Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Lighter against SoDEX+0.162%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 airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.162% dearer against SoDEX than usual: you sell high and buy low, +$16 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 | SoDEX MORPHO-USD | 2.6550 | 0.0100 | pay 0.0013% / 1h | 3m 30s | $22K | $4K | 5x |
| Short | Lighter MORPHO | 2.6593 | 0.0096 | get 0.0012% / 1h | 3m 30s | $317K | $331K | 5x |
SoDEX MORPHO-USD
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- −$0.84
- Price spread: +0.162% → 0.000%
- $16.23
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.39
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 1 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 1 min ago | 21.76 bp | 25.7 bp −$26 | 182.3 bp −$1,823 | doesn't fit | doesn't fit |
SoDEX: 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 | −0.1752% | 1h | 2.6537 | −0.049% | $81K | $143K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1179% | 1h | 2.6557 | +0.026% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0864% | 1h | 2.6495 | −0.207% | $871 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0467% | 1h | 2.6552 | +0.008% | $28K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0450% | 4h | 2.6509 | −0.153% | $41K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.452% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0362% | 4h | 2.6550 | 0.000% | $8.4M | $9.3M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6546 | −0.015% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0201% | 4h | 2.6491 | −0.221% | $630K | $1.0M | — | as long as short |
| BloFin MORPHO-USDT | −0.0187% | 4h | 2.6506 | −0.166% | $637K | $253K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6554 | +0.015% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0062% | 4h | 2.6550 | 0.000% | $770K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6548 | −0.008% | $43K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6555 | +0.020% | $16 | — | 10x | as long as short |
| Aster MORPHOUSDT | +0.0053% | 4h | 2.6547 | −0.010% | $58K | $30K | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0054% | 4h | 2.6536 | −0.053% | $5.5M | $961K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0054% | 4h | 2.6545 | −0.019% | $16.1M | $26.0M | 75x | as long as short |
| Extended MORPHO-USD | +0.0056% | 1h | 2.6532 | −0.069% | $103K | $298K | 10x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6593 | +0.162% | $317K | $331K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6538 | −0.044% | $5K | $3 | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6555 | +0.019% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6560 | +0.038% | $595K | $267K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6563 | +0.049% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6559 | +0.034% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.6550 | long leg | $22K | $4K | 5x | |
| Hyperliquid MORPHO | +0.0103% | 1h | 2.6626 | +0.286% | $6.3M | $7.0M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6592 | +0.159% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Aster MORPHOUSDT
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Paradex MORPHO-USD-PERP
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]