Funding you earn now, next payment 02:00 UTC−0.0804%/8h= −88.0% APRpaid last 24h −0.288%
Price spread now: Deribit against Paradex−0.026%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
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Deribit is 0.026% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.6190 | 0.0100 | pay 0.0100% / 8h | 6h 07m | $5K | $3 | 5x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.6183 | −0.0704 | pay 0.0088% / 1h | 7m 24s | $11K | $955 | 10x |
Paradex MORPHO-USD-PERP
Deribit MORPHO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$168.82
- Price spread: −0.026% → 0.000%
- −$2.57
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$182.39
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Deribit: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Paradex and Deribit: 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 26 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 | −0.1914% | 1h | 2.6170 | −0.076% | $80K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALshort | −0.0704% | 1h | 2.6183 | −0.026% | $11K | $955 | 10x | |
| 01 Exchange MORPHOUSD | −0.0464% | 1h | 2.6134 | −0.213% | $859 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6145 | −0.171% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0154% | 4h | 2.6179 | −0.041% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0140% | 1h | 2.6178 | −0.045% | $25K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0036% | 4h | 2.6050 | −0.533% | $32K | $142K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6174 | −0.060% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0030% | 1h | 2.6221 | +0.119% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.917% | $37 | $242K | 5.5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Reya MORPHORUSDPERP
Phoenix MORPHO
Injective MORPHO/USDC PERPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | +0.0046% | 4h | 2.6209 | +0.074% | $762K | $517K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6216 | +0.100% | $314K | $322K | 5x | as long as short |
| Paradex MORPHO-USD-PERPlong | +0.0100% | 8h | 2.6190 | long leg | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6228 | +0.145% | $6.1M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6206 | +0.061% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6163 | −0.102% | $15.9M | $25.8M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6186 | −0.014% | $8.2M | $9.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6188 | −0.007% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6160 | −0.113% | $5.7M | $973K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6201 | +0.043% | $595K | $253K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6198 | +0.032% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6194 | +0.016% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6255 | +0.251% | $626K | $912K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6172 | −0.068% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6192 | +0.010% | $101K | $355K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6198 | +0.031% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Lighter MORPHO
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]