Funding you earn now, next payment 00:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.060%
Price spread now: Lighter against BloFin+0.075%7-day average +0.225% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days−0.318%−$32 on $10k
+Price spread, last 3 days (all we have)+0.438%+$44 · spread now +0.075%, 7d avg +0.225%
=Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.150% cheaper against BloFin than usual: you would sell low and buy high (spread +0.075% now, against its 7-day average of +0.225%). If the spread goes back, that is −$15 on $10k: about 38 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.318%, 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 | BloFin MORPHO-USDT | 2.6538 | −0.0220 | get 0.0110% / 4h | 42m 43s | $638K | $250K | 20x |
| Short | Lighter MORPHO | 2.6558 | 0.0096 | get 0.0012% / 1h | 42m 43s | $316K | $331K | 5x |
BloFin MORPHO-USDT
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- $66.43
- Price spread: +0.075% → +0.225%
- −$14.99
- Slippage, 4 orders
- −$57.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$18
- Costs to cover
- 0.694%
- Break-even
- 8.9 days
Slippage from BloFin: live order book, 34 min ago; Lighter: live order book, 27 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 BloFin live order book, 34 min ago | 2.84 bp | 15.5 bp −$15 | 30.1 bp −$301 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 27 min ago | 13.48 bp | 16.1 bp −$16 | 154.3 bp −$1,543 | 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 | −0.1757% | 1h | 2.6471 | −0.251% | $82K | $140K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0955% | 1h | 2.6530 | −0.030% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0712% | 1h | 2.6435 | −0.388% | $869 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0512% | 1h | 2.6537 | −0.004% | $26K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0510% | 4h | 2.6555 | +0.065% | $29K | $134K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.407% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0368% | 4h | 2.6528 | −0.038% | $8.4M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.437% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDTlong | −0.0220% | 4h | 2.6538 | long leg | $638K | $250K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6545 | +0.026% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0104% | 4h | 2.6549 | +0.041% | $772K | $532K | 50x | as long as short |
| Variational Omni MORPHO | −0.0080% | 4h | 2.6542 | +0.014% | $630K | $1.0M | — | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6578 | +0.151% | $44K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6538 | +0.001% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6504 | −0.127% | $103K | $298K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0018% | 4h | 2.6510 | −0.106% | $5.4M | $940K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0019% | 4h | 2.6509 | −0.108% | $16.0M | $25.8M | 75x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6558 | +0.075% | $316K | $331K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6485 | −0.199% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6583 | +0.170% | $6.3M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6525 | −0.049% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6532 | −0.023% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6559 | +0.079% | $595K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6524 | −0.053% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6533 | −0.019% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6525 | −0.049% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6565 | +0.101% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Variational Omni MORPHO
Phoenix MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]