Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%
Price spread now: OKX against Hyperliquid−0.267%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$690.693% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 7 days+0.205%+$20 · spread now −0.267%, 7d avg −0.110%
=Together, before fees+0.155%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.157% cheaper against Hyperliquid than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.110%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MORPHO | 2.6593 | 0.0100 | pay 0.0013% / 1h | 55m 01s | $6.3M | $7.1M | 5x |
| Short | OKX MORPHO-USDT-SWAP | 2.6522 | 0.0100 | get 0.0050% / 4h | 55m 01s | $3.2M | $4.4M | 20x |
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Hyperliquid. 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: −0.267% → −0.110%
- −$15.65
- Slippage, 4 orders
- −$50.32
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$84.97
- Costs to cover
- 0.693%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago | 1.13 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.45 bp | 20.4 bp −$20 | 109.4 bp −$1,094 | 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 | −0.1754% | 1h | 2.6515 | −0.294% | $82K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1030% | 1h | 2.6532 | −0.229% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6531 | −0.232% | $29K | $134K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0440% | 1h | 2.6508 | −0.320% | $871 | $12K | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.613% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0380% | 4h | 2.6540 | −0.199% | $8.5M | $9.2M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0379% | 1h | 2.6538 | −0.207% | $26K | $1.7M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.229% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0222% | 4h | 2.6525 | −0.256% | $637K | $250K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6535 | −0.218% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
01 Exchange MORPHOUSD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
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 | 2.6556 | −0.139% | $772K | $531K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6642 | +0.184% | $44K | $477K | 5x | as long as short |
| Variational Omni MORPHO | −0.0070% | 4h | 2.6541 | −0.194% | $631K | $1.1M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6535 | −0.217% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6518 | −0.283% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0018% | 4h | 2.6520 | −0.275% | $16.0M | $25.8M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0018% | 4h | 2.6520 | −0.275% | $5.4M | $939K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6574 | −0.070% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6523 | −0.264% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHOlong | +0.0100% | 1h | 2.6593 | long leg | $6.3M | $7.1M | 5x | |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6555 | −0.141% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.6522 | −0.267% | $3.2M | $4.4M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6572 | −0.079% | $595K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6563 | −0.113% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6533 | −0.226% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6528 | −0.244% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6563 | −0.114% | $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
Aster MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]