Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.029%
Price spread now: Extended against Bybit−0.095%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$820.822% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days−0.221%−$22 · spread now −0.095%, 7d avg −0.102%
=Together, before fees−0.166%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.6220 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $8.3M | $9.4M | 25x |
| Short | Extended MORPHO-USD | 2.6195 | 0.0104 | get 0.0013% / 1h | 35m 54s | $100K | $353K | 10x |
Bybit MORPHOUSDT
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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: −0.095% → −0.102%
- $0.72
- Slippage, 4 orders
- −$66.23
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$80.67
- Costs to cover
- 0.822%
- Break-even
- 679.2 days
Slippage from Bybit: live order book, 2 min ago; Extended: live order book, 26 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 Bybit live order book, 2 min ago | 1.91 bp | 17.3 bp −$17 | 64.0 bp −$640 | doesn't fit | doesn't fit |
| Sell Extended live order book, 26 min ago | 3.05 bp | 22.6 bp −$23 | 202.6 bp −$2,026 | 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 | −0.1674% | 1h | 2.6190 | −0.114% | $81K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0665% | 1h | 2.6215 | −0.019% | $11K | $955 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0576% | 1h | 2.6124 | −0.366% | $858 | $9K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6114 | −0.404% | $635K | $242K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0192% | 1h | 2.6062 | −0.603% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0157% | 4h | 2.6206 | −0.053% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0122% | 1h | 2.6168 | −0.198% | $25K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0120% | 4h | 2.6122 | −0.373% | $32K | $142K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6216 | −0.014% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6187 | −0.126% | $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
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
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 | +0.801% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0058% | 4h | 2.6210 | −0.038% | $755K | $504K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6239 | +0.071% | $314K | $308K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6169 | −0.195% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6270 | +0.191% | $6.2M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6203 | −0.066% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6189 | −0.120% | $15.8M | $25.7M | 75x | as long as short |
| Bybit MORPHOUSDTlong | +0.0100% | 4h | 2.6220 | long leg | $8.3M | $9.4M | 25x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6203 | −0.065% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6203 | −0.065% | $5.8M | $840K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6217 | −0.011% | $596K | $252K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6224 | +0.015% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6207 | −0.050% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6220 | 0.000% | $625K | $907K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6224 | +0.015% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USDshort | +0.0104% | 1h | 2.6195 | −0.095% | $100K | $353K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6230 | +0.040% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]