MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.077%

Price spread now: Gate against Bitget−0.046%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1181.181% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.046%, 7d avg +0.001%

Together, before fees−0.133%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.047% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MORPHOUSDT	2.6229	0.0100	pay 0.0050% / 4h	2h 30m	$2.9M	$1.7M	75x
Short	Gate MORPHO_USDT	2.6217	0.0074	get 0.0037% / 4h	2h 30m	$765K	$505K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$5.46
Price spread: −0.046% → +0.001%: −$4.68
Slippage, 4 orders: −$91.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$128.27
Costs to cover: 1.181%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 36 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 Bitget live order book, 2 min ago	2.86 bp	20.7 bp −$21	66.5 bp −$665	doesn't fit	doesn't fit
Sell Gate live order book, 36 min ago	5.82 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit

MORPHO on 26 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	−0.1912%	1h	2.6204	−0.094%	$80K	$128K	20x	as long as short
01 Exchange MORPHOUSD	−0.0496%	1h	2.6225	−0.015%	$862	$11K	5x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.0474%	1h	2.6228	−0.004%	$11K	$785	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0232%	1h	2.6299	+0.267%	$75K	$42K	25x	as long as short
Orderly PERP_MORPHO_USDC	−0.0149%	4h	2.6213	−0.061%	$10K	$34K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0130%	1h	2.6228	−0.004%	$24K	$1.8M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0048%	4h	2.6229	0.000%	$32K	$142K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6229	−0.002%	$16	—	10x	as long as short
Phoenix MORPHO	+0.0030%	1h	2.6271	+0.160%	$43K	$426K	5x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.766%	$37	$242K	5.5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDTshort	+0.0074%	4h	2.6217	−0.046%	$765K	$505K	50x
Variational Omni MORPHO	+0.0092%	4h	2.6221	−0.031%	$625K	$913K	—	as long as short
Lighter MORPHO	+0.0096%	1h	2.6248	+0.073%	$314K	$319K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6205	−0.091%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6245	+0.061%	$6.2M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6220	−0.032%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6223	−0.023%	$15.8M	$25.2M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6225	−0.015%	$8.3M	$9.3M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6240	+0.042%	$3.2M	$4.3M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6214	−0.057%	$5.5M	$886K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6224	−0.019%	$595K	$255K	50x	as long as short
Bitget MORPHOUSDTlong	+0.0100%	4h	2.6229	long leg	$2.9M	$1.7M	75x
BingX MORPHO-USDT	+0.0100%	4h	2.6235	+0.023%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6219	−0.038%	$22K	$4K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6213	−0.061%	$101K	$355K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6235	+0.022%	$1K	—	100x	as long as short