Funding you earn now, next payment 00:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h 0.000%
Price spread now: Paradex against Binance+0.098%7-day average — · you sell dearer than you buy
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
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.098% dearer against Binance than usual: you sell high and buy low: +$10 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 | Binance MORPHOUSDT | 2.6451 | 0.0043 | pay 0.0021% / 4h | 1h 19m | $16.1M | $25.8M | 75x |
| Short | Paradex MORPHO-USD-PERP | 2.6477 | 0.0100 | get 0.0100% / 8h | 1h 19m | $5K | $3 | 5x |
Binance MORPHOUSDT
Paradex MORPHO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Binance. 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
- $12.06
- Price spread: +0.098% → 0.000%
- $9.8
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $7.86
- Costs to cover
- 0.140%
- Break-even
- 2.4 days
Slippage unknown: Binance: live order book, 7 min ago; Paradex: 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 Binance live order book, 7 min ago | 1.33 bp | 15.8 bp −$16 | 39.8 bp −$398 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | −0.1856% | 1h | 2.6438 | −0.049% | $83K | $150K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1297% | 1h | 2.6457 | +0.023% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1176% | 1h | 2.6415 | −0.136% | $868 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0698% | 1h | 2.6464 | +0.050% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0570% | 4h | 2.6439 | −0.045% | $29K | $146K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0472% | 4h | 2.6467 | +0.061% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | −0.079% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6413 | −0.143% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0197% | 4h | 2.6470 | +0.072% | $639K | $247K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6461 | +0.038% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0140% | 4h | 2.6474 | +0.087% | $769K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6403 | −0.181% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0076% | 4h | 2.6437 | −0.054% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6466 | +0.057% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0038% | 4h | 2.6446 | −0.018% | $5.4M | $1.1M | 100x | as long as short |
| Extended MORPHO-USD | +0.0040% | 1h | 2.6446 | −0.019% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDTlong | +0.0043% | 4h | 2.6451 | long leg | $16.1M | $25.8M | 75x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6495 | +0.166% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | +0.0100% | 8h | 2.6477 | +0.098% | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6515 | +0.242% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6472 | +0.079% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6455 | +0.016% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6479 | +0.106% | $592K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6471 | +0.076% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6463 | +0.046% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6455 | +0.016% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6496 | +0.172% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Lighter MORPHO
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]