Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against MEXC+0.161%7-day average +0.265% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.522%+$52 · spread now +0.161%, 7d avg +0.265%
=Together, before fees+0.605%+ Points / potential airdropLighter: Season 3 · farm board+$60 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 0.104% cheaper against MEXC than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.265%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6451 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $5.3M | $1.1M | 100x |
| Short | Lighter MORPHO | 2.6494 | 0.0096 | get 0.0012% / 1h | 49m 44s | $315K | $335K | 5x |
MEXC MORPHO_USDT
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against MEXC. 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% → +0.265%
- −$10.44
- Slippage, 4 orders
- −$35.12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$50.4
- Costs to cover
- 0.391%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Lighter: 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 MEXC live order book, 3 min ago | 1.32 bp | 6.9 bp −$7 | 40.7 bp −$407 | 202.0 bp −$20.2K | doesn't fit |
| Sell Lighter live order book, 33 min ago | 7.10 bp | 7.1 bp −$7 | 138.0 bp −$1,380 | 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 | −0.2068% | 1h | 2.6360 | −0.344% | $82K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1563% | 1h | 2.6429 | −0.083% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1320% | 1h | 2.6530 | +0.299% | $872 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0646% | 4h | 2.6664 | +0.806% | $41K | $151K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0596% | 1h | 2.6584 | +0.503% | $25K | $1.9M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6670 | +0.828% | $38K | $142K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6445 | −0.023% | $76K | $46K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0263% | 4h | 2.6470 | +0.072% | $8.6M | $10.1M | 25x | as long as short |
| Gate MORPHO_USDT | −0.0232% | 4h | 2.6458 | +0.026% | $757K | $521K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6622 | +0.646% | $652K | $205K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Gate MORPHO_USDT
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0194% | 4h | 2.6446 | −0.019% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6664 | +0.805% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6498 | +0.179% | $16 | — | 10x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6494 | +0.161% | $315K | $335K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6471 | +0.074% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6493 | +0.159% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6471 | +0.077% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6453 | +0.008% | $16.2M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6459 | +0.030% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDTlong | +0.0100% | 4h | 2.6451 | long leg | $5.3M | $1.1M | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6440 | −0.042% | $596K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6455 | +0.015% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6457 | +0.023% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6630 | +0.677% | $647K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6400 | −0.193% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6450 | −0.002% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6449 | −0.009% | $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
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]