Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against SoDEX+0.035%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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.035% dearer against SoDEX than usual: you sell high and buy low, +$3 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 | SoDEX MORPHO-USD | 2.5794 | 0.0100 | pay 0.0013% / 1h | 33m 15s | $21K | $4K | 5x |
| Short | BingX MORPHO-USDT | 2.5803 | 0.0100 | get 0.0050% / 4h | 2h 33m | — | $1.4M | — |
SoDEX MORPHO-USD
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against SoDEX. 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: +0.035% → 0.000%
- $3.49
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$14.51
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; BingX: live order book, 9 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 9 min ago | 1.93 bp | 15.6 bp −$16 | 31.4 bp −$314 | 249.8 bp −$25.0K | 586.3 bp −$293.1K |
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 | −0.1565% | 1h | 2.5789 | −0.021% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1221% | 1h | 2.5789 | −0.019% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0888% | 1h | 2.5756 | −0.147% | $846 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0394% | 4h | 2.5854 | +0.233% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5827 | +0.128% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0177% | 4h | 2.5803 | +0.035% | $634K | $241K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5858 | +0.248% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5789 | −0.019% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5793 | −0.004% | $15 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0016% | 1h | 2.5809 | +0.058% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.466% | $37 | $242K | 5.5x | as long as short |
| Extended MORPHO-USD | +0.0088% | 1h | 2.5791 | −0.010% | $103K | $343K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0088% | 4h | 2.5790 | −0.016% | $6.2M | $909K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0089% | 4h | 2.5797 | +0.012% | $15.6M | $24.1M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5836 | +0.162% | $311K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5790 | −0.014% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5832 | +0.147% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5806 | +0.047% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5810 | +0.062% | $7.9M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5820 | +0.101% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5809 | +0.058% | $766K | $485K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5832 | +0.147% | $593K | $246K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5806 | +0.047% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.5803 | +0.035% | — | $1.4M | — | |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5866 | +0.279% | $615K | $677K | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.5794 | long leg | $21K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S +0.0037% | 1h | 2.5817 | +0.091% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Variational Omni MORPHO
GMX MORPHO/USD [ETH-USDC]