data as of
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Funding arb /

MORPHO

all MORPHO markets
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Funding spread now, next payment 18:00 UTC0.0000%/8h
paid, last 24h−0.028%paid, last 7 days−0.034%to open and close $10k−$60
Long on HyperliquidShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MORPHO2.68720.0100pay 0.0013% / 1h24m 04s$6.5M$7.9M5x
ShortBingX MORPHO-USDT2.68400.0100get 0.0050% / 4h2h 24m—$1.5M—

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$40.55
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$59.55
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; BingX: live order book, 14 min ago.

Price risk

price view
Price gap now
−0.119%
Avg gap 7d
−0.107%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 10 min ago1.29 bp15.9 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 14 min ago2.59 bp19.1 bp −$1945.8 bp −$458248.5 bp −$24.9K594.1 bp −$297.1K

MORPHO on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit MORPHO_USDC-PERPETUAL−0.0941%1h$10K$74510xas long as short
Kraken Futures PF_MORPHOUSD−0.0934%1h$85K$178K20xas long as short
01 Exchange MORPHOUSD−0.0888%1h$880$11K5xas long as short
Gate MORPHO_USDT−0.0644%4h$765K$547K50xas long as short
Polymarket Perps MORPHO-USD−0.0416%1h$33K$2.7M5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0336%1h$78K$48K25xas long as short
BloFin MORPHO-USDT−0.0232%4h$670K$218K20xas long as short
Orderly PERP_MORPHO_USDC−0.0191%4h$10K$34K10xas long as short
Bybit MORPHOUSDT−0.0111%4h$8.8M$10.6M25xas long as short
Phoenix MORPHO−0.0059%1h$35K$517K5xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Reya MORPHORUSDPERP−0.0004%1h$16—10xas long as short
Extended MORPHO-USD+0.0008%1h$101K$304K10xas long as short
MEXC MORPHO_USDT+0.0008%4h$4.8M$1.2M100xas long as short
Binance MORPHOUSDT+0.0011%4h$16.6M$28.6M75xas long as short
Injective MORPHO/USDC PERP+0.0033%1h$38$34K5.5xas long as short
Lighter MORPHO+0.0096%1h$315K$365K5xas long as short
Paradex MORPHO-USD-PERP+0.0099%8h$5K$35xas long as short
Hyperliquid MORPHOlong+0.0100%1h$6.5M$7.9M5x
Aster MORPHOUSDT+0.0100%4h$59K$31K20xas long as short
OKX MORPHO-USDT-SWAP+0.0100%4h$3.2M$5.0M20xas long as short
KuCoin MORPHOUSDTM+0.0100%4h$598K$373K50xas long as short
Bitget MORPHOUSDT+0.0100%4h$2.9M$2.2M75xas long as short
BingX MORPHO-USDTshort+0.0100%4h—$1.5M—
Variational Omni MORPHO+0.0100%4h$660K$1.4M—as long as short
SoDEX MORPHO-USD+0.0100%1h$22K$2K5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0158% / S −0.0698%1h$2K—100xas long as short