Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: SoDEX against Lighter−0.175%7-day average — · you buy dearer than you sell
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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.175% cheaper against Lighter than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6574 | 0.0096 | pay 0.0012% / 1h | 55m 05s | $316K | $331K | 5x |
| Short | SoDEX MORPHO-USD | 2.6528 | 0.0100 | get 0.0013% / 1h | 55m 05s | $22K | $4K | 5x |
Lighter MORPHO
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: −0.175% → 0.000%
- −$17.46
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$24.62
- Costs to cover
- 0.080%
- Break-even
- 212.2 days
Slippage unknown: Lighter: live order book, 14 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 Lighter live order book, 14 min ago | 13.48 bp | 19.3 bp −$19 | 175.0 bp −$1,750 | 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 | −0.1754% | 1h | 2.6515 | −0.224% | $82K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1030% | 1h | 2.6532 | −0.160% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6531 | −0.162% | $29K | $134K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0440% | 1h | 2.6508 | −0.250% | $871 | $12K | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.543% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0380% | 4h | 2.6540 | −0.129% | $8.5M | $9.2M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0379% | 1h | 2.6538 | −0.137% | $26K | $1.7M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.300% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0222% | 4h | 2.6525 | −0.186% | $637K | $250K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6535 | −0.148% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
01 Exchange MORPHOUSD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
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 | 2.6561 | −0.050% | $772K | $531K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6642 | +0.254% | $44K | $477K | 5x | as long as short |
| Variational Omni MORPHO | −0.0070% | 4h | 2.6541 | −0.124% | $631K | $1.1M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6535 | −0.147% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6525 | −0.187% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0018% | 4h | 2.6523 | −0.193% | $16.0M | $25.8M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0018% | 4h | 2.6526 | −0.182% | $5.4M | $939K | 100x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.6574 | long leg | $316K | $331K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6523 | −0.194% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6593 | +0.070% | $6.3M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6555 | −0.072% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6526 | −0.182% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6572 | −0.009% | $596K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6566 | −0.032% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6544 | −0.114% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.6528 | −0.175% | $22K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6563 | −0.044% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]