Funding you earn now, next payment 11:00 UTC−0.0644%/8h= −70.5% APRnext payment −$0.81 per $10,000 · paid last 24h −0.259%
Price spread now: 01 Exchange against SoDEX−0.096%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 against this trade now: funding costs −$19 a day on $10k at the current rate, and 01 Exchange is 0.096% cheaper against SoDEX than usual: you would sell low and buy high (−$10 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 | 2.6059 | 0.0100 | pay 0.0013% / 1h | 57m 49s | $21K | $5K | 5x |
| Short | 01 Exchange MORPHOUSD | 2.6034 | −0.0544 | pay 0.0068% / 1h | 57m 49s | $855 | $9K | 5x |
SoDEX MORPHO-USD
01 Exchange MORPHOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$135.24
- Price spread: −0.096% → 0.000%
- −$9.59
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$159.83
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample | — | — | — | — | — |
SoDEX and 01 Exchange: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1248% | 1h | 2.5962 | −0.372% | $53K | $55K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0976% | 1h | 2.6063 | +0.015% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSDshort | −0.0544% | 1h | 2.6034 | −0.096% | $855 | $9K | 5x | |
| Kraken Futures PF_MORPHOUSD | −0.0486% | 1h | 2.6072 | +0.048% | $81K | $130K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0314% | 4h | 2.6059 | 0.000% | $10K | $33K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6039 | −0.077% | $637K | $235K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.0180% | 4h | 2.6057 | −0.008% | $7.8M | $7.6M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0144% | 4h | 2.6104 | +0.174% | $39K | $114K | 10x | as long as short |
| Phoenix MORPHO | −0.0122% | 1h | 2.6108 | +0.188% | $33K | $287K | 5x | as long as short |
| Variational Omni MORPHO | −0.0121% | 4h | 2.6074 | +0.057% | $621K | $323K | — | as long as short |
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDT
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Phoenix MORPHO
Variational Omni MORPHOShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MORPHOUSDT | −0.0068% | 4h | 2.6087 | +0.109% | $57K | $51K | 20x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6040 | −0.075% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.424% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6102 | +0.167% | $313K | $245K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6041 | −0.070% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6097 | +0.146% | $6.0M | $6.6M | 5x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6056 | −0.011% | $15.6M | $22.3M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6076 | +0.065% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6065 | +0.023% | $763K | $455K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6057 | −0.008% | $6.5M | $956K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6074 | +0.058% | $582K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6077 | +0.069% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6065 | +0.023% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.6061 | +0.008% | $25K | $1.2M | 5x | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.6059 | long leg | $21K | $5K | 5x | |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6050 | −0.035% | $107K | $378K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S −12.8912% | 1h | 2.6068 | +0.033% | $1K | — | 100x | as long as short |
Aster MORPHOUSDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]