Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against KuCoin−0.049%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
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.049% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it 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 | KuCoin MORPHOUSDTM | 2.6568 | 0.0100 | pay 0.0050% / 4h | 44m 03s | $595K | $270K | 50x |
| Short | SoDEX MORPHO-USD | 2.6555 | 0.0100 | get 0.0013% / 1h | 44m 03s | $22K | $4K | 5x |
KuCoin MORPHOUSDTM
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against KuCoin. 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
- Price spread: −0.049% → 0.000%
- −$4.89
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$24.89
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 19 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 KuCoin live order book, 19 min ago | 8.51 bp | 59.0 bp −$59 | 155.7 bp −$1,557 | 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 | −0.1752% | 1h | 2.6537 | −0.118% | $82K | $140K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0878% | 1h | 2.6568 | 0.000% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0664% | 1h | 2.6505 | −0.237% | $871 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0520% | 4h | 2.6609 | +0.153% | $29K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0510% | 1h | 2.6559 | −0.034% | $26K | $1.7M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.519% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.324% | $77K | $43K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0354% | 4h | 2.6548 | −0.075% | $8.4M | $9.2M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0218% | 4h | 2.6538 | −0.113% | $638K | $250K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6561 | −0.026% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
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 | −0.0108% | 4h | 2.6556 | −0.045% | $772K | $532K | 50x | as long as short |
| Variational Omni MORPHO | −0.0080% | 4h | 2.6542 | −0.099% | $630K | $1.0M | — | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6578 | +0.038% | $44K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6562 | −0.024% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0020% | 4h | 2.6543 | −0.094% | $5.4M | $940K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0022% | 4h | 2.6549 | −0.071% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0024% | 1h | 2.6553 | −0.058% | $103K | $301K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6590 | +0.083% | $317K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6527 | −0.155% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6631 | +0.239% | $6.3M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6547 | −0.081% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6558 | −0.038% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.6568 | long leg | $595K | $270K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6562 | −0.023% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6553 | −0.056% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.6555 | −0.049% | $22K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6591 | +0.088% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Variational Omni MORPHO
Phoenix MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]