Funding you earn now, next payment 09:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.007%
Price spread now: Extended against Paradex+0.017%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 airdropParadex: Active · Extended: Active · farm boardneeds 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: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.6133 | 0.0100 | pay 0.0100% / 8h | 7h 00m | $5K | $203 | 5x |
| Short | Extended MORPHO-USD | 2.6138 | −0.0088 | pay 0.0011% / 1h | 0m 42s | $104K | $373K | 10x |
Paradex MORPHO-USD-PERP
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Paradex. 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
- −$39.48
- Price spread: +0.017% → 0.000%
- $1.7
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$46.78
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Extended: live order book, 32 min ago. 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Extended live order book, 32 min ago | 3.70 bp | 23.5 bp −$23 | 250.0 bp −$2,500 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.2430% | 1h | 2.6161 | +0.107% | $85K | $126K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0688% | 1h | 2.6110 | −0.089% | $858 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0629% | 1h | 2.6152 | +0.072% | $11K | $3K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.4321 | −6.935% | $66K | $36K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0329% | 4h | 2.6143 | +0.037% | $634K | $232K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0326% | 4h | 2.6134 | +0.003% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0293% | 4h | 2.6147 | +0.051% | $57K | $50K | 20x | as long as short |
| Variational Omni MORPHO | −0.0201% | 4h | 2.6140 | +0.026% | $622K | $525K | — | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0182% | 4h | 2.6118 | −0.058% | $39K | $136K | 10x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.6144 | +0.041% | $33K | $308K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDT
Variational Omni MORPHO
GRVT MORPHO_USDT_Perp
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | −0.0094% | 4h | 2.6142 | +0.033% | $6.5M | $944K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0089% | 4h | 2.6138 | +0.018% | $15.7M | $23.2M | 75x | as long as short |
| Extended MORPHO-USDshort | −0.0088% | 1h | 2.6138 | +0.017% | $104K | $373K | 10x | |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6138 | +0.020% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.135% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6176 | +0.164% | $315K | $284K | 5x | as long as short |
| Paradex MORPHO-USD-PERPlong | +0.0100% | 8h | 2.6133 | long leg | $5K | $203 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6185 | +0.198% | $6.0M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6140 | +0.026% | $7.9M | $8.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6160 | +0.102% | $3.2M | $4.2M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6156 | +0.087% | $767K | $490K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6170 | +0.141% | $577K | $261K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6134 | +0.003% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6154 | +0.079% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.6150 | +0.064% | $25K | $1.3M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6144 | +0.041% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0202% / S −17.1882% | 1h | 2.6158 | +0.096% | $1K | — | 100x | as long as short |
MEXC MORPHO_USDT
Binance MORPHOUSDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]