Funding you earn now, next payment 23:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h 0.000%
Price spread now: SoDEX against MEXC+0.015%7-day average — · you sell dearer than you buy
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6411 | 0.0022 | pay 0.0011% / 4h | 1h 04m | $5.4M | $1.1M | 100x |
| Short | SoDEX MORPHO-USD | 2.6415 | 0.0100 | get 0.0013% / 1h | 4m 13s | $22K | $4K | 5x |
MEXC MORPHO_USDT
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against MEXC. 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
- $16.38
- Price spread: +0.015% → 0.000%
- $1.51
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $5.89
- Costs to cover
- 0.120%
- Break-even
- 4.5 days
Slippage unknown: MEXC: live order book, 8 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 MEXC live order book, 8 min ago | 0.95 bp | 6.2 bp −$6 | 28.8 bp −$288 | 187.0 bp −$18.7K | 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 | −0.1859% | 1h | 2.6400 | −0.041% | $81K | $152K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1168% | 1h | 2.6344 | −0.254% | $866 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1111% | 1h | 2.6414 | +0.011% | $11K | $812 | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0683% | 1h | 2.6410 | −0.004% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0568% | 4h | 2.6407 | −0.016% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0440% | 4h | 2.6410 | −0.004% | $8.4M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.072% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6469 | +0.220% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0217% | 4h | 2.6391 | −0.076% | $639K | $249K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6404 | −0.027% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
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 | −0.0126% | 4h | 2.6410 | −0.004% | $767K | $534K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6431 | +0.076% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0080% | 4h | 2.6401 | −0.036% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6414 | +0.013% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6404 | −0.027% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0019% | 4h | 2.6421 | +0.038% | $16.1M | $25.8M | 75x | as long as short |
| MEXC MORPHO_USDTlong | +0.0022% | 4h | 2.6411 | long leg | $5.4M | $1.1M | 100x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6449 | +0.143% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6393 | −0.069% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6468 | +0.216% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6408 | −0.010% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6436 | +0.095% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6435 | +0.091% | $591K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6421 | +0.038% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6413 | +0.008% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.6415 | +0.015% | $22K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6444 | +0.124% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
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]