Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: BingX against Lighter−0.295%7-day average −0.220% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$710.711% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)−0.239%−$24 · spread now −0.295%, 7d avg −0.220%
=Together, before fees−0.306%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.076% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.220%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6196 | 0.0096 | pay 0.0012% / 1h | 20m 22s | $314K | $262K | 5x |
| Short | BingX MORPHO-USDT | 2.6119 | 0.0100 | get 0.0050% / 4h | 2h 20m | — | $1.5M | — |
Lighter MORPHO
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- $0.84
- Price spread: −0.295% → −0.220%
- −$7.55
- Slippage, 4 orders
- −$61.12
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77.83
- Costs to cover
- 0.711%
- Break-even
- 655.6 days
Slippage from Lighter: live order book, 25 min ago; BingX: live order book, 5 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 Lighter live order book, 25 min ago | 18.28 bp | 20.0 bp −$20 | 145.9 bp −$1,459 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.11 bp | 15.6 bp −$16 | 32.9 bp −$329 | 226.5 bp −$22.6K | 698.7 bp −$349.3K |
MORPHO on 27 exchanges
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 | −0.1996% | 1h | 2.6122 | −0.285% | $80K | $135K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.1304% | 1h | 2.5945 | −0.960% | $69K | $33K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0668% | 1h | 2.6118 | −0.299% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0576% | 1h | 2.6114 | −0.315% | $858 | $9K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0324% | 4h | 2.6108 | −0.337% | $10K | $34K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0201% | 4h | 2.6159 | −0.143% | $640K | $236K | 20x | as long as short |
| Aster MORPHOUSDT | −0.0196% | 4h | 2.6135 | −0.234% | $57K | $51K | 20x | as long as short |
| Phoenix MORPHO | −0.0122% | 1h | 2.6180 | −0.063% | $33K | $302K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0086% | 4h | 2.6112 | −0.321% | $39K | $114K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6101 | −0.364% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDT
Aster MORPHOUSDT
Phoenix MORPHO
GRVT MORPHO_USDT_Perp
Reya MORPHORUSDPERPShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.892% | $37 | $242K | 5.5x | as long as short |
| Variational Omni MORPHO | +0.0037% | 4h | 2.6110 | −0.331% | $622K | $355K | — | as long as short |
| MEXC MORPHO_USDT | +0.0038% | 4h | 2.6105 | −0.349% | $6.5M | $972K | 100x | as long as short |
| Extended MORPHO-USD | +0.0040% | 1h | 2.6105 | −0.348% | $110K | $375K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0045% | 4h | 2.6116 | −0.308% | $15.7M | $22.8M | 75x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.6196 | long leg | $314K | $262K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6098 | −0.375% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6159 | −0.143% | $6.0M | $6.9M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6124 | −0.276% | $7.9M | $7.8M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6101 | −0.364% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6130 | −0.253% | $765K | $473K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6133 | −0.242% | $581K | $256K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6102 | −0.360% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.6119 | −0.295% | — | $1.5M | — | |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.6125 | −0.273% | $25K | $1.2M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6123 | −0.280% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0202% / S −17.1882% | 1h | 2.6133 | −0.242% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Variational Omni MORPHO
MEXC MORPHO_USDT
Extended MORPHO-USD
Binance MORPHOUSDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]