Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%
Price spread now: OKX against Bybit+0.035%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$800.795% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 7 days−0.075%−$7 · spread now +0.035%, 7d avg −0.045%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.080% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MORPHOUSDT | 2.6051 | 0.0100 | pay 0.0050% / 4h | 2h 14m | $8.0M | $8.5M | 25x |
| Short | OKX MORPHO-USDT-SWAP | 2.6060 | 0.0100 | get 0.0050% / 4h | 2h 14m | $3.2M | $4.1M | 20x |
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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: +0.035% → −0.045%
- $7.98
- Slippage, 4 orders
- −$58.51
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$71.53
- Costs to cover
- 0.795%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: 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 Bybit live order book, 4 min ago | 1.93 bp | 17.8 bp −$18 | 71.3 bp −$713 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.96 bp | 20.7 bp −$21 | 110.2 bp −$1,102 | 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 | −0.1551% | 1h | 2.6021 | −0.116% | $83K | $130K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1360% | 1h | 2.6042 | −0.035% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0808% | 1h | 2.5993 | −0.223% | $854 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0306% | 4h | 2.5912 | −0.533% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5789 | −1.006% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5949 | −0.392% | $631K | $239K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5945 | −0.407% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0127% | 4h | 2.6042 | −0.035% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6045 | −0.022% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0003% | 1h | 2.6040 | −0.042% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow 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 | +1.455% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6006 | −0.172% | $313K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6029 | −0.084% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6075 | +0.092% | $5.9M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6030 | −0.081% | $57K | $31K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6030 | −0.081% | $15.7M | $24.2M | 75x | as long as short |
| Bybit MORPHOUSDTlong | +0.0100% | 4h | 2.6051 | long leg | $8.0M | $8.5M | 25x | |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.6060 | +0.035% | $3.2M | $4.1M | 20x | |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6032 | −0.073% | $760K | $499K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6025 | −0.100% | $6.3M | $911K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6041 | −0.038% | $599K | $247K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6042 | −0.035% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6040 | −0.042% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5946 | −0.404% | $617K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6036 | −0.058% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6028 | −0.087% | $100K | $347K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0142% / S +0.0041% | 1h | 2.6061 | +0.038% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance 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]