Funding you earn now, next payment 00:00 UTC+0.0505%/8h= +55.3% APRpaid last 24h +0.039%
Price spread now: BingX against Injective+0.409%72s7-day average −1.078% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.072%−$107 on $10k
+Price spread, last 3 days (all we have)−1.509%−$151 · spread now +0.409%, 7d avg −1.078%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and BingX is 1.487% dearer against Injective than usual: you sell high and buy low: +$149 more if the spread goes back to its 7-day average of −1.078%. Mind the row above: over the last 7 days funding on this pair cost −1.072%, so the current rate has only just turned in your favour. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MORPHO/USDC PERP | 2.6430 | −0.0405 | get 0.0051% / 1h | 51m 55s | $37 | $242K | 5.5x |
| Short | BingX MORPHO-USDT | 2.6538 | 0.0100 | get 0.0050% / 4h | 51m 55s | — | $1.5M | — |
Injective MORPHO/USDC PERP
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- $106.12
- Price spread: +0.409% → −1.078%
- $148.7
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $244.81
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; BingX: live order book, 5 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 5 min ago | 3.95 bp | 17.9 bp −$18 | 36.4 bp −$364 | 193.1 bp −$19.3K | 632.8 bp −$316.4K |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1753% | 1h | 2.6527 | +0.367% | $82K | $146K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1143% | 1h | 2.6534 | +0.393% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0560% | 1h | 2.6530 | +0.378% | $872 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6528 | +0.372% | $29K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0459% | 1h | 2.6545 | +0.435% | $26K | $1.7M | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0411% | 4h | 2.6550 | +0.454% | $8.5M | $9.2M | 25x | as long as short |
| Injective MORPHO/USDC PERPlong | −0.0405% | 1h | 2.6430 | long leg | $37 | $242K | 5.5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.848% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0225% | 4h | 2.6512 | +0.310% | $636K | $250K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6533 | +0.390% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0144% | 4h | 2.6568 | +0.522% | $772K | $531K | 50x | as long as short |
| Variational Omni MORPHO | −0.0070% | 4h | 2.6541 | +0.422% | $631K | $1.1M | — | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6556 | +0.477% | $44K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6539 | +0.411% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0014% | 4h | 2.6564 | +0.507% | $5.4M | $940K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0015% | 4h | 2.6555 | +0.473% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6562 | +0.498% | $103K | $301K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6575 | +0.549% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6543 | +0.426% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6608 | +0.673% | $6.3M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6536 | +0.402% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6568 | +0.522% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6552 | +0.462% | $595K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6562 | +0.499% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6538 | +0.409% | — | $1.5M | — | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6528 | +0.371% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6573 | +0.542% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Variational Omni MORPHO
Phoenix MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]