Funding you earn now, next payment 10:00 UTC+0.1348%/8h= +147.6% APRpaid last 24h +0.092%
Price spread now: Paradex against Coinbase International+1.210%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 +$40 a day on $10k at the current rate, and Paradex is 1.210% dearer against Coinbase International than usual: you sell high and buy low: +$121 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 | Coinbase International MORPHO-PERP-INTX | 2.5413 | −0.1248 | get 0.0156% / 1h | 27m 50s | $52K | $54K | 25x |
| Short | Paradex MORPHO-USD-PERP | 2.5720 | 0.0100 | get 0.0100% / 8h | 5h 27m | $5K | $200 | 5x |
Coinbase International MORPHO-PERP-INTX
Paradex MORPHO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Coinbase International. 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
- $283.08
- Price spread: +1.210% → 0.000%
- $121
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $390.08
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Coinbase International and 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 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-INTXlong | −0.1248% | 1h | 2.5413 | long leg | $52K | $54K | 25x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.0992% | 1h | 2.5734 | +1.263% | $10K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0816% | 1h | 2.5698 | +1.121% | $5K | $13K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.0493% | 1h | 2.5740 | +1.288% | $82K | $134K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.0292% | 4h | 2.5731 | +1.251% | $7.7M | $7.4M | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0284% | 4h | 2.5731 | +1.251% | $10K | $33K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0222% | 4h | 2.5686 | +1.073% | $38K | $114K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5682 | +1.059% | $637K | $225K | 20x | as long as short |
| Variational Omni MORPHO | −0.0143% | 4h | 2.5694 | +1.106% | $611K | $202K | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.0042% | 1h | 2.5749 | +1.322% | $25K | $1.1M | 5x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Kraken Futures PF_MORPHOUSD
Bybit MORPHOUSDT
Orderly PERP_MORPHO_USDC
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDT
Variational Omni MORPHO
Polymarket Perps MORPHO-USDShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0031% | 1h | 2.5735 | +1.267% | $33K | $287K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5725 | +1.229% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +4.002% | $37 | $242K | 5.5x | as long as short |
| Aster MORPHOUSDT | +0.0081% | 4h | 2.5784 | +1.458% | $56K | $51K | 20x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5777 | +1.433% | $309K | $246K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | +0.0100% | 8h | 2.5720 | +1.210% | $5K | $200 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5751 | +1.330% | $5.9M | $6.4M | 5x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5697 | +1.117% | $15.3M | $22.4M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5689 | +1.086% | $3.1M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5715 | +1.188% | $752K | $459K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5700 | +1.129% | $6.5M | $968K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5743 | +1.299% | $593K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5685 | +1.070% | $2.7M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5708 | +1.161% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5729 | +1.243% | $21K | $5K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5695 | +1.110% | $105K | $392K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −20.7321% | 1h | 2.5723 | +1.221% | $2K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Aster MORPHOUSDT
Lighter MORPHO
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]