Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: KuCoin against Lighter−0.089%7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1791.791% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)−0.554%−$55 · spread now −0.089%, 7d avg −0.194%
=Together, before fees−0.629%+ Points / potential airdropLighter: Season 3 · farm board−$63 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: KuCoin is 0.105% dearer against Lighter than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.194%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6067 | 0.0096 | pay 0.0012% / 1h | 51m 44s | $312K | $245K | 5x |
| Short | KuCoin MORPHOUSDTM | 2.6044 | 0.0100 | get 0.0050% / 4h | 1h 51m | $581K | $252K | 50x |
Lighter MORPHO
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.089% → −0.194%
- $10.53
- Slippage, 4 orders
- −$167.06
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$167.69
- Costs to cover
- 1.791%
- Break-even
- 1404.4 days
Slippage from Lighter: live order book, 54 min ago; KuCoin: live order book, 54 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, 54 min ago | 18.28 bp | 20.0 bp −$20 | 145.9 bp −$1,459 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 54 min ago | 12.66 bp | 81.0 bp −$81 | 194.4 bp −$1,944 | doesn't fit | doesn't fit |
MORPHO on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1248% | 1h | 2.5936 | −0.503% | $53K | $55K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1130% | 1h | 2.6046 | −0.081% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0728% | 1h | 2.6008 | −0.227% | $855 | $9K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.0487% | 1h | 2.6047 | −0.077% | $81K | $130K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0309% | 4h | 2.6052 | −0.058% | $10K | $33K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0170% | 4h | 2.6024 | −0.166% | $7.8M | $7.6M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0152% | 4h | 2.6033 | −0.131% | $39K | $114K | 10x | as long as short |
| Variational Omni MORPHO | −0.0101% | 4h | 2.6043 | −0.091% | $620K | $323K | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.0095% | 1h | 2.6060 | −0.028% | $25K | $1.2M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0067% | 4h | 2.6044 | −0.089% | $637K | $236K | 20x | as long as short |
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Kraken Futures PF_MORPHOUSD
Orderly PERP_MORPHO_USDC
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Variational Omni MORPHO
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MORPHOUSDT | −0.0037% | 4h | 2.6082 | +0.057% | $57K | $51K | 20x | as long as short |
| Phoenix MORPHO | −0.0031% | 1h | 2.6058 | −0.035% | $33K | $287K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6040 | −0.106% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.392% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.6067 | long leg | $312K | $245K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6022 | −0.173% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6067 | 0.000% | $6.0M | $6.5M | 5x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6020 | −0.181% | $15.5M | $22.3M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6038 | −0.112% | $3.1M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6052 | −0.058% | $763K | $455K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6013 | −0.208% | $6.5M | $956K | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6044 | −0.089% | $581K | $252K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6018 | −0.189% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6049 | −0.070% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6049 | −0.070% | $21K | $5K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6011 | −0.216% | $107K | $376K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S −12.8912% | 1h | 2.6081 | +0.051% | $1K | — | 100x | as long as short |
Aster MORPHOUSDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]