Funding you earn now, next payment 01:00 UTC+0.0561%/8h= +61.4% APRpaid last 24h +0.275%
Price spread now: Bitget against Deribit+0.094%7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Bitget is 0.094% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MORPHO_USDC-PERPETUAL | 2.6716 | −0.0461 | get 0.0058% / 1h | 15m 15s | $11K | $785 | 10x |
| Short | Bitget MORPHOUSDT | 2.6741 | 0.0100 | get 0.0050% / 4h | 3h 15m | $3.0M | $1.8M | 75x |
Deribit MORPHO_USDC-PERPETUAL
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Deribit. 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
- $117.74
- Price spread: +0.094% → 0.000%
- $9.36
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $108.1
- Costs to cover
- 0.190%
- Break-even
- 0.6 days
Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 2 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 2 min ago | 3.94 bp | 22.7 bp −$23 | 74.0 bp −$740 | doesn't fit | doesn't fit |
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 | −0.1823% | 1h | 2.6668 | −0.180% | $81K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALlong | −0.0461% | 1h | 2.6716 | long leg | $11K | $785 | 10x | |
| 01 Exchange MORPHOUSD | −0.0448% | 1h | 2.6691 | −0.094% | $877 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6715 | −0.004% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6593 | −0.460% | $642K | $229K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6708 | −0.030% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0077% | 4h | 2.6631 | −0.319% | $634K | $926K | — | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6644 | −0.270% | $44K | $474K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0029% | 1h | 2.6724 | +0.030% | $25K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0018% | 4h | 2.6607 | −0.408% | $41K | $133K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Variational Omni MORPHO
Phoenix MORPHO
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6727 | +0.042% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −1.071% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0092% | 4h | 2.6724 | +0.030% | $772K | $524K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6766 | +0.187% | $320K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6730 | +0.052% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6721 | +0.019% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6716 | 0.000% | $16.2M | $25.6M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6735 | +0.071% | $8.6M | $9.0M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6731 | +0.056% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6716 | 0.000% | $5.6M | $905K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6738 | +0.082% | $597K | $266K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.6741 | +0.094% | $3.0M | $1.8M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6727 | +0.041% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6724 | +0.030% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6712 | −0.016% | $102K | $362K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6728 | +0.043% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0352% | 1h | 2.6783 | +0.251% | $6.3M | $7.0M | 5x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO