Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX+0.034%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$870.872% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 7 days−0.124%−$12 · spread now +0.034%, 7d avg −0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.079% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6262 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $3.2M | $4.3M | 20x |
| Short | Bitget MORPHOUSDT | 2.6271 | 0.0100 | get 0.0050% / 4h | 2h 11m | $2.9M | $1.7M | 75x |
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.034% → −0.045%
- $7.95
- Slippage, 4 orders
- −$65.16
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$79.21
- Costs to cover
- 0.872%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago | 2.66 bp | 24.3 bp −$24 | 110.8 bp −$1,108 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 6.84 bp | 24.4 bp −$24 | 74.6 bp −$746 | doesn't fit | doesn't fit |
MORPHO on 26 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 | −0.1908% | 1h | 2.6259 | −0.012% | $80K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0510% | 1h | 2.6286 | +0.091% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0440% | 1h | 2.6242 | −0.076% | $862 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6379 | +0.446% | $76K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0151% | 4h | 2.6276 | +0.053% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0102% | 1h | 2.6259 | −0.011% | $28K | $1.8M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6258 | −0.016% | $16 | — | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0012% | 4h | 2.6265 | +0.010% | $32K | $142K | 10x | as long as short |
| Phoenix MORPHO | +0.0030% | 1h | 2.6277 | +0.057% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.640% | $37 | $242K | 5.5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERP
GRVT MORPHO_USDT_Perp
Phoenix MORPHO
Injective MORPHO/USDC PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | +0.0072% | 4h | 2.6278 | +0.061% | $765K | $507K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6307 | +0.171% | $315K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6261 | −0.005% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6338 | +0.289% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6293 | +0.119% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6253 | −0.034% | $15.9M | $25.4M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6265 | +0.011% | $8.3M | $9.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.6262 | long leg | $3.2M | $4.3M | 20x | |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6283 | +0.080% | $5.6M | $915K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6301 | +0.149% | $597K | $254K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.6271 | +0.034% | $2.9M | $1.7M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6270 | +0.030% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6235 | −0.102% | $625K | $912K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6280 | +0.069% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6261 | −0.002% | $101K | $355K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6287 | +0.094% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]