Funding you earn now, next payment 02:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%
Price spread now: BingX against Reya−0.088%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. BingX is 0.088% cheaper against Reya than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.8 days of funding at the current rate (+$3 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.6259 | −0.0004 | get 0.0001% / 1h | 31m 38s | $16 | — | 10x |
| Short | BingX MORPHO-USDT | 2.6236 | 0.0100 | get 0.0050% / 4h | 2h 31m | — | $1.4M | — |
Reya MORPHORUSDPERP
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Reya. 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
- $21.94
- Price spread: −0.088% → 0.000%
- −$8.84
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$2.9
- Costs to cover
- 0.160%
- Break-even
- 7.9 days
Slippage unknown: Reya: no order-book sample; BingX: 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 Reya no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 5 min ago | 2.29 bp | 19.0 bp −$19 | 42.5 bp −$425 | 225.6 bp −$22.6K | 600.1 bp −$300.0K |
Reya: 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 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 | −0.1910% | 1h | 2.6233 | −0.098% | $80K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0504% | 1h | 2.6224 | −0.134% | $862 | $11K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0321% | 1h | 2.6260 | +0.003% | $11K | $785 | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6299 | +0.152% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0149% | 4h | 2.6239 | −0.077% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0139% | 1h | 2.6255 | −0.016% | $25K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0048% | 4h | 2.6229 | −0.115% | $32K | $142K | 10x | as long as short |
| Reya MORPHORUSDPERPlong | −0.0004% | 1h | 2.6259 | long leg | $16 | — | 10x | |
| Phoenix MORPHO | +0.0030% | 1h | 2.6271 | +0.045% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.650% | $37 | $242K | 5.5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
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 | +0.0064% | 4h | 2.6230 | −0.111% | $765K | $504K | 50x | as long as short |
| Variational Omni MORPHO | +0.0070% | 4h | 2.6236 | −0.089% | $624K | $920K | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6270 | +0.040% | $315K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6223 | −0.137% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6270 | +0.041% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6237 | −0.085% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6223 | −0.138% | $15.8M | $25.2M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6230 | −0.111% | $8.3M | $9.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6246 | −0.050% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6224 | −0.134% | $5.5M | $886K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6241 | −0.069% | $596K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6235 | −0.092% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6236 | −0.088% | — | $1.4M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6250 | −0.035% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6213 | −0.174% | $101K | $355K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6261 | +0.006% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]