Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%
Price spread now: Hyperliquid against OKX+0.164%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$680.679% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 7 days−0.122%−$12 · spread now +0.164%, 7d avg +0.109%
=Together, before fees−0.072%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 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: Hyperliquid is 0.055% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.109%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6509 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $3.2M | $4.4M | 20x |
| Short | Hyperliquid MORPHO | 2.6553 | 0.0100 | get 0.0013% / 1h | 57m 54s | $6.2M | $7.2M | 5x |
OKX MORPHO-USDT-SWAP
Hyperliquid MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.164% → +0.109%
- $5.54
- Slippage, 4 orders
- −$48.85
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$62.32
- Costs to cover
- 0.679%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Hyperliquid: live order book, 4 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, 5 min ago | 1.13 bp | 22.0 bp −$22 | 179.2 bp −$1,792 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.13 bp | 14.4 bp −$14 | doesn't fit | 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 | −0.1854% | 1h | 2.6466 | −0.160% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1483% | 1h | 2.6493 | −0.060% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1280% | 1h | 2.6428 | −0.306% | $868 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0719% | 1h | 2.6488 | −0.079% | $26K | $1.8M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0665% | 4h | 2.6500 | −0.034% | $8.6M | $9.6M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6520 | +0.043% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6610 | +0.381% | $37 | $198K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6617 | +0.407% | $77K | $45K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0224% | 4h | 2.6495 | −0.053% | $772K | $530K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6513 | +0.015% | $646K | $246K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
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 | −0.0164% | 4h | 2.6495 | −0.053% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6546 | +0.140% | $34K | $463K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6504 | −0.018% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6570 | +0.232% | $316K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6483 | −0.099% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHOshort | +0.0100% | 1h | 2.6553 | +0.164% | $6.2M | $7.2M | 5x | |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6542 | +0.126% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6487 | −0.082% | $16.2M | $26.3M | 75x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.6509 | long leg | $3.2M | $4.4M | 20x | |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6488 | −0.079% | $5.5M | $1.0M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6545 | +0.136% | $620K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6505 | −0.015% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6510 | +0.004% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6529 | +0.076% | $644K | $1.2M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6496 | −0.049% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6487 | −0.082% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6526 | +0.063% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]