Funding you earn now, next payment 23:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.001%
Price spread now: Bitget against Extended+0.028%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$940.945% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now +0.028%, 7d avg +0.010%
=Together, before fees+0.102%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6420 | 0.0080 | pay 0.0010% / 1h | 38m 50s | $103K | $301K | 10x |
| Short | Bitget MORPHOUSDT | 2.6427 | 0.0100 | get 0.0050% / 4h | 1h 38m | $2.9M | $1.9M | 75x |
Extended MORPHO-USD
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Extended. 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
- $4.2
- Price spread: +0.028% → +0.010%
- $1.74
- Slippage, 4 orders
- −$77.48
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$88.54
- Costs to cover
- 0.945%
- Break-even
- 154.6 days
Slippage from Extended: live order book, 44 min ago; Bitget: live order book, 4 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 Extended live order book, 44 min ago | 2.07 bp | 21.5 bp −$21 | 167.1 bp −$1,671 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.08 bp | 19.5 bp −$20 | 70.7 bp −$707 | 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 | −0.1857% | 1h | 2.6429 | +0.034% | $82K | $150K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1261% | 1h | 2.6433 | +0.051% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1152% | 1h | 2.6352 | −0.256% | $866 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0639% | 1h | 2.6422 | +0.009% | $26K | $1.7M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0631% | 4h | 2.6410 | −0.037% | $8.5M | $9.4M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0576% | 4h | 2.6444 | +0.093% | $29K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.039% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6427 | +0.028% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0206% | 4h | 2.6412 | −0.029% | $640K | $244K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0162% | 4h | 2.6473 | +0.202% | $771K | $530K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0154% | 4h | 2.6437 | +0.066% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6514 | +0.357% | $34K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0040% | 4h | 2.6477 | +0.217% | $629K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6430 | +0.038% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0078% | 4h | 2.6396 | −0.090% | $5.2M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0079% | 4h | 2.6404 | −0.059% | $16.1M | $25.9M | 75x | as long as short |
| Extended MORPHO-USDlong | +0.0080% | 1h | 2.6420 | long leg | $103K | $301K | 10x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6451 | +0.118% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6391 | −0.109% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6477 | +0.217% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6463 | +0.165% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6418 | −0.006% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6451 | +0.119% | $618K | $263K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.6427 | +0.028% | $2.9M | $1.9M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6436 | +0.062% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6426 | +0.024% | $22K | $3K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6468 | +0.184% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]