MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0580%/8h= +63.5% APRnext payment +$0.73 per $10,000 · paid last 24h +0.196%

Price spread now: SoDEX against 01 Exchange−0.038%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on SoDEX

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

Funding pays, the price is against you. SoDEX is 0.038% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MORPHOUSD	2.6194	−0.0480	get 0.0060% / 1h	4m 34s	$861	$9K	5x
Short	SoDEX MORPHO-USD	2.6184	0.0100	get 0.0013% / 1h	4m 34s	$21K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against 01 Exchange. 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 01 ExchangebpFee SoDEXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $121.8
Price spread: −0.038% → 0.000%: −$3.82
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $102.98
Costs to cover: 0.150%
Break-even: 1.1 days

Slippage unknown: 01 Exchange: no order-book sample; SoDEX: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

01 Exchange and 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 26 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	−0.1914%	1h	2.6181	−0.051%	$81K	$130K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1047%	1h	2.6189	−0.019%	$11K	$955	10x	as long as short
01 Exchange MORPHOUSDlong	−0.0480%	1h	2.6194	long leg	$861	$9K	5x
Coinbase International MORPHO-PERP-INTX	−0.0232%	1h	2.6145	−0.187%	$75K	$42K	25x	as long as short
Polymarket Perps MORPHO-USD	−0.0158%	1h	2.6198	+0.015%	$25K	$1.8M	5x	as long as short
Orderly PERP_MORPHO_USDC	−0.0158%	4h	2.6196	+0.008%	$10K	$34K	10x	as long as short
GRVT MORPHO_USDT_Perp	−0.0036%	4h	2.6050	−0.549%	$32K	$142K	10x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6194	0.000%	$16	—	10x	as long as short
Phoenix MORPHO	+0.0030%	1h	2.6209	+0.057%	$43K	$426K	5x	as long as short
Injective MORPHO/USDC PERP	+0.0033%	1h	2.6430	+0.901%	$37	$242K	5.5x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDT	+0.0050%	4h	2.6196	+0.008%	$760K	$519K	50x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6236	+0.162%	$315K	$322K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6218	+0.092%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6269	+0.286%	$6.2M	$7.0M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6193	−0.002%	$57K	$30K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6217	+0.088%	$15.8M	$25.8M	75x	as long as short
Bybit MORPHOUSDT	+0.0100%	4h	2.6230	+0.137%	$8.2M	$9.4M	25x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6244	+0.191%	$3.2M	$4.4M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6204	+0.038%	$5.7M	$974K	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6205	+0.042%	$595K	$255K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6219	+0.095%	$2.8M	$1.8M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6226	+0.122%	—	$1.4M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6190	−0.014%	$625K	$912K	—	as long as short
SoDEX MORPHO-USDshort	+0.0100%	1h	2.6184	−0.038%	$21K	$4K	5x
Extended MORPHO-USD	+0.0104%	1h	2.6211	+0.065%	$101K	$351K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0186% / S −15.6829%	1h	2.6226	+0.122%	$1K	—	100x	as long as short