Funding you earn now, next payment 00:00 UTC−0.0903%/8h= −98.9% APRpaid last 24h −0.262%
Price spread now: Deribit against Bitget−0.004%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$27 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MORPHOUSDT | 2.6569 | 0.0100 | pay 0.0050% / 4h | 55m 43s | $2.9M | $1.8M | 75x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.6568 | −0.0803 | pay 0.0100% / 1h | 55m 43s | $11K | $812 | 10x |
Bitget MORPHOUSDT
Deribit MORPHO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bitget. 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
- −$189.59
- Price spread: −0.004% → 0.000%
- −$0.38
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$208.96
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 2 min ago; Deribit: no order-book sample. 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 Bitget live order book, 2 min ago | 7.34 bp | 27.4 bp −$27 | 107.1 bp −$1,071 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 | −0.1752% | 1h | 2.6545 | −0.091% | $82K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALshort | −0.0803% | 1h | 2.6568 | −0.004% | $11K | $812 | 10x | |
| GRVT MORPHO_USDT_Perp | −0.0566% | 4h | 2.6430 | −0.524% | $29K | $134K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.523% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0380% | 4h | 2.6545 | −0.090% | $8.5M | $9.2M | 25x | as long as short |
| 01 Exchange MORPHOUSD | −0.0368% | 1h | 2.6554 | −0.056% | $873 | $12K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.320% | $77K | $43K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0278% | 1h | 2.6576 | +0.026% | $26K | $1.7M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0223% | 4h | 2.6558 | −0.041% | $639K | $251K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6558 | −0.041% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
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 | −0.0130% | 4h | 2.6566 | −0.011% | $772K | $531K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6642 | +0.275% | $44K | $477K | 5x | as long as short |
| Variational Omni MORPHO | −0.0088% | 4h | 2.6431 | −0.518% | $628K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6563 | −0.023% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6527 | −0.159% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0018% | 4h | 2.6532 | −0.140% | $16.1M | $25.8M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0018% | 4h | 2.6529 | −0.151% | $5.4M | $939K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6578 | +0.036% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6523 | −0.174% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6604 | +0.132% | $6.3M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6563 | −0.022% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6536 | −0.124% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6575 | +0.023% | $596K | $271K | 50x | as long as short |
| Bitget MORPHOUSDTlong | +0.0100% | 4h | 2.6569 | long leg | $2.9M | $1.8M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6548 | −0.079% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6560 | −0.034% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6591 | +0.082% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]