Funding you earn now, next payment 00:00 UTC+0.0936%/8h= +102.5% APRnext payment +$1.17 per $10,000 · paid last 24h +0.191%
Price spread now: Lighter against 01 Exchange+0.307%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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Lighter is 0.307% dearer against 01 Exchange than usual: you sell high and buy low: +$31 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 | 2.6452 | −0.0840 | get 0.0105% / 1h | 11m 03s | $869 | $12K | 5x |
| Short | Lighter MORPHO | 2.6533 | 0.0096 | get 0.0012% / 1h | 11m 03s | $316K | $331K | 5x |
01 Exchange MORPHOUSD
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $196.56
- Price spread: +0.307% → 0.000%
- $30.66
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $220.22
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 58 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 Lighter live order book, 58 min ago | 13.48 bp | 16.1 bp −$16 | 154.3 bp −$1,543 | doesn't fit | doesn't fit |
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 | −0.1756% | 1h | 2.6477 | +0.095% | $81K | $143K | 20x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0840% | 1h | 2.6452 | long leg | $869 | $12K | 5x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.0655% | 1h | 2.6500 | +0.181% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0461% | 1h | 2.6497 | +0.170% | $28K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0460% | 4h | 2.6511 | +0.222% | $41K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.083% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6555 | +0.389% | $76K | $43K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0336% | 4h | 2.6510 | +0.219% | $8.4M | $9.3M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0187% | 4h | 2.6492 | +0.151% | $638K | $253K | 20x | as long as short |
| Variational Omni MORPHO | −0.0167% | 4h | 2.6481 | +0.110% | $630K | $1.0M | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6491 | +0.147% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6531 | +0.299% | $43K | $477K | 5x | as long as short |
| Gate MORPHO_USDT | −0.0058% | 4h | 2.6532 | +0.302% | $771K | $532K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6489 | +0.140% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0046% | 4h | 2.6495 | +0.163% | $5.5M | $961K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0053% | 4h | 2.6509 | +0.215% | $16.1M | $26.0M | 75x | as long as short |
| Extended MORPHO-USD | +0.0056% | 1h | 2.6504 | +0.195% | $103K | $298K | 10x | as long as short |
| Aster MORPHOUSDT | +0.0090% | 4h | 2.6496 | +0.166% | $58K | $30K | 20x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6533 | +0.307% | $316K | $331K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6485 | +0.125% | $5K | $3 | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6528 | +0.287% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6520 | +0.257% | $594K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6507 | +0.208% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6496 | +0.166% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6485 | +0.125% | $22K | $4K | 5x | as long as short |
| Hyperliquid MORPHO | +0.0108% | 1h | 2.6567 | +0.435% | $6.3M | $7.0M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6519 | +0.255% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Gate MORPHO_USDT
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Aster MORPHOUSDT
Paradex MORPHO-USD-PERP
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]