Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Paradex against OKX−0.057%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.057% cheaper against OKX than usual: you would sell low and buy high, −$6 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 | OKX MORPHO-USDT-SWAP | 2.5945 | 0.0100 | pay 0.0050% / 4h | 47m 05s | $3.2M | $4.2M | 20x |
| Short | Paradex MORPHO-USD-PERP | 2.5930 | 0.0100 | get 0.0100% / 8h | 47m 05s | $5K | $3 | 5x |
OKX MORPHO-USDT-SWAP
Paradex MORPHO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against OKX. 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: −0.057% → 0.000%
- −$5.71
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$19.71
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 5 min ago; Paradex: 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 OKX live order book, 5 min ago | 1.54 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.1464% | 1h | 2.5866 | −0.304% | $850 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1443% | 1h | 2.5938 | −0.027% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1231% | 1h | 2.5916 | −0.113% | $84K | $133K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0580% | 4h | 2.5873 | −0.278% | $30K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0496% | 1h | 2.5832 | −0.436% | $71K | $36K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0429% | 4h | 2.5960 | +0.058% | $7.9M | $8.7M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0393% | 1h | 2.5947 | +0.008% | $24K | $1.4M | 5x | as long as short |
| Variational Omni MORPHO | −0.0200% | 4h | 2.5890 | −0.212% | $617K | $676K | — | as long as short |
| Phoenix MORPHO | −0.0185% | 1h | 2.5894 | −0.197% | $33K | $336K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0175% | 4h | 2.5931 | −0.054% | $10K | $34K | 10x | as long as short |
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Variational Omni MORPHO
Phoenix MORPHO
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MORPHO-USDT | −0.0080% | 4h | 2.5938 | −0.027% | $637K | $240K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0036% | 4h | 2.5957 | +0.046% | $761K | $502K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5941 | −0.015% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0004% | 4h | 2.5925 | −0.077% | $6.3M | $902K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0004% | 4h | 2.5920 | −0.096% | $15.6M | $24.6M | 75x | as long as short |
| Extended MORPHO-USD | 0.0000% | 1h | 2.5922 | −0.090% | $99K | $342K | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.869% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5928 | −0.067% | $312K | $287K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | +0.0100% | 8h | 2.5930 | −0.057% | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5975 | +0.116% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5932 | −0.051% | $55K | $44K | 20x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.5945 | long leg | $3.2M | $4.2M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5956 | +0.042% | $591K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5931 | −0.054% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5945 | 0.000% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5932 | −0.050% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5967 | +0.085% | $1K | — | 100x | as long as short |
BloFin MORPHO-USDT
Gate MORPHO_USDT
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Injective MORPHO/USDC PERP
Lighter MORPHO
Hyperliquid MORPHO
Aster MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]