Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Extended against SoDEX+0.034%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
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.034% 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 | 2.5585 | 0.0100 | pay 0.0013% / 1h | 8m 30s | $21K | $5K | 5x |
| Short | Extended MORPHO-USD | 2.5594 | 0.0104 | get 0.0013% / 1h | 8m 30s | $105K | $416K | 10x |
SoDEX MORPHO-USD
Extended MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $0.84
- Price spread: +0.034% → 0.000%
- $3.42
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$8.74
- Costs to cover
- 0.130%
- Break-even
- 79.9 days
Slippage unknown: SoDEX: no order-book sample; Extended: live order book, 37 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 Extended live order book, 37 min ago | 2.69 bp | 22.0 bp −$22 | 220.4 bp −$2,204 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1248% | 1h | 2.5371 | −0.836% | $52K | $54K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0765% | 1h | 2.5585 | 0.000% | $10K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0656% | 1h | 2.5574 | −0.043% | $22K | $30K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.0495% | 1h | 2.5590 | +0.018% | $83K | $138K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.0267% | 4h | 2.5590 | +0.020% | $7.7M | $7.4M | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0264% | 4h | 2.5584 | −0.004% | $10K | $33K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0252% | 4h | 2.5581 | −0.017% | $30K | $122K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5584 | −0.004% | $628K | $227K | 20x | as long as short |
| Variational Omni MORPHO | −0.0116% | 4h | 2.5578 | −0.025% | $609K | $202K | — | as long as short |
| Phoenix MORPHO | −0.0031% | 1h | 2.5673 | +0.344% | $33K | $287K | 5x | as long as short |
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Kraken Futures PF_MORPHOUSD
Bybit MORPHOUSDT
Orderly PERP_MORPHO_USDC
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDT
Variational Omni MORPHO
Phoenix MORPHOShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5580 | −0.021% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +3.303% | $37 | $242K | 5.5x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0049% | 1h | 2.5606 | +0.082% | $22K | $1.1M | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5699 | +0.445% | $308K | $246K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5584 | −0.004% | $5K | $200 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5636 | +0.200% | $5.9M | $5.5M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5625 | +0.158% | $56K | $51K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5595 | +0.039% | $15.2M | $22.5M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5597 | +0.047% | $3.1M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5608 | +0.090% | $752K | $461K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5596 | +0.043% | $6.4M | $977K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5597 | +0.047% | $590K | $253K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5599 | +0.055% | $2.7M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5600 | +0.059% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.5585 | long leg | $21K | $5K | 5x | |
| Extended MORPHO-USDshort | +0.0104% | 1h | 2.5594 | +0.034% | $105K | $416K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0207% / S −23.1607% | 1h | 2.5606 | +0.083% | $2K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Polymarket Perps MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]