MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1762%/8h= +192.9% APRnext payment +$2.20 per $10,000 · paid last 24h +0.054%

Price spread now: SoDEX against Kraken Futures+0.109%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

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 +$53 a day on $10k at the current rate, and SoDEX is 0.109% dearer against Kraken Futures than usual: you sell high and buy low: +$11 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	Kraken Futures PF_MORPHOUSD	2.6072	−0.1662	get 0.0208% / 1h	15m 38s	$81K	$127K	20x
Short	SoDEX MORPHO-USD	2.6100	0.0100	get 0.0013% / 1h	15m 38s	$21K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee SoDEXbpOrdersPrice spread, now +0.109%Rate

Funding earned: $369.97
Price spread: +0.109% → 0.000%: $10.9
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $362.88
Costs to cover: 0.180%
Break-even: 0.1 days

Slippage unknown: Kraken Futures: live order book, 42 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 Kraken Futures live order book, 42 min ago	15.69 bp	24.3 bp −$24	3717.3 bp −$37.2K	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_MORPHOUSDlong	−0.1662%	1h	2.6072	long leg	$81K	$127K	20x
Deribit MORPHO_USDC-PERPETUAL	−0.1281%	1h	2.6095	+0.090%	$11K	$1K	10x	as long as short
01 Exchange MORPHOUSD	−0.0976%	1h	2.6064	−0.029%	$856	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0262%	4h	2.6129	+0.218%	$34K	$140K	10x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0224%	1h	2.6294	+0.853%	$75K	$41K	25x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6099	+0.105%	$642K	$241K	20x	as long as short
Polymarket Perps MORPHO-USD	−0.0164%	1h	2.6115	+0.167%	$25K	$1.6M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0143%	4h	2.6101	+0.113%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.6096	+0.095%	$16	—	10x	as long as short
Phoenix MORPHO	0.0000%	1h	2.6129	+0.220%	$43K	$370K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+1.375%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0050%	4h	2.6117	+0.174%	$765K	$483K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6132	+0.230%	$314K	$309K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6104	+0.124%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6151	+0.305%	$6.1M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6123	+0.199%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6110	+0.147%	$15.8M	$24.8M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6127	+0.213%	$8.2M	$8.7M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6134	+0.239%	$3.2M	$4.2M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6095	+0.090%	$5.9M	$832K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6127	+0.213%	$595K	$252K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6100	+0.109%	$2.8M	$1.7M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6116	+0.170%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6100	+0.111%	$623K	$675K	—	as long as short
SoDEX MORPHO-USDshort	+0.0100%	1h	2.6100	+0.109%	$21K	$4K	5x
Extended MORPHO-USD	+0.0104%	1h	2.6086	+0.054%	$100K	$348K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6127	+0.213%	$1K	—	100x	as long as short