Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: KuCoin against Lighter−0.108%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1881.877% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)−0.478%−$48 · spread now −0.108%, 7d avg −0.206%
=Together, before fees−0.554%+ Points / potential airdropLighter: Season 3 · farm board−$55 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: KuCoin is 0.098% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.206%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6456 | 0.0096 | pay 0.0012% / 1h | 22m 00s | $315K | $334K | 5x |
| Short | KuCoin MORPHOUSDTM | 2.6427 | 0.0100 | get 0.0050% / 4h | 1h 22m | $591K | $268K | 50x |
Lighter MORPHO
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.108% → −0.206%
- $9.83
- Slippage, 4 orders
- −$175.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$177.04
- Costs to cover
- 1.877%
- Break-even
- 1482.3 days
Slippage from Lighter: live order book, 52 min ago; KuCoin: live order book, 51 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, 52 min ago | 14.65 bp | 19.9 bp −$20 | 169.4 bp −$1,694 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 51 min ago | 9.24 bp | 89.6 bp −$90 | 173.1 bp −$1,731 | 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 | −0.1861% | 1h | 2.6373 | −0.311% | $82K | $149K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1262% | 1h | 2.6419 | −0.138% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1192% | 1h | 2.6371 | −0.319% | $867 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0697% | 1h | 2.6416 | −0.149% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0600% | 4h | 2.6391 | −0.244% | $29K | $146K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0499% | 4h | 2.6457 | +0.006% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.096% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6413 | −0.161% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0205% | 4h | 2.6363 | −0.350% | $639K | $244K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0156% | 4h | 2.6405 | −0.191% | $767K | $533K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6409 | −0.176% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6424 | −0.119% | $34K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0077% | 4h | 2.6372 | −0.317% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6422 | −0.125% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0032% | 1h | 2.6406 | −0.187% | $102K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0034% | 4h | 2.6413 | −0.161% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0035% | 4h | 2.6436 | −0.076% | $16.1M | $25.8M | 75x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.6456 | long leg | $315K | $334K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6413 | −0.160% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6474 | +0.070% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6418 | −0.141% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6463 | +0.028% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6427 | −0.108% | $591K | $268K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6463 | +0.028% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6413 | −0.161% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6414 | −0.157% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6450 | −0.021% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]