Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h 0.000%
Price spread now: SoDEX against Binance+0.037%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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and SoDEX is 0.037% dearer against Binance than usual: you sell high and buy low: +$4 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 | Binance MORPHOUSDT | 2.6515 | 0.0020 | pay 0.0010% / 4h | 42m 54s | $16.0M | $25.8M | 75x |
| Short | SoDEX MORPHO-USD | 2.6525 | 0.0100 | get 0.0013% / 1h | 42m 54s | $22K | $4K | 5x |
Binance MORPHOUSDT
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $16.87
- Price spread: +0.037% → 0.000%
- $3.72
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $2.59
- Costs to cover
- 0.180%
- Break-even
- 5.9 days
Slippage unknown: Binance: live order book, 13 min ago; SoDEX: 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, 13 min ago | 0.19 bp | 13.6 bp −$14 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
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 | −0.1757% | 1h | 2.6471 | −0.165% | $82K | $140K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0955% | 1h | 2.6530 | +0.056% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0688% | 1h | 2.6483 | −0.121% | $870 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0512% | 1h | 2.6537 | +0.082% | $26K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0510% | 4h | 2.6555 | +0.152% | $29K | $134K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.321% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.524% | $77K | $43K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0354% | 4h | 2.6530 | +0.056% | $8.4M | $9.2M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0220% | 4h | 2.6538 | +0.086% | $638K | $250K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6545 | +0.113% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
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 | −0.0102% | 4h | 2.6549 | +0.128% | $772K | $532K | 50x | as long as short |
| Variational Omni MORPHO | −0.0080% | 4h | 2.6542 | +0.100% | $630K | $1.0M | — | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6578 | +0.237% | $44K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6538 | +0.087% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6514 | −0.004% | $103K | $298K | 10x | as long as short |
| Binance MORPHOUSDTlong | +0.0020% | 4h | 2.6515 | long leg | $16.0M | $25.8M | 75x | |
| MEXC MORPHO_USDT | +0.0020% | 4h | 2.6522 | +0.026% | $5.4M | $940K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6566 | +0.194% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6534 | +0.071% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6583 | +0.256% | $6.3M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6524 | +0.032% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6532 | +0.064% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6559 | +0.165% | $595K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6530 | +0.056% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6534 | +0.071% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.6525 | +0.037% | $22K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6565 | +0.188% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Variational Omni MORPHO
Phoenix MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]