Funding you earn now, next payment 07:00 UTC−0.0296%/8h= −32.4% APRpaid last 24h −0.090%
Price spread now: BloFin against SoDEX−0.019%56s7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.5959 | 0.0100 | pay 0.0013% / 1h | 1m 52s | $21K | $4K | 5x |
| Short | BloFin MORPHO-USDT | 2.5954 | −0.0196 | pay 0.0098% / 4h | 1h 01m | $637K | $240K | 20x |
SoDEX MORPHO-USD
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$62.07
- Price spread: −0.019% → 0.000%
- −$1.93
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$84
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 20 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 BloFin live order book, 20 min ago | 1.15 bp | 17.0 bp −$17 | 28.7 bp −$287 | doesn't fit | doesn't fit |
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 | −0.1374% | 1h | 2.5968 | +0.034% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1289% | 1h | 2.5955 | −0.015% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1200% | 1h | 2.5881 | −0.300% | $850 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0520% | 4h | 2.5967 | +0.031% | $30K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0432% | 1h | 2.5979 | +0.077% | $72K | $38K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0385% | 4h | 2.5980 | +0.081% | $7.9M | $8.6M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0315% | 1h | 2.5969 | +0.039% | $27K | $1.4M | 5x | as long as short |
| BloFin MORPHO-USDTshort | −0.0196% | 4h | 2.5954 | −0.019% | $637K | $240K | 20x | |
| Orderly PERP_MORPHO_USDC | −0.0162% | 4h | 2.5963 | +0.015% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0105% | 4h | 2.5980 | +0.083% | $619K | $677K | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0092% | 1h | 2.5987 | +0.108% | $33K | $339K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5959 | +0.001% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | 0.0000% | 4h | 2.5990 | +0.119% | $762K | $513K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.814% | $37 | $242K | 5.5x | as long as short |
| MEXC MORPHO_USDT | +0.0044% | 4h | 2.5961 | +0.008% | $6.3M | $906K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0044% | 4h | 2.5962 | +0.012% | $15.7M | $24.4M | 75x | as long as short |
| Extended MORPHO-USD | +0.0048% | 1h | 2.5954 | −0.017% | $99K | $345K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6001 | +0.163% | $313K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5937 | −0.087% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6013 | +0.209% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5987 | +0.110% | $58K | $33K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5980 | +0.081% | $3.2M | $4.2M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5978 | +0.073% | $589K | $260K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5971 | +0.046% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5976 | +0.065% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.5959 | long leg | $21K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5989 | +0.114% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
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]