Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against OKX−0.084%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now −0.084%, 7d avg −0.042%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.042% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.042%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.6160 | 0.0100 | pay 0.0050% / 4h | 3h 53m | $3.2M | $4.1M | 20x |
| Short | Binance MORPHOUSDT | 2.6138 | 0.0100 | get 0.0050% / 4h | 3h 53m | $15.8M | $24.3M | 75x |
OKX MORPHO-USDT-SWAP
Binance MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: −0.084% → −0.042%
- −$4.16
- Slippage, 4 orders
- −$50.23
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$74.39
- Costs to cover
- 0.702%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Binance: 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 OKX live order book, 4 min ago | 0.77 bp | 26.5 bp −$26 | 150.5 bp −$1,505 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.58 bp | 13.9 bp −$14 | 40.4 bp −$404 | doesn't fit | doesn't fit |
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 | −0.2160% | 1h | 2.6137 | −0.087% | $81K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1049% | 1h | 2.6139 | −0.080% | $11K | $1K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0896% | 1h | 2.6102 | −0.222% | $858 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0776% | 4h | 2.6027 | −0.509% | $34K | $140K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0255% | 1h | 2.6144 | −0.061% | $25K | $1.5M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6082 | −0.298% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6115 | −0.172% | $636K | $242K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0139% | 4h | 2.6137 | −0.088% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6074 | −0.329% | $43K | $337K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6131 | −0.110% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.032% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6158 | −0.008% | $314K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6124 | −0.137% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6179 | +0.073% | $6.1M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6143 | −0.067% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDTshort | +0.0100% | 4h | 2.6138 | −0.084% | $15.8M | $24.3M | 75x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6140 | −0.076% | $8.2M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.6160 | long leg | $3.2M | $4.1M | 20x | |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6100 | −0.229% | $764K | $469K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6135 | −0.096% | $5.9M | $820K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6153 | −0.027% | $597K | $250K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6144 | −0.061% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6149 | −0.042% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6030 | −0.495% | $621K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6140 | −0.076% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6123 | −0.143% | $101K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6157 | −0.011% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]