Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance+0.149%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$760.759% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 7 days−0.174%−$17 · spread now +0.149%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.155% dearer against Binance than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6499 | 0.0055 | pay 0.0028% / 4h | 5m 55s | $16.0M | $26.0M | 75x |
| Short | Bitget MORPHOUSDT | 2.6538 | 0.0100 | get 0.0050% / 4h | 5m 55s | $2.9M | $1.8M | 75x |
Binance MORPHOUSDT
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $9.42
- Price spread: +0.149% → −0.006%
- $15.49
- Slippage, 4 orders
- −$53.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$51
- Costs to cover
- 0.759%
- Break-even
- 44.9 days
Slippage from Binance: live order book, 5 min ago; Bitget: live order book, 2 min ago.
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 Binance live order book, 5 min ago | 0.75 bp | 13.3 bp −$13 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 4.90 bp | 24.6 bp −$25 | 73.8 bp −$738 | doesn't fit | doesn't fit |
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 | −0.1755% | 1h | 2.6488 | −0.041% | $81K | $143K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1069% | 1h | 2.6495 | −0.013% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0848% | 1h | 2.6443 | −0.210% | $869 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0461% | 1h | 2.6499 | +0.002% | $28K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0448% | 4h | 2.6519 | +0.075% | $41K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.259% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0368% | 4h | 2.6500 | +0.005% | $8.4M | $9.3M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6546 | +0.179% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0201% | 4h | 2.6491 | −0.027% | $630K | $1.0M | — | as long as short |
| BloFin MORPHO-USDT | −0.0184% | 4h | 2.6512 | +0.051% | $638K | $253K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6490 | −0.032% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0070% | 4h | 2.6537 | +0.145% | $770K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6549 | +0.190% | $44K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6492 | −0.025% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0054% | 4h | 2.6498 | −0.002% | $5.5M | $961K | 100x | as long as short |
| Binance MORPHOUSDTlong | +0.0055% | 4h | 2.6499 | long leg | $16.0M | $26.0M | 75x | |
| Extended MORPHO-USD | +0.0056% | 1h | 2.6496 | −0.008% | $103K | $298K | 10x | as long as short |
| Aster MORPHOUSDT | +0.0066% | 4h | 2.6504 | +0.022% | $58K | $30K | 20x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6546 | +0.179% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6490 | −0.034% | $5K | $3 | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6508 | +0.036% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6521 | +0.085% | $594K | $267K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.6538 | +0.149% | $2.9M | $1.8M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6511 | +0.047% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6495 | −0.013% | $22K | $4K | 5x | as long as short |
| Hyperliquid MORPHO | +0.0104% | 1h | 2.6583 | +0.319% | $6.3M | $7.0M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6520 | +0.081% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Aster MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
SoDEX MORPHO-USD
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]