MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0292%/8h= +32.0% APRnext payment +$0.37 per $10,000 · paid last 24h −0.022%

Price spread now: SoDEX against Coinbase International−0.133%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on SoDEX

What this pair did over the last

the charts below follow

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 pays, the price is against you. SoDEX is 0.133% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.133% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 36 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MORPHO-PERP-INTX	2.6345	−0.0192	get 0.0024% / 1h	16m 21s	$75K	$42K	25x
Short	SoDEX MORPHO-USD	2.6310	0.0100	get 0.0013% / 1h	16m 21s	$22K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee SoDEXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $61.32
Price spread: −0.133% → 0.000%: −$13.29
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $30.03
Costs to cover: 0.180%
Break-even: 3.6 days

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Coinbase International and 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	−0.1668%	1h	2.6288	−0.218%	$82K	$127K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1003%	1h	2.6310	−0.133%	$11K	$759	10x	as long as short
01 Exchange MORPHOUSD	−0.0664%	1h	2.6255	−0.342%	$863	$9K	5x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6299	−0.175%	$602K	$243K	20x	as long as short
Coinbase International MORPHO-PERP-INTXlong	−0.0192%	1h	2.6345	long leg	$75K	$42K	25x
Orderly PERP_MORPHO_USDC	−0.0158%	4h	2.6296	−0.186%	$10K	$34K	10x	as long as short
Polymarket Perps MORPHO-USD	−0.0153%	1h	2.6308	−0.140%	$25K	$1.7M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0138%	4h	2.6271	−0.281%	$32K	$142K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.6304	−0.155%	$16	—	10x	as long as short
Phoenix MORPHO	0.0000%	1h	2.6313	−0.121%	$43K	$392K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.323%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0034%	4h	2.6305	−0.152%	$757K	$504K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6330	−0.058%	$315K	$308K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6292	−0.200%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6353	+0.030%	$6.2M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6304	−0.155%	$58K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6295	−0.190%	$15.9M	$25.3M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6314	−0.118%	$8.3M	$9.2M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6322	−0.087%	$3.2M	$4.3M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6290	−0.209%	$5.8M	$842K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6334	−0.042%	$598K	$252K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6321	−0.091%	$2.8M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6315	−0.114%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6345	0.000%	$628K	$848K	—	as long as short
SoDEX MORPHO-USDshort	+0.0100%	1h	2.6310	−0.133%	$22K	$4K	5x
Extended MORPHO-USD	+0.0104%	1h	2.6281	−0.244%	$101K	$350K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6324	−0.079%	$1K	—	100x	as long as short