Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against SoDEX+0.235%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: BingX is 0.235% dearer against SoDEX than usual: you sell high and buy low, +$24 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 | 2.5922 | 0.0100 | pay 0.0013% / 1h | 52m 37s | $21K | $4K | 5x |
| Short | BingX MORPHO-USDT | 2.5983 | 0.0100 | get 0.0050% / 4h | 2h 52m | — | $1.4M | — |
SoDEX MORPHO-USD
BingX MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: +0.235% → 0.000%
- $23.53
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $5.53
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: SoDEX: no order-book sample; BingX: live order book, 9 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 BingX live order book, 9 min ago | 1.54 bp | 15.4 bp −$15 | 38.6 bp −$386 | 246.7 bp −$24.7K | 624.2 bp −$312.1K |
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 | −0.1557% | 1h | 2.5932 | +0.039% | $80K | $127K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1098% | 1h | 2.5930 | +0.031% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0880% | 1h | 2.5933 | +0.042% | $852 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0460% | 4h | 2.5950 | +0.109% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5945 | +0.089% | $74K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0192% | 4h | 2.5908 | −0.054% | $635K | $244K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5950 | +0.108% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5929 | +0.027% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5930 | +0.031% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.960% | $37 | $242K | 5.5x | 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
Injective MORPHO/USDC PERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps MORPHO-USD | +0.0057% | 1h | 2.5946 | +0.093% | $24K | $1.5M | 5x | as long as short |
| MEXC MORPHO_USDT | +0.0094% | 4h | 2.5967 | +0.174% | $6.0M | $824K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5997 | +0.288% | $313K | $294K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.5961 | +0.151% | $99K | $343K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0097% | 4h | 2.5970 | +0.184% | $15.7M | $24.0M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5989 | +0.257% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5999 | +0.297% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5966 | +0.171% | $57K | $30K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5980 | +0.224% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5989 | +0.258% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5968 | +0.177% | $773K | $479K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5967 | +0.174% | $596K | $246K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5969 | +0.181% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDTshort | +0.0100% | 4h | 2.5983 | +0.235% | — | $1.4M | — | |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5945 | +0.091% | $616K | $677K | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.5922 | long leg | $21K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5959 | +0.142% | $1K | — | 100x | as long as short |
Polymarket Perps MORPHO-USD
MEXC MORPHO_USDT
Lighter MORPHO
Extended MORPHO-USD
Binance MORPHOUSDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Variational Omni MORPHO
GMX MORPHO/USD [ETH-USDC]