Funding you earn now, next payment 08:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.031%
Price spread now: SoDEX against Reya+0.002%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
=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 | Reya MORPHORUSDPERP | 2.5766 | −0.0005 | get 0.0001% / 1h | 8m 17s | $15 | — | 10x |
| Short | SoDEX MORPHO-USD | 2.5767 | 0.0100 | get 0.0013% / 1h | 8m 17s | $21K | $5K | 5x |
Reya MORPHORUSDPERP
SoDEX MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Reya. 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: +0.002% → 0.000%
- $0.25
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $8.21
- Costs to cover
- 0.140%
- Break-even
- 4.4 days
Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample | — | — | — | — | — |
| Sell SoDEX no order-book sample | — | — | — | — | — |
Reya and 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.1448% | 1h | 2.5712 | −0.211% | $845 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1377% | 1h | 2.5770 | +0.014% | $11K | $3K | 10x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1240% | 1h | 2.5725 | −0.159% | $84K | $134K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0696% | 4h | 2.5779 | +0.049% | $30K | $135K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0512% | 4h | 2.5794 | +0.107% | $7.8M | $8.4M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0496% | 1h | 2.5789 | +0.088% | $70K | $37K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0406% | 1h | 2.5785 | +0.072% | $27K | $1.4M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0397% | 4h | 2.5775 | +0.034% | $629K | $238K | 20x | as long as short |
| Variational Omni MORPHO | −0.0369% | 4h | 2.5777 | +0.040% | $615K | $526K | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0253% | 4h | 2.5768 | +0.006% | $10K | $34K | 10x | as long as short |
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
BloFin 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0185% | 1h | 2.5813 | +0.181% | $33K | $336K | 5x | as long as short |
| Extended MORPHO-USD | −0.0160% | 1h | 2.5764 | −0.010% | $100K | $371K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0158% | 4h | 2.5768 | +0.007% | $15.5M | $24.0M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0156% | 4h | 2.5769 | +0.010% | $6.2M | $909K | 100x | as long as short |
| Gate MORPHO_USDT | −0.0148% | 4h | 2.5789 | +0.088% | $759K | $506K | 50x | as long as short |
| Aster MORPHOUSDT | −0.0122% | 4h | 2.5768 | +0.007% | $54K | $48K | 20x | as long as short |
| Reya MORPHORUSDPERPlong | −0.0005% | 1h | 2.5766 | long leg | $15 | — | 10x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.576% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5809 | +0.164% | $311K | $288K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5793 | +0.101% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5816 | +0.193% | $5.9M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5782 | +0.061% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5793 | +0.103% | $587K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5785 | +0.072% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5791 | +0.096% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USDshort | +0.0100% | 1h | 2.5767 | +0.002% | $21K | $5K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5792 | +0.101% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Gate MORPHO_USDT
Aster MORPHOUSDT
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]