Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.039%
Price spread now: Injective against Paradex−0.239%7-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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.239% cheaper against Paradex than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.6493 | 0.0100 | pay 0.0100% / 8h | 7h 55m | $5K | $3 | 5x |
| Short | Injective MORPHO/USDC PERP | 2.6430 | 0.0033 | get 0.0004% / 1h | 55m 51s | $37 | $242K | 5.5x |
Paradex MORPHO-USD-PERP
Injective MORPHO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Paradex. 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
- −$14
- Price spread: −0.239% → 0.000%
- −$23.91
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$41.93
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Injective: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Paradex and Injective: 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 | −0.1834% | 1h | 2.6509 | +0.058% | $81K | $139K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.1714% | 4h | 2.6530 | +0.138% | $8.4M | $9.3M | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1030% | 1h | 2.6521 | +0.104% | $11K | $788 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0920% | 1h | 2.6469 | −0.092% | $870 | $12K | 5x | as long as short |
| Gate MORPHO_USDT | −0.0592% | 4h | 2.6536 | +0.161% | $769K | $515K | 50x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0554% | 1h | 2.6499 | +0.021% | $28K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0444% | 4h | 2.6547 | +0.202% | $41K | $146K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6537 | +0.165% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0242% | 4h | 2.6501 | +0.031% | $631K | $1.0M | — | as long as short |
| BloFin MORPHO-USDT | −0.0215% | 4h | 2.6499 | +0.021% | $637K | $239K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Bybit MORPHOUSDT
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Gate MORPHO_USDT
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6518 | +0.093% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6558 | +0.244% | $44K | $474K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6501 | +0.028% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERPshort | +0.0033% | 1h | 2.6430 | −0.239% | $37 | $242K | 5.5x | |
| Extended MORPHO-USD | +0.0064% | 1h | 2.6544 | +0.193% | $103K | $295K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0064% | 4h | 2.6544 | +0.191% | $5.5M | $899K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0065% | 4h | 2.6537 | +0.165% | $16.1M | $26.0M | 75x | as long as short |
| Aster MORPHOUSDT | +0.0073% | 4h | 2.6565 | +0.270% | $58K | $30K | 20x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6575 | +0.307% | $316K | $324K | 5x | as long as short |
| Paradex MORPHO-USD-PERPlong | +0.0100% | 8h | 2.6493 | long leg | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6597 | +0.391% | $6.3M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6518 | +0.093% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6545 | +0.195% | $594K | $267K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6562 | +0.259% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6536 | +0.161% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6517 | +0.089% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6537 | +0.164% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Aster MORPHOUSDT
Lighter MORPHO
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]