MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+15.6729%/8h= +17161.9% APRnext payment +$195.91 per $10,000 · paid last 24h +9.847%

Price spread now: GMX against SoDEX+0.198%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on GMX

What this pair did over the last

the charts below follow

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—needs both histories

Both sides work for this trade now. Funding pays +$4,702 a day on $10k at the current rate, and GMX is 0.198% dearer against SoDEX than usual: you sell high and buy low: +$20 more if the spread 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	SoDEX MORPHO-USD	2.6037	0.0100	pay 0.0013% / 1h	52m 08s	$21K	$4K	5x
Short	GMX MORPHO/USD [ETH-USDC]	2.6088	L +0.0186% / S −15.6829%	get 1.9604% / 1h	52m 08s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee GMXbpOrdersPrice spread, now +0.198%Rate

Funding earned: $32,913.17
Price spread: +0.198% → 0.000%: $19.77
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $32,912.94
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: SoDEX: no order-book sample; GMX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

SoDEX and GMX: 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	−0.1665%	1h	2.6018	−0.073%	$81K	$128K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1245%	1h	2.6050	+0.050%	$11K	$759	10x	as long as short
01 Exchange MORPHOUSD	−0.0800%	1h	2.6033	−0.015%	$855	$9K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0248%	1h	2.6092	+0.211%	$25K	$1.7M	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0232%	4h	2.6112	+0.288%	$32K	$142K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0224%	1h	2.6172	+0.518%	$75K	$42K	25x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6112	+0.288%	$638K	$239K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0154%	4h	2.6050	+0.050%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.6088	+0.198%	$16	—	10x	as long as short
Gate MORPHO_USDT	−0.0002%	4h	2.6114	+0.296%	$756K	$478K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix MORPHO	0.0000%	1h	2.6144	+0.411%	$43K	$370K	5x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+1.509%	$37	$242K	5.5x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6088	+0.194%	$313K	$309K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6074	+0.144%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6101	+0.246%	$6.1M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6117	+0.306%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6046	+0.035%	$15.7M	$25.3M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6076	+0.150%	$8.2M	$9.2M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6081	+0.169%	$3.2M	$4.3M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6040	+0.012%	$5.8M	$788K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6108	+0.273%	$593K	$251K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6099	+0.238%	$2.8M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6115	+0.300%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6166	+0.494%	$623K	$847K	—	as long as short
SoDEX MORPHO-USDlong	+0.0100%	1h	2.6037	long leg	$21K	$4K	5x
Extended MORPHO-USD	+0.0104%	1h	2.6039	+0.008%	$100K	$348K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]short	L +0.0186% / S −15.6829%	1h	2.6088	+0.198%	$1K	—	100x