Funding you earn now, next payment 09:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.031%
Price spread now: Reya against Paradex+0.007%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
=Together, before fees—+ Points / potential airdropParadex: Active · Reya: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex MORPHO-USD-PERP | 2.5694 | 0.0100 | pay 0.0100% / 8h | 7h 31m | $5K | $203 | 5x |
| Short | Reya MORPHORUSDPERP | 2.5695 | −0.0005 | pay 0.0001% / 1h | 31m 48s | $15 | — | 10x |
Paradex MORPHO-USD-PERP
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$21.97
- Price spread: +0.007% → 0.000%
- $0.71
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$31.26
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Reya: 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 Reya no order-book sample | — | — | — | — | — |
Paradex and Reya: 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 | −0.2475% | 1h | 2.5680 | −0.053% | $84K | $135K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1304% | 1h | 2.5702 | +0.033% | $10K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0840% | 1h | 2.5655 | −0.150% | $843 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5720 | +0.103% | $70K | $37K | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0486% | 4h | 2.5752 | +0.227% | $30K | $123K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0405% | 4h | 2.5718 | +0.095% | $631K | $238K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.0391% | 4h | 2.5690 | −0.014% | $7.8M | $8.4M | 25x | as long as short |
| Gate MORPHO_USDT | −0.0370% | 4h | 2.5716 | +0.087% | $756K | $484K | 50x | as long as short |
| Variational Omni MORPHO | −0.0357% | 4h | 2.5781 | +0.339% | $615K | $526K | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0313% | 4h | 2.5693 | −0.002% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDT
Bybit MORPHOUSDT
Gate MORPHO_USDT
Variational Omni MORPHO
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster MORPHOUSDT | −0.0288% | 4h | 2.5747 | +0.210% | $54K | $49K | 20x | as long as short |
| Extended MORPHO-USD | −0.0176% | 1h | 2.5668 | −0.099% | $98K | $370K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0173% | 4h | 2.5689 | −0.017% | $15.4M | $23.8M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0164% | 4h | 2.5698 | +0.017% | $6.4M | $925K | 100x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5779 | +0.332% | $33K | $308K | 5x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0005% | 1h | 2.5695 | +0.007% | $15 | — | 10x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.866% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5744 | +0.195% | $310K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERPlong | +0.0100% | 8h | 2.5694 | long leg | $5K | $203 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5731 | +0.146% | $5.9M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5703 | +0.036% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5739 | +0.177% | $586K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5686 | −0.030% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5700 | +0.025% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5750 | +0.219% | $25K | $1.3M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5703 | +0.036% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5731 | +0.144% | $1K | — | 100x | as long as short |
Aster MORPHOUSDT
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Phoenix MORPHO
Injective MORPHO/USDC PERP
Lighter MORPHO
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]