Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.048%
Price spread now: Bitget against Injective−2.474%7-day average −1.097% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.741%−$74 on $10k
+Price spread, last 4 days (all we have)+1.482%+$148 · spread now −2.474%, 7d avg −1.097%
=Funding pays, the price is against you. Bitget is 1.378% cheaper against Injective than usual: you would sell low and buy high (spread −2.474% now, against its 7-day average of −1.097%). If the spread goes back, that is −$138 on $10k: about 2 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.741%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MORPHO/USDC PERP | 2.6430 | 0.0033 | pay 0.0004% / 1h | 22m 38s | $37 | $242K | 5.5x |
| Short | Bitget MORPHOUSDT | 2.5776 | 0.0100 | get 0.0050% / 4h | 3h 22m | $2.8M | $1.7M | 75x |
Injective MORPHO/USDC PERP
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $14
- Price spread: −2.474% → −1.097%
- −$137.75
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$135.77
- Costs to cover
- 0.120%
- Break-even
- 74.9 days
Slippage unknown: Injective: no order-book sample; Bitget: 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 Bitget live order book, 5 min ago | 4.09 bp | 24.1 bp −$24 | 84.9 bp −$849 | doesn't fit | doesn't fit |
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 | −0.2465% | 1h | 2.5791 | −2.419% | $85K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0872% | 1h | 2.5818 | −2.316% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0856% | 1h | 2.5761 | −2.531% | $847 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5837 | −2.244% | $70K | $37K | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0534% | 4h | 2.5729 | −2.651% | $30K | $123K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0423% | 4h | 2.5792 | −2.414% | $634K | $239K | 20x | as long as short |
| Variational Omni MORPHO | −0.0387% | 4h | 2.5675 | −2.857% | $612K | $526K | — | as long as short |
| Aster MORPHOUSDT | −0.0319% | 4h | 2.5788 | −2.430% | $54K | $49K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0315% | 4h | 2.5808 | −2.353% | $10K | $34K | 10x | as long as short |
| Extended MORPHO-USD | −0.0184% | 1h | 2.5782 | −2.452% | $99K | $365K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDT
Variational Omni MORPHO
Aster MORPHOUSDT
Orderly PERP_MORPHO_USDC
Extended MORPHO-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | −0.0182% | 4h | 2.5793 | −2.410% | $6.4M | $932K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0178% | 4h | 2.5792 | −2.415% | $15.5M | $23.8M | 75x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5728 | −2.656% | $33K | $308K | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0052% | 4h | 2.5803 | −2.372% | $7.8M | $8.3M | 25x | as long as short |
| Gate MORPHO_USDT | −0.0010% | 4h | 2.5812 | −2.338% | $759K | $486K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5807 | −2.356% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERPlong | +0.0033% | 1h | 2.6430 | long leg | $37 | $242K | 5.5x | |
| Lighter MORPHO | +0.0096% | 1h | 2.5861 | −2.154% | $312K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5784 | −2.444% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5822 | −2.300% | $5.9M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5810 | −2.346% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5799 | −2.387% | $581K | $267K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.5776 | −2.474% | $2.8M | $1.7M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5797 | −2.395% | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5840 | −2.232% | $25K | $1.3M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5818 | −2.316% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5849 | −2.198% | $1K | — | 100x | as long as short |
MEXC MORPHO_USDT
Binance MORPHOUSDT
Phoenix MORPHO
Bybit MORPHOUSDT
Gate MORPHO_USDT
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]