Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against Bitget−0.005%7-day average +0.265% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1001.000% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.773%+$77 · spread now −0.005%, 7d avg +0.265%
=Together, before fees+0.840%+ Points / potential airdropLighter: Season 3 · farm board+$84 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 0.270% cheaper against Bitget than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.265%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.6139 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $2.8M | $1.8M | 75x |
| Short | Lighter MORPHO | 2.6138 | 0.0096 | get 0.0012% / 1h | 38m 10s | $313K | $308K | 5x |
Bitget MORPHOUSDT
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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: −0.005% → +0.265%
- −$26.98
- Slippage, 4 orders
- −$88.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$127.84
- Costs to cover
- 1.000%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 16 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, 4 min ago | 4.39 bp | 15.4 bp −$15 | 70.2 bp −$702 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 16 min ago | 30.89 bp | 32.3 bp −$32 | 179.2 bp −$1,792 | 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 | −0.1681% | 1h | 2.6075 | −0.246% | $81K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1127% | 1h | 2.6104 | −0.134% | $11K | $955 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0560% | 1h | 2.6085 | −0.207% | $857 | $9K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6121 | −0.069% | $638K | $242K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0192% | 1h | 2.6327 | +0.719% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0156% | 4h | 2.6104 | −0.134% | $10K | $34K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0114% | 4h | 2.6163 | +0.092% | $32K | $142K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0106% | 1h | 2.6111 | −0.107% | $25K | $1.8M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6102 | −0.142% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6187 | +0.184% | $43K | $392K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
BloFin MORPHO-USDT
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERP
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.113% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0050% | 4h | 2.6150 | +0.042% | $754K | $503K | 50x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6138 | −0.005% | $313K | $308K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6127 | −0.045% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6163 | +0.092% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6128 | −0.042% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6092 | −0.179% | $15.7M | $25.7M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6130 | −0.034% | $8.3M | $9.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6120 | −0.073% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6096 | −0.165% | $5.8M | $840K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6137 | −0.008% | $595K | $252K | 50x | as long as short |
| Bitget MORPHOUSDTlong | +0.0100% | 4h | 2.6139 | long leg | $2.8M | $1.8M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6122 | −0.065% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6155 | +0.061% | $624K | $907K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6106 | −0.126% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6100 | −0.149% | $100K | $355K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6133 | −0.025% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]