Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against OKX−0.023%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$720.720% of the position
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.023%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.022% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6446 | 0.0100 | pay 0.0050% / 4h | 35m 16s | $3.2M | $4.4M | 20x |
| Short | BingX MORPHO-USDT | 2.6440 | 0.0100 | get 0.0050% / 4h | 35m 16s | — | $1.5M | — |
OKX MORPHO-USDT-SWAP
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- Price spread: −0.023% → 0.000%
- −$2.23
- Slippage, 4 orders
- −$52.01
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$74.23
- Costs to cover
- 0.720%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; BingX: live order book, 10 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 OKX live order book, 2 min ago | 0.75 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 3.20 bp | 14.5 bp −$15 | 29.3 bp −$293 | 188.7 bp −$18.9K | 683.9 bp −$342.0K |
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 | −0.1757% | 1h | 2.6460 | +0.054% | $82K | $140K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0921% | 1h | 2.6445 | −0.004% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0880% | 1h | 2.6365 | −0.306% | $866 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0554% | 1h | 2.6442 | −0.015% | $26K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0536% | 4h | 2.6479 | +0.126% | $29K | $134K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.061% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0405% | 4h | 2.6450 | +0.015% | $8.4M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6508 | +0.234% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0195% | 4h | 2.6445 | −0.004% | $638K | $252K | 20x | as long as short |
| Variational Omni MORPHO | −0.0145% | 4h | 2.6472 | +0.098% | $629K | $1.0M | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6443 | −0.011% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0114% | 4h | 2.6472 | +0.098% | $769K | $532K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6522 | +0.287% | $43K | $477K | 5x | as long as short |
| Extended MORPHO-USD | −0.0008% | 1h | 2.6438 | −0.030% | $103K | $298K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0005% | 4h | 2.6441 | −0.019% | $16.0M | $25.9M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6443 | −0.013% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | 0.0000% | 4h | 2.6443 | −0.011% | $5.5M | $948K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6490 | +0.165% | $315K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6405 | −0.157% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6518 | +0.272% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6491 | +0.170% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.6446 | long leg | $3.2M | $4.4M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6493 | +0.178% | $593K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6462 | +0.061% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6440 | −0.023% | — | $1.5M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6445 | −0.004% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0154% / S −0.2700% | 1h | 2.6471 | +0.093% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Gate MORPHO_USDT
Phoenix MORPHO
Extended MORPHO-USD
Binance MORPHOUSDT
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]