MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1657%/8h= +181.5% APRnext payment +$2.07 per $10,000 · paid last 24h +0.084%

Price spread now: SoDEX against Kraken Futures+0.019%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$50 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MORPHOUSD	2.5917	−0.1557	get 0.0195% / 1h	55m 11s	$80K	$127K	20x
Short	SoDEX MORPHO-USD	2.5922	0.0100	get 0.0013% / 1h	55m 11s	$21K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 Kraken FuturesbpFee SoDEXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $348.06
Price spread: +0.019% → 0.000%: $1.89
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $331.95
Costs to cover: 0.180%
Break-even: 0.3 days

Slippage unknown: Kraken Futures: live order book, 57 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 Kraken Futures live order book, 57 min ago	13.77 bp	25.3 bp −$25	3704.9 bp −$37.0K	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_MORPHOUSDlong	−0.1557%	1h	2.5917	long leg	$80K	$127K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.1176%	1h	2.5916	−0.004%	$11K	$2K	10x	as long as short
01 Exchange MORPHOUSD	−0.0864%	1h	2.5872	−0.174%	$850	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0460%	4h	2.5950	+0.128%	$33K	$134K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0216%	1h	2.5937	+0.077%	$74K	$41K	25x	as long as short
BloFin MORPHO-USDT	−0.0193%	4h	2.5913	−0.016%	$637K	$244K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0130%	4h	2.5921	+0.015%	$10K	$34K	10x	as long as short
Phoenix MORPHO	−0.0061%	1h	2.5945	+0.108%	$33K	$330K	5x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.5909	−0.032%	$16	—	10x	as long as short
Polymarket Perps MORPHO-USD	+0.0030%	1h	2.5928	+0.042%	$24K	$1.5M	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	+1.979%	$37	$242K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.5962	+0.172%	$312K	$294K	5x	as long as short
Extended MORPHO-USD	+0.0096%	1h	2.5899	−0.069%	$99K	$343K	10x	as long as short
MEXC MORPHO_USDT	+0.0096%	4h	2.5924	+0.027%	$6.0M	$823K	100x	as long as short
Binance MORPHOUSDT	+0.0096%	4h	2.5925	+0.030%	$15.7M	$24.0M	75x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.5918	+0.005%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.5972	+0.212%	$5.9M	$6.8M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.5953	+0.140%	$57K	$30K	20x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.5940	+0.088%	$8.0M	$8.5M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.5949	+0.123%	$3.2M	$4.0M	20x	as long as short
Gate MORPHO_USDT	+0.0100%	4h	2.5923	+0.023%	$772K	$479K	50x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.5941	+0.092%	$595K	$246K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.5919	+0.007%	$2.8M	$1.6M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.5929	+0.046%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.5945	+0.109%	$616K	$677K	—	as long as short
SoDEX MORPHO-USDshort	+0.0100%	1h	2.5922	+0.019%	$21K	$4K	5x
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.5940	+0.087%	$1K	—	100x	as long as short