Funding you earn now, next payment 00:00 UTC+0.0307%/8h= +33.6% APRnext payment +$1.53 per $10,000 · paid last 24h +0.065%
Price spread now: BingX against Orderly+0.030%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.030% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MORPHO_USDC | 2.6756 | −0.0207 | get 0.0103% / 4h | 3h 12m | $10K | $34K | 10x |
| Short | BingX MORPHO-USDT | 2.6764 | 0.0100 | get 0.0050% / 4h | 3h 12m | — | $1.4M | — |
Orderly PERP_MORPHO_USDC
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Orderly. 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
- $64.43
- Price spread: +0.030% → 0.000%
- $2.99
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $51.42
- Costs to cover
- 0.160%
- Break-even
- 1.4 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 7 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 7 min ago | 2.98 bp | 15.4 bp −$15 | 30.9 bp −$309 | 221.7 bp −$22.2K | 614.3 bp −$307.1K |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1768% | 1h | 2.6745 | −0.040% | $84K | $152K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1540% | 1h | 2.6764 | +0.030% | $10K | $721 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0784% | 1h | 2.6692 | −0.239% | $877 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0448% | 4h | 2.6781 | +0.095% | $41K | $151K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0425% | 1h | 2.7020 | +0.987% | $38 | $123K | 5.5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0266% | 1h | 2.6756 | 0.000% | $25K | $2.0M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0240% | 1h | 2.6893 | +0.512% | $78K | $47K | 25x | as long as short |
| Orderly PERP_MORPHO_USDClong | −0.0207% | 4h | 2.6756 | long leg | $10K | $34K | 10x | |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6746 | −0.037% | $656K | $216K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0058% | 4h | 2.6759 | +0.011% | $763K | $536K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | −0.0024% | 4h | 2.6764 | +0.030% | $8.8M | $10.2M | 25x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6765 | +0.034% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0059% | 1h | 2.6862 | +0.396% | $35K | $471K | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6792 | +0.133% | $319K | $357K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6740 | −0.060% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6802 | +0.172% | $6.4M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6784 | +0.105% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6744 | −0.045% | $16.4M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6774 | +0.067% | $3.2M | $4.6M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6748 | −0.030% | $5.3M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6795 | +0.146% | $603K | $272K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6770 | +0.052% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6764 | +0.030% | — | $1.4M | — | |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6850 | +0.353% | $651K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6754 | −0.007% | $23K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6742 | −0.051% | $104K | $305K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6790 | +0.127% | $1K | — | 100x | as long as short |
Bybit MORPHOUSDT
Reya MORPHORUSDPERP
Phoenix MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]