Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%
Price spread now: Hyperliquid against Paradex+0.154%7-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
=Together, before fees—+ Points / potential airdropParadex: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.154% dearer against Paradex than usual: you sell high and buy low, +$15 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 | Paradex MORPHO-USD-PERP | 2.6058 | 0.0100 | pay 0.0100% / 8h | 3h 36m | $5K | $3 | 5x |
| Short | Hyperliquid MORPHO | 2.6098 | 0.0100 | get 0.0013% / 1h | 36m 18s | $6.1M | $6.8M | 5x |
Paradex MORPHO-USD-PERP
Hyperliquid MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- Price spread: +0.154% → 0.000%
- $15.36
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $2.36
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago | 0.19 bp | 15.2 bp −$15 | doesn't fit | 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 | −0.2171% | 1h | 2.5999 | −0.228% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1400% | 1h | 2.6013 | −0.173% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0912% | 1h | 2.6008 | −0.192% | $855 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0570% | 4h | 2.5991 | −0.257% | $34K | $140K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0379% | 4h | 2.6067 | +0.035% | $8.1M | $8.5M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0216% | 1h | 2.6059 | +0.004% | $25K | $1.5M | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6099 | +0.157% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6103 | +0.173% | $638K | $242K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0136% | 4h | 2.6018 | −0.153% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6066 | +0.031% | $43K | $337K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6043 | −0.059% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | +0.0016% | 4h | 2.6067 | +0.035% | $764K | $470K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.428% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6093 | +0.135% | $313K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERPlong | +0.0100% | 8h | 2.6058 | long leg | $5K | $3 | 5x | |
| Hyperliquid MORPHOshort | +0.0100% | 1h | 2.6098 | +0.154% | $6.1M | $6.8M | 5x | |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6086 | +0.108% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6032 | −0.101% | $15.7M | $24.0M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6034 | −0.092% | $3.2M | $4.0M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6045 | −0.050% | $6.0M | $834K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6073 | +0.058% | $594K | $248K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6027 | −0.119% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6064 | +0.023% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5995 | −0.240% | $620K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6011 | −0.180% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6024 | −0.130% | $101K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6070 | +0.046% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
Lighter MORPHO
Aster MORPHOUSDT
Binance 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]