Funding you earn now, next payment 08:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.002%
Price spread now: MEXC against SoDEX+0.004%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.5763 | 0.0100 | pay 0.0013% / 1h | 11m 55s | $21K | $5K | 5x |
| Short | MEXC MORPHO_USDT | 2.5764 | −0.0146 | pay 0.0073% / 4h | 11m 55s | $6.2M | $908K | 100x |
SoDEX MORPHO-USD
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$51.66
- Price spread: +0.004% → 0.000%
- $0.39
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$63.27
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago | 1.36 bp | 7.1 bp −$7 | 39.1 bp −$391 | 197.5 bp −$19.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.1464% | 1h | 2.5711 | −0.202% | $845 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1454% | 1h | 2.5771 | +0.031% | $11K | $3K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1239% | 1h | 2.5749 | −0.055% | $84K | $134K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0690% | 4h | 2.5768 | +0.021% | $30K | $135K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0496% | 1h | 2.5792 | +0.113% | $70K | $37K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0495% | 4h | 2.5782 | +0.074% | $7.9M | $8.4M | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0412% | 1h | 2.5791 | +0.109% | $27K | $1.4M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0388% | 4h | 2.5767 | +0.016% | $629K | $238K | 20x | as long as short |
| Variational Omni MORPHO | −0.0378% | 4h | 2.5786 | +0.089% | $614K | $526K | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0244% | 4h | 2.5777 | +0.054% | $10K | $34K | 10x | as long as short |
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Variational Omni MORPHO
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0185% | 1h | 2.5801 | +0.147% | $33K | $336K | 5x | as long as short |
| Extended MORPHO-USD | −0.0152% | 1h | 2.5760 | −0.012% | $99K | $375K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0151% | 4h | 2.5762 | −0.004% | $15.5M | $24.0M | 75x | as long as short |
| Gate MORPHO_USDT | −0.0146% | 4h | 2.5799 | +0.140% | $760K | $506K | 50x | as long as short |
| MEXC MORPHO_USDTshort | −0.0146% | 4h | 2.5764 | +0.004% | $6.2M | $908K | 100x | |
| Aster MORPHOUSDT | −0.0090% | 4h | 2.5773 | +0.040% | $54K | $48K | 20x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5774 | +0.042% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.589% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5806 | +0.166% | $311K | $288K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5767 | +0.017% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5821 | +0.225% | $5.9M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5779 | +0.062% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5791 | +0.109% | $587K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5768 | +0.019% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5785 | +0.085% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.5763 | long leg | $21K | $5K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5800 | +0.143% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Extended MORPHO-USD
Binance MORPHOUSDT
Gate MORPHO_USDT
Aster MORPHOUSDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]