Funding you earn now, next payment 00:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h 0.000%
Price spread now: Paradex against Variational Omni−0.006%7-day average — · you buy dearer than you sell
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—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.6397 | −0.0086 | get 0.0043% / 4h | 1h 32m | $628K | $1.2M | — |
| Short | Paradex MORPHO-USD-PERP | 2.6395 | 0.0100 | get 0.0100% / 8h | 1h 32m | $5K | $3 | 5x |
Variational Omni MORPHO
Paradex MORPHO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Variational Omni. 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
- $39.03
- Price spread: −0.006% → 0.000%
- −$0.55
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $34.48
- Costs to cover
- 0.040%
- Break-even
- 0.8 days
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Paradex: 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 Variational Omni RFQ quote, 2 min ago | 4.61 bp | doesn't fit | 67.8 bp −$678 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | −0.1860% | 1h | 2.6385 | −0.045% | $82K | $154K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1263% | 1h | 2.6396 | −0.004% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1200% | 1h | 2.6341 | −0.212% | $866 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0705% | 1h | 2.6384 | −0.049% | $24K | $1.8M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0614% | 4h | 2.6383 | −0.053% | $29K | $146K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0608% | 4h | 2.6400 | +0.012% | $8.5M | $9.5M | 25x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6430 | +0.125% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6427 | +0.114% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0189% | 4h | 2.6369 | −0.106% | $641K | $244K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0180% | 4h | 2.6396 | −0.004% | $767K | $533K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0153% | 4h | 2.6388 | −0.034% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6435 | +0.144% | $34K | $484K | 5x | as long as short |
| Variational Omni MORPHOlong | −0.0086% | 4h | 2.6397 | long leg | $628K | $1.2M | — | |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6379 | −0.067% | $16 | — | 10x | as long as short |
| Extended MORPHO-USD | +0.0048% | 1h | 2.6395 | −0.007% | $103K | $301K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0050% | 4h | 2.6389 | −0.030% | $5.4M | $1.1M | 100x | as long as short |
| Binance MORPHOUSDT | +0.0051% | 4h | 2.6403 | +0.023% | $16.1M | $25.9M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6433 | +0.136% | $315K | $334K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | +0.0100% | 8h | 2.6395 | −0.006% | $5K | $3 | 5x | |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6436 | +0.148% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6404 | +0.027% | $57K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6384 | −0.049% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6416 | +0.072% | $591K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6400 | +0.012% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6411 | +0.053% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6389 | −0.030% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6415 | +0.069% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]