Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%
Price spread now: Hyperliquid against SoDEX+0.214%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 airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.214% dearer against SoDEX than usual: you sell high and buy low, +$21 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 | 2.5759 | 0.0100 | pay 0.0013% / 1h | 56m 10s | $21K | $5K | 5x |
| Short | Hyperliquid MORPHO | 2.5814 | 0.0100 | get 0.0013% / 1h | 56m 10s | $5.9M | $7.0M | 5x |
SoDEX MORPHO-USD
Hyperliquid MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.214% → 0.000%
- $21.35
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $4.35
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago | 0.19 bp | 5.6 bp −$6 | doesn't fit | 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 | −0.2472% | 1h | 2.5720 | −0.150% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1300% | 1h | 2.5760 | +0.004% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1064% | 1h | 2.5731 | −0.109% | $846 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5627 | −0.512% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0464% | 4h | 2.5782 | +0.087% | $615K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0416% | 4h | 2.5778 | +0.074% | $635K | $238K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0338% | 4h | 2.5774 | +0.060% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0274% | 4h | 2.5747 | −0.047% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0192% | 4h | 2.5770 | +0.043% | $54K | $49K | 20x | as long as short |
| Phoenix MORPHO | −0.0185% | 1h | 2.5793 | +0.132% | $33K | $308K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDT
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MORPHO-USD | −0.0176% | 1h | 2.5747 | −0.047% | $99K | $375K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0175% | 4h | 2.5751 | −0.030% | $15.5M | $24.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0174% | 4h | 2.5756 | −0.012% | $6.3M | $909K | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5765 | +0.025% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.605% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5793 | +0.130% | $311K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5779 | +0.078% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHOshort | +0.0100% | 1h | 2.5814 | +0.214% | $5.9M | $7.0M | 5x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5787 | +0.109% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5744 | −0.058% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5775 | +0.062% | $759K | $483K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5768 | +0.035% | $586K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5753 | −0.023% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5775 | +0.062% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5805 | +0.179% | $25K | $1.4M | 5x | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.5759 | long leg | $21K | $5K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5783 | +0.095% | $1K | — | 100x | as long as short |
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
GMX MORPHO/USD [ETH-USDC]