Settings8H · net · $10k
Funding arb · Price arb /

MORPHO

all MORPHO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Aster+0.038%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.038% dearer against Aster than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MORPHOUSDT2.66330.0100pay 0.0050% / 4h2h 19m$58K$33K20x
ShortBingX MORPHO-USDT2.66430.0100get 0.0050% / 4h2h 19m$1.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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

Funding earned
$0
Price spread: +0.038% → 0.000%
$3.84
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$14.16
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; BingX: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell BingX live order book, 8 min ago2.63 bp18.9 bp −$1944.9 bp −$449213.1 bp −$21.3K565.1 bp −$282.6K
Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_MORPHOUSD−0.2051%1h2.6574−0.222%$83K$148K20xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.1287%1h2.6626−0.025%$11K$91110xas long as short
01 Exchange MORPHOUSD−0.0840%1h2.6587−0.172%$874$12K5xas long as short
Injective MORPHO/USDC PERP−0.0385%1h2.6610−0.085%$37$198K5.5xas long as short
Polymarket Perps MORPHO-USD−0.0381%1h2.6620−0.048%$26K$1.8M5xas long as short
GRVT MORPHO_USDT_Perp−0.0350%4h2.6583−0.188%$30K$154K10xas long as short
Coinbase International MORPHO-PERP-INTX−0.0296%1h2.6617−0.059%$77K$46K25xas long as short
BloFin MORPHO-USDT−0.0200%4h2.6620−0.048%$645K$223K20xas long as short
Orderly PERP_MORPHO_USDC−0.0170%4h2.6618−0.055%$10K$34K10xas long as short
Gate MORPHO_USDT−0.0060%4h2.6616−0.063%$763K$523K50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MORPHOUSDT−0.0036%4h2.6640+0.027%$8.7M$10.1M25xas long as short
Phoenix MORPHO−0.0030%1h2.6655+0.084%$34K$493K5xas long as short
Reya MORPHORUSDPERP−0.0004%1h2.6636+0.012%$1610xas long as short
Lighter MORPHO+0.0096%1h2.6661+0.108%$318K$336K5xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h2.6610−0.085%$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h2.6676+0.162%$6.3M$7.2M5xas long as short
Aster MORPHOUSDTlong+0.0100%4h2.6633long leg$58K$33K20x
Binance MORPHOUSDT+0.0100%4h2.6616−0.062%$16.3M$26.8M75xas long as short
OKX MORPHO-USDT-SWAP+0.0100%4h2.6644+0.042%$3.2M$4.5M20xas long as short
MEXC MORPHO_USDT+0.0100%4h2.6618−0.055%$5.5M$1.2M100xas long as short
KuCoin MORPHOUSDTM+0.0100%4h2.6627−0.022%$624K$271K50xas long as short
Bitget MORPHOUSDT+0.0100%4h2.6630−0.010%$2.9M$2.0M75xas long as short
BingX MORPHO-USDTshort+0.0100%4h2.6643+0.038%$1.5M
Variational Omni MORPHO+0.0100%4h2.6639+0.022%$647K$1.4Mas long as short
SoDEX MORPHO-USD+0.0100%1h2.6617−0.059%$22K$3K5xas long as short
Extended MORPHO-USD+0.0104%1h2.6615−0.066%$103K$301K10xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0188% / S −12.8197%1h2.6651+0.069%$1K100xas long as short