Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SoDEX against OKX−0.121%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 0.121% cheaper against OKX than usual: you would sell low and buy high, −$12 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 | OKX MORPHO-USDT-SWAP | 2.6402 | 0.0100 | pay 0.0050% / 4h | 1h 07m | $3.2M | $4.4M | 20x |
| Short | SoDEX MORPHO-USD | 2.6370 | 0.0100 | get 0.0013% / 1h | 7m 56s | $22K | $4K | 5x |
OKX MORPHO-USDT-SWAP
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against OKX. 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: −0.121% → 0.000%
- −$12.12
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$30.12
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago | 0.76 bp | 19.4 bp −$19 | doesn't fit | 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 | −0.1862% | 1h | 2.6361 | −0.154% | $81K | $152K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1378% | 1h | 2.6365 | −0.140% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1168% | 1h | 2.6327 | −0.284% | $865 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0691% | 1h | 2.6391 | −0.042% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0574% | 4h | 2.6418 | +0.061% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0423% | 4h | 2.6400 | −0.008% | $8.4M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.106% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6469 | +0.254% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0211% | 4h | 2.6388 | −0.053% | $639K | $249K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0148% | 4h | 2.6373 | −0.110% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
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 | −0.0120% | 4h | 2.6397 | −0.019% | $767K | $534K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6431 | +0.110% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0079% | 4h | 2.6416 | +0.055% | $628K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6385 | −0.063% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0028% | 4h | 2.6368 | −0.129% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0029% | 4h | 2.6369 | −0.125% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0032% | 1h | 2.6370 | −0.123% | $103K | $301K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6411 | +0.033% | $314K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6395 | −0.027% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6438 | +0.136% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6391 | −0.042% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.6402 | long leg | $3.2M | $4.4M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6406 | +0.015% | $590K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6416 | +0.053% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6392 | −0.038% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.6370 | −0.121% | $22K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6412 | +0.038% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]