Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: Bitget against Lighter−0.198%7-day average −0.272% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$700.696% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)−0.431%−$43 · spread now −0.198%, 7d avg −0.272%
=Together, before fees−0.498%+ Points / potential airdropLighter: Season 3 · farm board−$50 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: Bitget is 0.075% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.272%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6564 | 0.0096 | pay 0.0012% / 1h | 33m 19s | $316K | $336K | 5x |
| Short | Bitget MORPHOUSDT | 2.6511 | 0.0100 | get 0.0050% / 4h | 2h 33m | $2.9M | $2.0M | 75x |
Lighter MORPHO
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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
- $0.84
- Price spread: −0.198% → −0.272%
- $7.45
- Slippage, 4 orders
- −$57.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$61.29
- Costs to cover
- 0.696%
- Break-even
- 517.7 days
Slippage from Lighter: live order book, 50 min ago; Bitget: live order book, 4 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 Lighter live order book, 50 min ago | 7.10 bp | 18.2 bp −$18 | 146.3 bp −$1,463 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.85 bp | 22.1 bp −$22 | 76.8 bp −$768 | 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 | −0.2059% | 1h | 2.6478 | −0.320% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1182% | 1h | 2.6500 | −0.239% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0928% | 1h | 2.6486 | −0.292% | $870 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0473% | 1h | 2.6519 | −0.168% | $26K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0462% | 4h | 2.6508 | −0.208% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6460 | −0.390% | $37 | $161K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6527 | −0.137% | $76K | $46K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6509 | −0.205% | $646K | $222K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.0195% | 4h | 2.6518 | −0.171% | $8.6M | $10.1M | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0179% | 4h | 2.6501 | −0.235% | $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
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Bybit MORPHOUSDT
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 | 2.6513 | −0.190% | $760K | $523K | 50x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6527 | −0.137% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6513 | −0.191% | $16 | — | 10x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.6564 | long leg | $316K | $336K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6521 | −0.162% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6560 | −0.013% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6549 | −0.054% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6505 | −0.219% | $16.2M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6526 | −0.141% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6511 | −0.198% | $5.3M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6543 | −0.077% | $622K | $271K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.6511 | −0.198% | $2.9M | $2.0M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6529 | −0.130% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6494 | −0.261% | $643K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6493 | −0.265% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6502 | −0.232% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6530 | −0.125% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]