Funding you earn now, next payment 07:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.13 per $10,000 · paid last 24h −0.031%
Price spread now: Reya against SoDEX−0.044%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 0.044% cheaper against SoDEX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.5933 | 0.0100 | pay 0.0013% / 1h | 35m 39s | $21K | $4K | 5x |
| Short | Reya MORPHORUSDPERP | 2.5922 | −0.0005 | pay 0.0001% / 1h | 35m 39s | $16 | — | 10x |
SoDEX MORPHO-USD
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$21.96
- Price spread: −0.044% → 0.000%
- −$4.39
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$40.35
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: SoDEX: 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Reya no order-book sample | — | — | — | — | — |
SoDEX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.1376% | 1h | 2.5924 | −0.034% | $82K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1252% | 1h | 2.5930 | −0.012% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1128% | 1h | 2.5856 | −0.297% | $850 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5947 | +0.054% | $73K | $40K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0385% | 1h | 2.5937 | +0.015% | $25K | $1.5M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0358% | 4h | 2.5956 | +0.089% | $30K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0243% | 4h | 2.5955 | +0.085% | $7.9M | $8.6M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0188% | 4h | 2.5927 | −0.023% | $636K | $240K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0141% | 4h | 2.5930 | −0.012% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0092% | 1h | 2.6008 | +0.289% | $33K | $339K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
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 | 2.5922 | −0.044% | $16 | — | 10x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.916% | $37 | $242K | 5.5x | as long as short |
| Variational Omni MORPHO | +0.0055% | 4h | 2.5925 | −0.029% | $618K | $677K | — | as long as short |
| Gate MORPHO_USDT | +0.0060% | 4h | 2.5954 | +0.081% | $764K | $510K | 50x | as long as short |
| Binance MORPHOUSDT | +0.0091% | 4h | 2.5947 | +0.055% | $15.7M | $24.5M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0094% | 4h | 2.5950 | +0.066% | $6.2M | $896K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6000 | +0.257% | $313K | $294K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.5941 | +0.031% | $99K | $346K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5927 | −0.022% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6000 | +0.256% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5994 | +0.234% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5967 | +0.131% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5977 | +0.170% | $590K | $258K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5935 | +0.008% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5954 | +0.081% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.5933 | long leg | $21K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5963 | +0.115% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Variational Omni MORPHO
Gate MORPHO_USDT
Binance MORPHOUSDT
MEXC MORPHO_USDT
Lighter MORPHO
Extended MORPHO-USD
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]