Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against Binance+0.109%45s7-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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.109% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6609 | 0.0100 | pay 0.0050% / 4h | 2h 51m | $16.3M | $26.7M | 75x |
| Short | SoDEX MORPHO-USD | 2.6638 | 0.0100 | get 0.0013% / 1h | 51m 33s | $22K | $3K | 5x |
Binance MORPHOUSDT
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Binance. 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: +0.109% → 0.000%
- $10.9
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$7.1
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 5 min ago; SoDEX: no order-book sample. 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 Binance live order book, 5 min ago | 0.19 bp | 16.1 bp −$16 | 41.5 bp −$415 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | −0.2050% | 1h | 2.6585 | −0.089% | $83K | $147K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1474% | 1h | 2.6636 | +0.101% | $10K | $623 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1352% | 1h | 2.6557 | −0.195% | $873 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0646% | 4h | 2.6664 | +0.207% | $41K | $151K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0608% | 1h | 2.6624 | +0.056% | $25K | $1.9M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6670 | +0.229% | $38K | $142K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0320% | 4h | 2.6641 | +0.120% | $8.8M | $10.0M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6813 | +0.767% | $77K | $46K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0244% | 4h | 2.6659 | +0.188% | $761K | $517K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6648 | +0.147% | $653K | $205K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Gate MORPHO_USDT
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0196% | 4h | 2.6623 | +0.053% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6664 | +0.207% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6628 | +0.073% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6647 | +0.143% | $317K | $335K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6618 | +0.035% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6676 | +0.252% | $6.3M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6609 | −0.001% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDTlong | +0.0100% | 4h | 2.6609 | long leg | $16.3M | $26.7M | 75x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6636 | +0.101% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6611 | +0.008% | $5.4M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6636 | +0.101% | $601K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6626 | +0.064% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6633 | +0.090% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6700 | +0.341% | $649K | $1.4M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.6638 | +0.109% | $22K | $3K | 5x | |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6598 | −0.040% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6657 | +0.179% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]