Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%
Price spread now: Paradex against Extended+0.013%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
=Together, before fees—+ Points / potential airdropExtended: Active · Paradex: Active · farm boardneeds both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.5957 | 0.0104 | pay 0.0013% / 1h | 56m 18s | $100K | $342K | 10x |
| Short | Paradex MORPHO-USD-PERP | 2.5960 | 0.0100 | get 0.0100% / 8h | 1h 56m | $5K | $3 | 5x |
Extended MORPHO-USD
Paradex MORPHO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Extended. 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
- −$0.84
- Price spread: +0.013% → 0.000%
- $1.29
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$8.55
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 51 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 Extended live order book, 51 min ago | 2.70 bp | 22.6 bp −$23 | 198.8 bp −$1,988 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1634% | 1h | 2.5964 | +0.027% | $11K | $2K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1376% | 1h | 2.5938 | −0.073% | $81K | $137K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0992% | 1h | 2.5920 | −0.142% | $852 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5977 | +0.078% | $73K | $40K | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0270% | 4h | 2.6056 | +0.383% | $30K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0251% | 1h | 2.5982 | +0.097% | $27K | $1.5M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5976 | +0.074% | $639K | $240K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.6094 | +0.528% | $34K | $315K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0123% | 4h | 2.5962 | +0.020% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5958 | +0.006% | $16 | — | 10x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.823% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5989 | +0.125% | $312K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | +0.0100% | 8h | 2.5960 | +0.013% | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6009 | +0.201% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6000 | +0.168% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5965 | +0.030% | $15.7M | $24.5M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5972 | +0.058% | $8.0M | $8.6M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5985 | +0.108% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5981 | +0.093% | $766K | $508K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5964 | +0.027% | $6.2M | $895K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5989 | +0.124% | $592K | $256K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5959 | +0.008% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5974 | +0.066% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6055 | +0.379% | $620K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5955 | −0.007% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USDlong | +0.0104% | 1h | 2.5957 | long leg | $100K | $342K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0184% / S −15.5103% | 1h | 2.5990 | +0.128% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]