Funding you earn now, next payment 09:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.077%
Price spread now: Gate against SoDEX+0.081%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—needs both histories
The price spread pays, funding is against you. Gate is 0.081% dearer against SoDEX than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.5780 | 0.0100 | pay 0.0013% / 1h | 52m 52s | $21K | $5K | 5x |
| Short | Gate MORPHO_USDT | 2.5801 | 0.0042 | get 0.0021% / 4h | 3h 52m | $759K | $483K | 50x |
SoDEX MORPHO-USD
Gate MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$12.18
- Price spread: +0.081% → 0.000%
- $8.15
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$27.03
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 44 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 Gate live order book, 44 min ago | 4.84 bp | 47.4 bp −$47 | doesn't fit | 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 | −0.2468% | 1h | 2.5756 | −0.094% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1299% | 1h | 2.5786 | +0.023% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0952% | 1h | 2.5757 | −0.089% | $846 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5579 | −0.780% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0458% | 4h | 2.5776 | −0.016% | $614K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0411% | 4h | 2.5777 | −0.012% | $630K | $238K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0380% | 4h | 2.5752 | −0.109% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0276% | 4h | 2.5778 | −0.008% | $10K | $34K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0172% | 4h | 2.5786 | +0.023% | $6.3M | $910K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0171% | 4h | 2.5782 | +0.008% | $15.5M | $24.0M | 75x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
MEXC MORPHO_USDT
Binance MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MORPHO-USD | −0.0168% | 1h | 2.5770 | −0.037% | $99K | $375K | 10x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5793 | +0.050% | $33K | $308K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5794 | +0.054% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.521% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDTshort | +0.0042% | 4h | 2.5801 | +0.081% | $759K | $483K | 50x | |
| Lighter MORPHO | +0.0096% | 1h | 2.5803 | +0.089% | $311K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5783 | +0.011% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5818 | +0.147% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5779 | −0.004% | $54K | $49K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5801 | +0.081% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5782 | +0.008% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5792 | +0.047% | $586K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5778 | −0.008% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5783 | +0.012% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5823 | +0.167% | $25K | $1.4M | 5x | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.5780 | long leg | $21K | $5K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5812 | +0.123% | $1K | — | 100x | as long as short |
Extended MORPHO-USD
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
GMX MORPHO/USD [ETH-USDC]