Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Paradex+0.054%48s7-day average — · you sell dearer than you buy
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: Binance is 0.054% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 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 | Paradex MORPHO-USD-PERP | 2.6438 | 0.0100 | pay 0.0100% / 8h | 1h 51m | $5K | $3 | 5x |
| Short | Binance MORPHOUSDT | 2.6452 | 0.0100 | get 0.0050% / 4h | 1h 51m | $16.1M | $26.2M | 75x |
Paradex MORPHO-USD-PERP
Binance MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Paradex. 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
- $0.03
- Price spread: +0.054% → 0.000%
- $5.38
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$8.59
- Costs to cover
- 0.140%
- Break-even
- 2234.6 days
Slippage unknown: Paradex: no order-book sample; Binance: live order book, 4 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.38 bp | 15.4 bp −$15 | 37.5 bp −$375 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.1860% | 1h | 2.6385 | −0.201% | $82K | $149K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1176% | 1h | 2.6407 | −0.116% | $868 | $13K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0921% | 1h | 2.6453 | +0.058% | $11K | $911 | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0609% | 4h | 2.6450 | +0.046% | $8.5M | $9.6M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0580% | 1h | 2.6455 | +0.065% | $26K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6541 | +0.392% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6610 | +0.651% | $37 | $198K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6617 | +0.678% | $77K | $45K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0204% | 4h | 2.6469 | +0.118% | $771K | $530K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6411 | −0.101% | $642K | $245K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
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 | −0.0161% | 4h | 2.6453 | +0.058% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6500 | +0.235% | $34K | $484K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6467 | +0.110% | $16 | — | 10x | as long as short |
| Variational Omni MORPHO | +0.0035% | 4h | 2.6558 | +0.454% | $643K | $1.2M | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6492 | +0.206% | $315K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERPlong | +0.0100% | 8h | 2.6438 | long leg | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6501 | +0.239% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6487 | +0.185% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDTshort | +0.0100% | 4h | 2.6452 | +0.054% | $16.1M | $26.2M | 75x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6462 | +0.092% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6441 | +0.012% | $5.5M | $1.0M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6470 | +0.122% | $618K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6480 | +0.160% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6462 | +0.092% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6453 | +0.058% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6448 | +0.038% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6477 | +0.147% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Variational Omni MORPHO
Lighter MORPHO
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]