Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Paradex against Binance+0.120%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: Paradex is 0.120% dearer against Binance than usual: you sell high and buy low, +$12 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 | Binance MORPHOUSDT | 2.6112 | 0.0100 | pay 0.0050% / 4h | 3h 52m | $15.8M | $24.3M | 75x |
| Short | Paradex MORPHO-USD-PERP | 2.6143 | 0.0100 | get 0.0100% / 8h | 3h 52m | $5K | $3 | 5x |
Binance MORPHOUSDT
Paradex MORPHO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Binance. 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: +0.120% → 0.000%
- $11.99
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$2.01
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 4 min ago; 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 Binance live order book, 4 min ago | 0.58 bp | 15.2 bp −$15 | 39.9 bp −$399 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
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 | −0.2165% | 1h | 2.6075 | −0.141% | $81K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1126% | 1h | 2.6121 | +0.035% | $11K | $1K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0848% | 1h | 2.6125 | +0.051% | $858 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0776% | 4h | 2.6027 | −0.325% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6167 | +0.212% | $75K | $41K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0214% | 1h | 2.6147 | +0.135% | $25K | $1.5M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6115 | +0.012% | $636K | $242K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0138% | 4h | 2.6132 | +0.077% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6074 | −0.145% | $43K | $337K | 5x | as long as short |
| Bybit MORPHOUSDT | −0.0036% | 4h | 2.6130 | +0.070% | $8.1M | $8.5M | 25x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Bybit MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6128 | +0.064% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.219% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6156 | +0.169% | $314K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | +0.0100% | 8h | 2.6143 | +0.120% | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6183 | +0.274% | $6.1M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6155 | +0.165% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDTlong | +0.0100% | 4h | 2.6112 | long leg | $15.8M | $24.3M | 75x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6172 | +0.231% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6131 | +0.074% | $765K | $469K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6126 | +0.055% | $5.9M | $820K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6152 | +0.154% | $597K | $250K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6119 | +0.028% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6130 | +0.070% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6030 | −0.311% | $621K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6116 | +0.016% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6123 | +0.042% | $101K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6162 | +0.191% | $1K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]