Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%
Price spread now: Bybit against BingX−0.011%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.011%, 7d avg +0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.059% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.6749 | 0.0100 | pay 0.0050% / 4h | 3h 13m | — | $1.4M | — |
| Short | Bybit MORPHOUSDT | 2.6746 | 0.0100 | get 0.0050% / 4h | 3h 13m | $8.6M | $9.0M | 25x |
BingX MORPHO-USDT
Bybit MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. 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: −0.011% → +0.048%
- −$5.95
- Slippage, 4 orders
- −$48.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$74.97
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bybit: 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 BingX live order book, 3 min ago | 2.44 bp | 16.7 bp −$17 | 32.3 bp −$323 | 338.4 bp −$33.8K | 656.5 bp −$328.2K |
| Sell Bybit live order book, 5 min ago | 3.75 bp | 17.8 bp −$18 | 61.7 bp −$617 | 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 | −0.1822% | 1h | 2.6676 | −0.273% | $81K | $125K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0460% | 1h | 2.6723 | −0.097% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0432% | 1h | 2.6712 | −0.138% | $878 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6715 | −0.127% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6726 | −0.086% | $647K | $230K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6714 | −0.131% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0077% | 4h | 2.6631 | −0.442% | $634K | $926K | — | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6758 | +0.034% | $44K | $474K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0016% | 1h | 2.6740 | −0.034% | $25K | $1.7M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6741 | −0.030% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Variational Omni MORPHO
Phoenix MORPHO
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MORPHO_USDT_Perp | +0.0022% | 4h | 2.6706 | −0.162% | $41K | $133K | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −1.193% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6821 | +0.268% | $321K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6741 | −0.031% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6735 | −0.050% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6734 | −0.056% | $16.2M | $25.5M | 75x | as long as short |
| Bybit MORPHOUSDTshort | +0.0100% | 4h | 2.6746 | −0.011% | $8.6M | $9.0M | 25x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6756 | +0.026% | $3.2M | $4.4M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6739 | −0.037% | $772K | $525K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6735 | −0.052% | $5.6M | $905K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6741 | −0.030% | $598K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6745 | −0.015% | $3.0M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDTlong | +0.0100% | 4h | 2.6749 | long leg | — | $1.4M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6721 | −0.105% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6729 | −0.075% | $102K | $362K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6724 | −0.094% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0356% | 1h | 2.6792 | +0.161% | $6.3M | $7.0M | 5x | as long as short |
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO