | 0.0096 | pay 0.0012% / 1h | 53m 05s | $317K | $335K | 5x |
| Short | BloFin MORPHO-USDT | 2.6648 | −0.0200 | pay 0.0100% / 4h | 2h 53m | $653K | $205K | 20x |
Lighter MORPHO
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$62.16
- Price spread: −0.083% → −0.233%
- $15.04
- Slippage, 4 orders
- −$43.25
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$102.37
- Costs to cover
- 0.552%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 30 min ago; BloFin: live order book, 33 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, 30 min ago | 7.10 bp | 18.2 bp −$18 | 146.3 bp −$1,463 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 33 min ago | 3.34 bp | 10.3 bp −$10 | 26.4 bp −$264 | 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 | −0.2050% | 1h | 2.6596 | −0.277% | $83K | $147K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1400% | 1h | 2.6554 | −0.435% | $873 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1324% | 1h | 2.6650 | −0.075% | $10K | $623 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0646% | 4h | 2.6664 | −0.022% | $41K | $151K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0623% | 1h | 2.6653 | −0.064% | $25K | $2.0M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6670 | 0.000% | $38K | $142K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0356% | 4h | 2.6657 | −0.049% | $8.8M | $10.0M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6813 | +0.536% | $77K | $46K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0234% | 4h | 2.6656 | −0.053% | $761K | $517K | 50x | as long as short |
| BloFin MORPHO-USDTshort | −0.0200% | 4h | 2.6648 | −0.083% | $653K | $205K | 20x |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0196% | 4h | 2.6642 | −0.105% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6664 | −0.023% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6665 | −0.021% | $16 | — | 10x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.6670 | long leg | $317K | $335K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6652 | −0.068% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6677 | +0.025% | $6.3M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6631 | −0.146% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6622 | −0.180% | $16.3M | $26.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6658 | −0.045% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6621 | −0.184% | $5.4M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6645 | −0.094% | $601K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6639 | −0.117% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6644 | −0.098% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6700 | +0.112% | $649K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6638 | −0.120% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6634 | −0.134% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6681 | +0.042% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance 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]