Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: MEXC against Lighter−0.077%7-day average −0.262% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)−0.488%−$49 · spread now −0.077%, 7d avg −0.262%
=Together, before fees−0.571%+ 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: MEXC is 0.185% dearer against Lighter than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.262%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6297 | 0.0096 | pay 0.0012% / 1h | 29m 15s | $316K | $309K | 5x |
| Short | MEXC MORPHO_USDT | 2.6277 | 0.0100 | get 0.0050% / 4h | 29m 15s | $6.0M | $816K | 100x |
Lighter MORPHO
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.077% → −0.262%
- $18.45
- Slippage, 4 orders
- −$44.75
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$29.46
- Costs to cover
- 0.488%
- Break-even
- 252.5 days
Slippage from Lighter: live order book, 20 min ago; MEXC: 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, 20 min ago | 13.29 bp | 19.6 bp −$20 | 181.3 bp −$1,813 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.95 bp | 6.8 bp −$7 | 33.4 bp −$334 | 191.0 bp −$19.1K | 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 | −0.1650% | 1h | 2.6258 | −0.150% | $82K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1000% | 1h | 2.6234 | −0.241% | $862 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0815% | 1h | 2.6269 | −0.108% | $11K | $969 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0266% | 4h | 2.6210 | −0.332% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6294 | −0.013% | $75K | $42K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0205% | 1h | 2.6285 | −0.047% | $25K | $1.6M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6261 | −0.138% | $637K | $243K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6274 | −0.089% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6273 | −0.093% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6250 | −0.180% | $43K | $370K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | +0.0026% | 4h | 2.6299 | +0.006% | $770K | $483K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.505% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.6297 | long leg | $316K | $309K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6279 | −0.069% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6319 | +0.083% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6303 | +0.023% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6258 | −0.149% | $15.9M | $25.0M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6283 | −0.054% | $8.2M | $8.9M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6274 | −0.089% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDTshort | +0.0100% | 4h | 2.6277 | −0.077% | $6.0M | $816K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6298 | +0.003% | $599K | $252K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6267 | −0.115% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6290 | −0.028% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6215 | −0.311% | $625K | $745K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6265 | −0.123% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6270 | −0.105% | $100K | $348K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6294 | −0.014% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]