Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%
Price spread now: Binance against SoDEX+0.657%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
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.657% dearer against SoDEX than usual: you sell high and buy low, +$66 on $10k if it 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 | SoDEX MORPHO-USD | 2.6036 | 0.0100 | pay 0.0013% / 1h | 13m 38s | $21K | $4K | 5x |
| Short | Binance MORPHOUSDT | 2.6207 | 0.0100 | get 0.0050% / 4h | 2h 13m | $15.8M | $24.3M | 75x |
SoDEX MORPHO-USD
Binance MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SoDEX. 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
- $0
- Price spread: +0.657% → 0.000%
- $65.71
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $47.71
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 12 min ago. 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 12 min ago | 0.19 bp | 17.7 bp −$18 | 43.2 bp −$432 | doesn't fit | doesn't fit |
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_MORPHOUSD | −0.1551% | 1h | 2.6021 | −0.059% | $83K | $130K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1360% | 1h | 2.6042 | +0.023% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0800% | 1h | 2.6147 | +0.426% | $859 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0306% | 4h | 2.5912 | −0.476% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5789 | −0.949% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5949 | −0.334% | $631K | $239K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5945 | −0.350% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0127% | 4h | 2.6042 | +0.023% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6045 | +0.036% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0003% | 1h | 2.6040 | +0.015% | $25K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow 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 | +1.513% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6166 | +0.499% | $315K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6224 | +0.720% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6074 | +0.146% | $5.9M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6194 | +0.606% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDTshort | +0.0100% | 4h | 2.6207 | +0.657% | $15.8M | $24.3M | 75x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6235 | +0.764% | $8.1M | $8.6M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6212 | +0.676% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6218 | +0.699% | $765K | $499K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6224 | +0.722% | $6.3M | $912K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6142 | +0.407% | $601K | $247K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6206 | +0.653% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6218 | +0.699% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5946 | −0.347% | $617K | $677K | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.6036 | long leg | $21K | $4K | 5x | |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6207 | +0.655% | $101K | $347K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0142% / S +0.0041% | 1h | 2.6061 | +0.096% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]