Funding you earn now, next payment 11:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.100%
Price spread now: SoDEX against BloFin−0.050%56s7-day average — · you buy dearer than you sell
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—needs both histories
Funding pays, the price is against you. SoDEX is 0.050% cheaper against BloFin than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 46 hours of funding at the current rate (+$3 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6053 | 0.0013 | pay 0.0007% / 4h | 1h 53m | $638K | $236K | 20x |
| Short | SoDEX MORPHO-USD | 2.6040 | 0.0100 | get 0.0013% / 1h | 53m 29s | $21K | $5K | 5x |
BloFin MORPHO-USDT
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against BloFin. 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
- $18.18
- Price spread: −0.050% → 0.000%
- −$4.99
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$6.81
- Costs to cover
- 0.200%
- Break-even
- 9.6 days
Slippage unknown: BloFin: live order book, 56 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 BloFin live order book, 56 min ago | 0.58 bp | 14.3 bp −$14 | 29.4 bp −$294 | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1248% | 1h | 2.5936 | −0.449% | $53K | $55K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1092% | 1h | 2.6038 | −0.058% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0704% | 1h | 2.6003 | −0.192% | $854 | $9K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.0487% | 1h | 2.6040 | −0.048% | $81K | $130K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0310% | 4h | 2.6038 | −0.058% | $10K | $33K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0184% | 4h | 2.6043 | −0.038% | $7.8M | $7.6M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0152% | 4h | 2.6033 | −0.077% | $39K | $114K | 10x | as long as short |
| Phoenix MORPHO | −0.0122% | 1h | 2.6066 | +0.050% | $33K | $287K | 5x | as long as short |
| Variational Omni MORPHO | −0.0101% | 4h | 2.6043 | −0.037% | $620K | $323K | — | as long as short |
| Aster MORPHOUSDT | −0.0049% | 4h | 2.6082 | +0.111% | $57K | $51K | 20x | as long as short |
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Kraken Futures PF_MORPHOUSD
Orderly PERP_MORPHO_USDC
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Phoenix MORPHO
Variational Omni MORPHO
Aster MORPHOUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MORPHO-USD | −0.0042% | 1h | 2.6055 | +0.008% | $25K | $1.2M | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6032 | −0.081% | $16 | — | 10x | as long as short |
| BloFin MORPHO-USDTlong | +0.0013% | 4h | 2.6053 | long leg | $638K | $236K | 20x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.447% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6114 | +0.233% | $313K | $245K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6042 | −0.041% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6097 | +0.169% | $6.0M | $6.5M | 5x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6042 | −0.043% | $15.6M | $22.3M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6063 | +0.038% | $3.1M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6052 | −0.004% | $763K | $455K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6042 | −0.042% | $6.5M | $956K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6065 | +0.046% | $582K | $254K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6046 | −0.027% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6041 | −0.046% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.6040 | −0.050% | $21K | $5K | 5x | |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6035 | −0.070% | $107K | $376K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S −12.8912% | 1h | 2.6071 | +0.070% | $1K | — | 100x | as long as short |
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]