Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against BingX+0.149%7-day average +0.221% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.337%+$34 · spread now +0.149%, 7d avg +0.221%
=Together, before fees+0.404%+ Points / potential airdropLighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.072% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.221%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.5754 | 0.0100 | pay 0.0050% / 4h | 3h 55m | — | $1.4M | — |
| Short | Lighter MORPHO | 2.5793 | 0.0096 | get 0.0012% / 1h | 55m 54s | $311K | $283K | 5x |
BingX MORPHO-USDT
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: +0.149% → +0.221%
- −$7.16
- Slippage, 4 orders
- −$46.67
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$64.67
- Costs to cover
- 0.567%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Lighter: live order book, 24 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, 4 min ago | 2.13 bp | 11.7 bp −$12 | 32.1 bp −$321 | 382.5 bp −$38.2K | 704.5 bp −$352.3K |
| Sell Lighter live order book, 24 min ago | 11.39 bp | 16.1 bp −$16 | 161.1 bp −$1,611 | 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 | −0.2472% | 1h | 2.5720 | −0.131% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1300% | 1h | 2.5760 | +0.023% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1064% | 1h | 2.5731 | −0.089% | $846 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5627 | −0.493% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0458% | 4h | 2.5776 | +0.084% | $614K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0416% | 4h | 2.5778 | +0.093% | $635K | $238K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0338% | 4h | 2.5774 | +0.080% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0274% | 4h | 2.5747 | −0.027% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0192% | 4h | 2.5761 | +0.026% | $54K | $49K | 20x | as long as short |
| Phoenix MORPHO | −0.0185% | 1h | 2.5793 | +0.151% | $33K | $308K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDT
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MORPHO-USD | −0.0176% | 1h | 2.5729 | −0.097% | $99K | $375K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0175% | 4h | 2.5721 | −0.128% | $15.5M | $24.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0174% | 4h | 2.5732 | −0.085% | $6.3M | $909K | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5765 | +0.044% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.625% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.5793 | +0.149% | $311K | $283K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5779 | +0.097% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5771 | +0.066% | $5.9M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5750 | −0.016% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5736 | −0.070% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5775 | +0.082% | $759K | $483K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5765 | +0.043% | $586K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5723 | −0.120% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDTlong | +0.0100% | 4h | 2.5754 | long leg | — | $1.4M | — | |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5805 | +0.198% | $25K | $1.4M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5759 | +0.019% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5783 | +0.114% | $1K | — | 100x | as long as short |
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]