Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance+0.127%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$800.796% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days−0.064%−$6 · spread now +0.127%, 7d avg +0.039%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.088% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6756 | 0.0100 | pay 0.0050% / 4h | 6m 55s | $16.4M | $26.7M | 75x |
| Short | OKX MORPHO-USDT-SWAP | 2.6790 | 0.0100 | get 0.0050% / 4h | 6m 55s | $3.2M | $4.6M | 20x |
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: +0.127% → +0.039%
- $8.8
- Slippage, 4 orders
- −$59.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$70.83
- Costs to cover
- 0.796%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 5 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, 9 min ago | 0.56 bp | 12.2 bp −$12 | 35.1 bp −$351 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.80 bp | 22.1 bp −$22 | 125.6 bp −$1,256 | 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 | −0.1669% | 1h | 2.6744 | −0.046% | $84K | $151K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0944% | 1h | 2.6772 | +0.060% | $10K | $721 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0584% | 1h | 2.6740 | −0.060% | $879 | $12K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0328% | 1h | 2.6815 | +0.221% | $77K | $46K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0281% | 1h | 2.6781 | +0.094% | $28K | $2.0M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0212% | 4h | 2.6761 | +0.019% | $10K | $34K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6745 | −0.041% | $657K | $209K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0160% | 4h | 2.6781 | +0.094% | $772K | $533K | 50x | as long as short |
| Injective MORPHO/USDC PERP | −0.0114% | 1h | 2.6810 | +0.202% | $38 | $76K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0084% | 4h | 2.6785 | +0.109% | $41K | $150K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDT
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6794 | +0.141% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0030% | 1h | 2.6803 | +0.176% | $34K | $473K | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6828 | +0.271% | $319K | $356K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6767 | +0.041% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6769 | +0.048% | $58K | $32K | 20x | as long as short |
| Binance MORPHOUSDTlong | +0.0100% | 4h | 2.6756 | long leg | $16.4M | $26.7M | 75x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6791 | +0.131% | $8.8M | $10.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.6790 | +0.127% | $3.2M | $4.6M | 20x | |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6759 | +0.011% | $5.1M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6786 | +0.112% | $602K | $276K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6782 | +0.097% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6778 | +0.082% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6805 | +0.183% | $650K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6775 | +0.071% | $22K | $2K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6758 | +0.008% | $101K | $303K | 10x | as long as short |
| Hyperliquid MORPHO | +0.0109% | 1h | 2.6827 | +0.266% | $6.4M | $7.1M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6793 | +0.140% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Phoenix MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Bybit MORPHOUSDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]