MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0324%/8h= −35.5% APRnext payment −$0.40 per $10,000 · paid last 24h +0.016%

Price spread now: Coinbase International against SoDEX+0.728%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Coinbase International

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Coinbase International is 0.728% dearer against SoDEX than usual: you sell high and buy low (spread +0.728% now, against zero (this spread has no 7-day history yet)): +$73 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MORPHO-USD	2.6104	0.0100	pay 0.0013% / 1h	23m 23s	$21K	$4K	5x
Short	Coinbase International MORPHO-PERP-INTX	2.6294	−0.0224	pay 0.0028% / 1h	23m 23s	$75K	$41K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.728%Rate

Funding earned: −$68.04
Price spread: +0.728% → 0.000%: $72.79
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$13.25
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Coinbase International: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

SoDEX and Coinbase International: 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	−0.1661%	1h	2.6083	−0.081%	$81K	$127K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1089%	1h	2.6106	+0.008%	$11K	$1K	10x	as long as short
01 Exchange MORPHOUSD	−0.0976%	1h	2.6048	−0.215%	$856	$9K	5x	as long as short
GRVT MORPHO_USDT_Perp	−0.0260%	4h	2.6158	+0.205%	$34K	$140K	10x	as long as short
Coinbase International MORPHO-PERP-INTXshort	−0.0224%	1h	2.6294	+0.728%	$75K	$41K	25x
BloFin MORPHO-USDT	−0.0200%	4h	2.6146	+0.161%	$636K	$242K	20x	as long as short
Polymarket Perps MORPHO-USD	−0.0181%	1h	2.6110	+0.023%	$25K	$1.6M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0147%	4h	2.6099	−0.019%	$10K	$34K	10x	as long as short
Reya MORPHORUSDPERP	−0.0005%	1h	2.6093	−0.040%	$16	—	10x	as long as short
Phoenix MORPHO	0.0000%	1h	2.6164	+0.230%	$43K	$370K	5x	as long as short

Show 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	+1.249%	$37	$242K	5.5x	as long as short
Gate MORPHO_USDT	+0.0036%	4h	2.6137	+0.126%	$765K	$483K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6132	+0.108%	$314K	$309K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6092	−0.048%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6141	+0.142%	$6.1M	$6.9M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6129	+0.097%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6089	−0.059%	$15.8M	$24.9M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6120	+0.061%	$8.2M	$8.8M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6120	+0.061%	$3.2M	$4.2M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6093	−0.042%	$5.9M	$831K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6135	+0.119%	$596K	$252K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6091	−0.050%	$2.8M	$1.7M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6116	+0.046%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6125	+0.081%	$623K	$689K	—	as long as short
SoDEX MORPHO-USDlong	+0.0100%	1h	2.6104	long leg	$21K	$4K	5x
Extended MORPHO-USD	+0.0104%	1h	2.6082	−0.085%	$100K	$348K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6115	+0.043%	$1K	—	100x	as long as short