Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%
Price spread now: OKX against Bybit+0.027%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$750.752% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 7 days−0.067%−$7 · spread now +0.027%, 7d avg −0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.072% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.5890 | 0.0100 | pay 0.0050% / 4h | 2h 35m | $8.0M | $8.5M | 25x |
| Short | OKX MORPHO-USDT-SWAP | 2.5897 | 0.0100 | get 0.0050% / 4h | 2h 35m | $3.2M | $4.0M | 20x |
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- Price spread: +0.027% → −0.045%
- $7.22
- Slippage, 4 orders
- −$54.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$68.01
- Costs to cover
- 0.752%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 8 min ago; OKX: live order book, 2 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, 8 min ago | 1.93 bp | 16.8 bp −$17 | 71.3 bp −$713 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.70 bp | 20.1 bp −$20 | 108.8 bp −$1,088 | 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 | −0.1562% | 1h | 2.5846 | −0.171% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1023% | 1h | 2.5886 | −0.015% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0896% | 1h | 2.5839 | −0.197% | $849 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0394% | 4h | 2.5854 | −0.139% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5897 | +0.027% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0178% | 4h | 2.5878 | −0.046% | $637K | $242K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5882 | −0.031% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5878 | −0.046% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5879 | −0.043% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0026% | 1h | 2.5893 | +0.012% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow 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 | +2.086% | $37 | $242K | 5.5x | as long as short |
| MEXC MORPHO_USDT | +0.0086% | 4h | 2.5871 | −0.073% | $5.9M | $875K | 100x | as long as short |
| Extended MORPHO-USD | +0.0088% | 1h | 2.5868 | −0.084% | $104K | $348K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0089% | 4h | 2.5872 | −0.068% | $15.6M | $24.1M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5893 | +0.010% | $311K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5886 | −0.015% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5899 | +0.035% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5883 | −0.026% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDTlong | +0.0100% | 4h | 2.5890 | long leg | $8.0M | $8.5M | 25x | |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.5897 | +0.027% | $3.2M | $4.0M | 20x | |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5905 | +0.058% | $769K | $485K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5902 | +0.046% | $594K | $246K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5872 | −0.070% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5891 | +0.004% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5866 | −0.093% | $615K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5879 | −0.042% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0159% / S +0.0036% | 1h | 2.5905 | +0.057% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]