Funding you earn now, next payment 23:00 UTC+0.1252%/8h= +137.1% APRpaid last 24h +0.186%
Price spread now: BingX against 01 Exchange+0.319%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and BingX is 0.319% dearer against 01 Exchange than usual: you sell high and buy low: +$32 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 | 01 Exchange MORPHOUSD | 2.6352 | −0.1152 | get 0.0144% / 1h | 38m 57s | $866 | $13K | 5x |
| Short | BingX MORPHO-USDT | 2.6436 | 0.0100 | get 0.0050% / 4h | 1h 38m | — | $1.5M | — |
01 Exchange MORPHOUSD
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against 01 Exchange. 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
- $262.92
- Price spread: +0.319% → 0.000%
- $31.88
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $277.8
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; BingX: live order book, 8 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 8 min ago | 2.08 bp | 18.4 bp −$18 | 39.2 bp −$392 | 234.8 bp −$23.5K | 570.5 bp −$285.2K |
01 Exchange: 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 | −0.1857% | 1h | 2.6429 | +0.290% | $82K | $150K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1261% | 1h | 2.6433 | +0.307% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.1152% | 1h | 2.6352 | long leg | $866 | $13K | 5x | |
| Polymarket Perps MORPHO-USD | −0.0639% | 1h | 2.6422 | +0.266% | $26K | $1.7M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0611% | 4h | 2.6440 | +0.334% | $8.5M | $9.4M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0576% | 4h | 2.6444 | +0.350% | $29K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.296% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6427 | +0.285% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0206% | 4h | 2.6412 | +0.228% | $640K | $244K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0162% | 4h | 2.6473 | +0.459% | $771K | $530K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0154% | 4h | 2.6437 | +0.323% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6514 | +0.615% | $34K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0040% | 4h | 2.6477 | +0.474% | $629K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6430 | +0.295% | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | +0.0079% | 4h | 2.6424 | +0.273% | $16.1M | $26.0M | 75x | as long as short |
| Extended MORPHO-USD | +0.0080% | 1h | 2.6420 | +0.257% | $103K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0082% | 4h | 2.6425 | +0.277% | $5.2M | $1.1M | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6475 | +0.465% | $315K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6415 | +0.238% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6491 | +0.527% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6464 | +0.424% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6427 | +0.285% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6451 | +0.376% | $618K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6432 | +0.304% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6436 | +0.319% | — | $1.5M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6426 | +0.281% | $22K | $3K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6468 | +0.441% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Binance MORPHOUSDT
Extended MORPHO-USD
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]