Funding you earn now, next payment 04:00 UTC+0.0249%/8h= +27.3% APRnext payment +$1.25 per $10,000 · paid last 24h +0.065%
Price spread now: Bitget against Orderly−0.019%7-day average — · you buy dearer than you sell
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_MORPHO_USDC | 2.6191 | −0.0149 | get 0.0075% / 4h | 32m 18s | $10K | $34K | 10x |
| Short | Bitget MORPHOUSDT | 2.6186 | 0.0100 | get 0.0050% / 4h | 32m 18s | $2.8M | $1.7M | 75x |
Orderly PERP_MORPHO_USDC
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $52.38
- Price spread: −0.019% → 0.000%
- −$1.91
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $32.47
- Costs to cover
- 0.180%
- Break-even
- 2.7 days
Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago | 3.46 bp | 24.7 bp −$25 | 74.1 bp −$741 | doesn't fit | doesn't fit |
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 | −0.1655% | 1h | 2.6185 | −0.023% | $81K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1040% | 1h | 2.6167 | −0.092% | $860 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0703% | 1h | 2.6202 | +0.042% | $11K | $969 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0286% | 4h | 2.6069 | −0.466% | $34K | $140K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0239% | 1h | 2.6221 | +0.115% | $25K | $1.7M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6168 | −0.088% | $75K | $42K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6190 | −0.004% | $637K | $242K | 20x | as long as short |
| Orderly PERP_MORPHO_USDClong | −0.0149% | 4h | 2.6191 | long leg | $10K | $34K | 10x | |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6203 | +0.047% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6024 | −0.638% | $43K | $370K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Reya MORPHORUSDPERP
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | +0.0014% | 4h | 2.6207 | +0.061% | $766K | $482K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.913% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | +0.0095% | 4h | 2.6211 | +0.076% | $8.2M | $9.0M | 25x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6225 | +0.131% | $315K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6176 | −0.057% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6247 | +0.214% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6222 | +0.118% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6201 | +0.040% | $15.9M | $25.2M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6207 | +0.061% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6205 | +0.053% | $5.9M | $813K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6213 | +0.084% | $597K | $251K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.6186 | −0.019% | $2.8M | $1.7M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6207 | +0.061% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6015 | −0.670% | $621K | $815K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6195 | +0.015% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6194 | +0.010% | $100K | $348K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6225 | +0.132% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]