Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%
Price spread now: Lighter against Paradex+0.177%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 · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.177% dearer against Paradex than usual: you sell high and buy low, +$18 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 | Paradex MORPHO-USD-PERP | 2.6415 | 0.0100 | pay 0.0100% / 8h | 1h 15m | $5K | $3 | 5x |
| Short | Lighter MORPHO | 2.6462 | 0.0096 | get 0.0012% / 1h | 15m 39s | $315K | $334K | 5x |
Paradex MORPHO-USD-PERP
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.83
- Price spread: +0.177% → 0.000%
- $17.65
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $12.82
- Costs to cover
- 0.040%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 59 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 Lighter live order book, 59 min ago | 14.65 bp | 16.9 bp −$17 | 164.1 bp −$1,641 | 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 | −0.1856% | 1h | 2.6439 | +0.089% | $81K | $151K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1374% | 1h | 2.6440 | +0.094% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1168% | 1h | 2.6366 | −0.186% | $866 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0702% | 1h | 2.6442 | +0.102% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0564% | 4h | 2.6426 | +0.042% | $29K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0484% | 4h | 2.6440 | +0.094% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.056% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6413 | −0.008% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0197% | 4h | 2.6420 | +0.018% | $638K | $247K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0146% | 4h | 2.6444 | +0.109% | $768K | $533K | 50x | 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
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6441 | +0.098% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6474 | +0.223% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0076% | 4h | 2.6437 | +0.081% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6447 | +0.120% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0038% | 4h | 2.6421 | +0.022% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0038% | 4h | 2.6429 | +0.052% | $16.1M | $25.8M | 75x | as long as short |
| Extended MORPHO-USD | +0.0040% | 1h | 2.6423 | +0.031% | $103K | $301K | 10x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6462 | +0.177% | $315K | $334K | 5x | |
| Paradex MORPHO-USD-PERPlong | +0.0100% | 8h | 2.6415 | long leg | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6486 | +0.269% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6437 | +0.083% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6448 | +0.124% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6472 | +0.215% | $592K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6438 | +0.086% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6439 | +0.090% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6445 | +0.113% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3377% | 1h | 2.6481 | +0.249% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]