Funding you earn now, next payment 00:00 UTC−0.0244%/8h= −26.8% APRpaid last 24h −0.065%
Price spread now: Orderly against SoDEX+0.008%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—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.6617 | 0.0100 | pay 0.0013% / 1h | 58m 05s | $22K | $4K | 5x |
| Short | Orderly PERP_MORPHO_USDC | 2.6619 | −0.0144 | pay 0.0072% / 4h | 58m 05s | $10K | $34K | 10x |
SoDEX MORPHO-USD
Orderly PERP_MORPHO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$51.34
- Price spread: +0.008% → 0.000%
- $0.75
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$64.59
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
SoDEX and Orderly: 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 | −0.1749% | 1h | 2.6587 | −0.114% | $82K | $147K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0688% | 1h | 2.6633 | +0.060% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0566% | 4h | 2.6430 | −0.703% | $29K | $134K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0424% | 1h | 2.6627 | +0.038% | $875 | $12K | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.703% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0379% | 4h | 2.6640 | +0.086% | $8.5M | $9.3M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6642 | +0.094% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0226% | 4h | 2.6571 | −0.173% | $642K | $251K | 20x | as long as short |
| Orderly PERP_MORPHO_USDCshort | −0.0144% | 4h | 2.6619 | +0.008% | $10K | $34K | 10x | |
| Gate MORPHO_USDT | −0.0114% | 4h | 2.6620 | +0.011% | $773K | $530K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
01 Exchange MORPHOUSD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0090% | 1h | 2.6447 | −0.639% | $43K | $467K | 5x | as long as short |
| Variational Omni MORPHO | −0.0088% | 4h | 2.6431 | −0.697% | $628K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6626 | +0.034% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0014% | 4h | 2.6634 | +0.064% | $5.5M | $939K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0014% | 4h | 2.6635 | +0.068% | $16.2M | $25.9M | 75x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6634 | +0.065% | $103K | $301K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0022% | 1h | 2.6625 | +0.030% | $26K | $1.7M | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6666 | +0.184% | $317K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6622 | +0.020% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6624 | +0.027% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6636 | +0.071% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6625 | +0.030% | $600K | $268K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6644 | +0.101% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6632 | +0.056% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.6617 | long leg | $22K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6650 | +0.125% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0227% | 1h | 2.6687 | +0.263% | $6.3M | $7.1M | 5x | as long as short |
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Polymarket Perps MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO