Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.077%
Price spread now: BingX against Gate+0.011%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1131.126% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.011%, 7d avg +0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.024% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6733 | 0.0100 | pay 0.0050% / 4h | 3h 14m | $772K | $524K | 50x |
| Short | BingX MORPHO-USDT | 2.6736 | 0.0100 | get 0.0050% / 4h | 3h 14m | — | $1.4M | — |
Gate MORPHO_USDT
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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: +0.011% → +0.036%
- −$2.45
- Slippage, 4 orders
- −$87.56
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$115.01
- Costs to cover
- 1.126%
- Break-even
- never at this rate
Slippage from Gate: live order book, 58 min ago; BingX: live order book, 3 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 Gate live order book, 58 min ago | 6.04 bp | 37.1 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.44 bp | 15.2 bp −$15 | 32.0 bp −$320 | 178.8 bp −$17.9K | 688.0 bp −$344.0K |
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 | −0.1822% | 1h | 2.6676 | −0.214% | $81K | $125K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0460% | 1h | 2.6723 | −0.037% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0440% | 1h | 2.6702 | −0.116% | $877 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6715 | −0.067% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6726 | −0.026% | $647K | $230K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6714 | −0.071% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0077% | 4h | 2.6631 | −0.382% | $634K | $926K | — | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6644 | −0.333% | $44K | $474K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0023% | 1h | 2.6714 | −0.071% | $25K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0018% | 4h | 2.6607 | −0.472% | $41K | $133K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Variational Omni MORPHO
Phoenix MORPHO
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6718 | −0.056% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −1.133% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6812 | +0.297% | $321K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6690 | −0.161% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6740 | +0.027% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6749 | +0.058% | $16.2M | $25.5M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6748 | +0.056% | $8.6M | $9.0M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6729 | −0.015% | $3.2M | $4.4M | 20x | as long as short |
| Gate MORPHO_USDTlong | +0.0100% | 4h | 2.6733 | long leg | $772K | $524K | 50x | |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6722 | −0.041% | $5.6M | $905K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6738 | +0.019% | $598K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6748 | +0.056% | $3.0M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6736 | +0.011% | — | $1.4M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6721 | −0.045% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6709 | −0.089% | $102K | $362K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6724 | −0.035% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0356% | 1h | 2.6796 | +0.236% | $6.3M | $7.0M | 5x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO