Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: SoDEX against Extended0.000%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6459 | 0.0016 | pay 0.0002% / 1h | 23m 59s | $103K | $298K | 10x |
| Short | SoDEX MORPHO-USD | 2.6459 | 0.0100 | get 0.0013% / 1h | 23m 59s | $22K | $4K | 5x |
Extended MORPHO-USD
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $17.64
- Price spread: 0.000% → 0.000%
- −$0.03
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $4.61
- Costs to cover
- 0.130%
- Break-even
- 5.2 days
Slippage unknown: Extended: live order book, 53 min ago; SoDEX: 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, 53 min ago | 2.46 bp | 22.1 bp −$22 | 231.3 bp −$2,313 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | −0.1760% | 1h | 2.6413 | −0.173% | $80K | $142K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0912% | 1h | 2.6444 | −0.057% | $869 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0536% | 4h | 2.6481 | +0.084% | $29K | $134K | 10x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0505% | 1h | 2.6469 | +0.037% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0503% | 1h | 2.6463 | +0.015% | $28K | $1.7M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.110% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0363% | 4h | 2.6452 | −0.027% | $8.4M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6485 | +0.098% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0168% | 4h | 2.6477 | +0.068% | $628K | $1.0M | — | as long as short |
| BloFin MORPHO-USDT | −0.0161% | 4h | 2.6465 | +0.022% | $640K | $252K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6464 | +0.019% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0088% | 4h | 2.6467 | +0.030% | $769K | $532K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6433 | −0.099% | $43K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6460 | +0.005% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0008% | 4h | 2.6462 | +0.011% | $5.5M | $960K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0014% | 4h | 2.6465 | +0.022% | $16.0M | $25.9M | 75x | as long as short |
| Extended MORPHO-USDlong | +0.0016% | 1h | 2.6459 | long leg | $103K | $298K | 10x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6508 | +0.186% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6469 | +0.038% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6534 | +0.283% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6471 | +0.044% | $58K | $30K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6462 | +0.011% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6479 | +0.075% | $593K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6474 | +0.056% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6467 | +0.030% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.6459 | 0.000% | $22K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6489 | +0.114% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]