Funding you earn now, next payment 07:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.031%
Price spread now: Reya against Paradex+0.064%7-day average — · you sell dearer than you buy
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 airdropParadex: Active · Reya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Reya is 0.064% dearer against Paradex than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.5917 | 0.0100 | pay 0.0100% / 8h | 1h 37m | $5K | $3 | 5x |
| Short | Reya MORPHORUSDPERP | 2.5934 | −0.0005 | pay 0.0001% / 1h | 37m 31s | $16 | — | 10x |
Paradex MORPHO-USD-PERP
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$21.96
- Price spread: +0.064% → 0.000%
- $6.42
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$25.54
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Reya: 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 Reya no order-book sample | — | — | — | — | — |
Paradex and Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1444% | 1h | 2.5923 | +0.023% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1377% | 1h | 2.5908 | −0.035% | $82K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1120% | 1h | 2.5869 | −0.185% | $850 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5948 | +0.120% | $73K | $40K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0389% | 1h | 2.5948 | +0.120% | $25K | $1.5M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0358% | 4h | 2.5956 | +0.150% | $30K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0203% | 4h | 2.5944 | +0.104% | $7.9M | $8.6M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5919 | +0.008% | $636K | $240K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0137% | 4h | 2.5932 | +0.058% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0092% | 1h | 2.6008 | +0.351% | $33K | $339K | 5x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
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 MORPHORUSDPERPshort | −0.0005% | 1h | 2.5934 | +0.064% | $16 | — | 10x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.979% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0070% | 4h | 2.5942 | +0.097% | $763K | $510K | 50x | as long as short |
| Binance MORPHOUSDT | +0.0094% | 4h | 2.5934 | +0.066% | $15.7M | $24.5M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5984 | +0.259% | $312K | $294K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.5926 | +0.034% | $99K | $346K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0096% | 4h | 2.5933 | +0.062% | $6.2M | $896K | 100x | as long as short |
| Paradex MORPHO-USD-PERPlong | +0.0100% | 8h | 2.5917 | long leg | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5983 | +0.255% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5986 | +0.265% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5953 | +0.139% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5974 | +0.220% | $590K | $258K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5940 | +0.089% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5941 | +0.093% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5955 | +0.148% | $619K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5922 | +0.019% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5980 | +0.245% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Extended MORPHO-USD
MEXC MORPHO_USDT
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]