Funding you earn now, next payment 23:00 UTC+0.1268%/8h= +138.8% APRpaid last 24h +0.186%
Price spread now: Paradex against 01 Exchange+0.237%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
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Paradex is 0.237% dearer against 01 Exchange than usual: you sell high and buy low: +$24 more if the spread 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 | 01 Exchange MORPHOUSD | 2.6383 | −0.1168 | get 0.0146% / 1h | 18m 00s | $867 | $13K | 5x |
| Short | Paradex MORPHO-USD-PERP | 2.6446 | 0.0100 | get 0.0100% / 8h | 1h 18m | $5K | $3 | 5x |
01 Exchange MORPHOUSD
Paradex MORPHO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against 01 Exchange. 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
- $266.27
- Price spread: +0.237% → 0.000%
- $23.72
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $278.98
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; Paradex: no order-book sample. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
01 Exchange and Paradex: 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 | −0.1859% | 1h | 2.6406 | +0.088% | $81K | $151K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1298% | 1h | 2.6445 | +0.235% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.1168% | 1h | 2.6383 | long leg | $867 | $13K | 5x | |
| Polymarket Perps MORPHO-USD | −0.0699% | 1h | 2.6442 | +0.224% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0570% | 4h | 2.6439 | +0.213% | $29K | $146K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0464% | 4h | 2.6447 | +0.243% | $8.5M | $9.3M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.178% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6413 | +0.114% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0197% | 4h | 2.6470 | +0.330% | $639K | $247K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6444 | +0.231% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0132% | 4h | 2.6460 | +0.292% | $768K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6403 | +0.076% | $43K | $484K | 5x | as long as short |
| Variational Omni MORPHO | −0.0076% | 4h | 2.6437 | +0.204% | $627K | $1.2M | — | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6443 | +0.226% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0040% | 1h | 2.6432 | +0.186% | $103K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0042% | 4h | 2.6437 | +0.205% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0043% | 4h | 2.6438 | +0.208% | $16.1M | $25.8M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6484 | +0.381% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | +0.0100% | 8h | 2.6446 | +0.237% | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6507 | +0.471% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6465 | +0.309% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6457 | +0.280% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6466 | +0.315% | $592K | $269K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6458 | +0.284% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6449 | +0.250% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6445 | +0.235% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6481 | +0.373% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Variational Omni MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]