Funding you earn now, next payment 12:00 UTC+0.0335%/8h= +36.7% APRnext payment +$1.68 per $10,000 · paid last 24h +0.015%
Price spread now: OKX against Aster+0.054%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.054% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.5783 | −0.0235 | get 0.0118% / 4h | 3h 40m | $54K | $49K | 20x |
| Short | OKX MORPHO-USDT-SWAP | 2.5797 | 0.0100 | get 0.0050% / 4h | 3h 40m | $3.2M | $4.1M | 20x |
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Aster. 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
- $70.43
- Price spread: +0.054% → 0.000%
- $5.42
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $57.85
- Costs to cover
- 0.180%
- Break-even
- 1.3 days
Slippage unknown: Aster: no order-book sample; OKX: live order book, 2 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 Aster no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 2 min ago | 1.16 bp | 17.9 bp −$18 | 109.9 bp −$1,099 | doesn't fit | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.2468% | 1h | 2.5760 | −0.090% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1260% | 1h | 2.5791 | +0.031% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0800% | 1h | 2.5742 | −0.159% | $846 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5815 | +0.124% | $70K | $37K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0397% | 4h | 2.5776 | −0.027% | $629K | $239K | 20x | as long as short |
| Variational Omni MORPHO | −0.0371% | 4h | 2.5801 | +0.069% | $615K | $526K | — | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0336% | 4h | 2.5809 | +0.102% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0293% | 4h | 2.5784 | +0.004% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDTlong | −0.0235% | 4h | 2.5783 | long leg | $54K | $49K | 20x | |
| Extended MORPHO-USD | −0.0160% | 1h | 2.5780 | −0.012% | $99K | $375K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Variational Omni MORPHO
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Extended MORPHO-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MORPHOUSDT | −0.0157% | 4h | 2.5781 | −0.008% | $15.5M | $23.8M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0156% | 4h | 2.5788 | +0.019% | $6.3M | $914K | 100x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5852 | +0.267% | $33K | $308K | 5x | as long as short |
| Gate MORPHO_USDT | −0.0106% | 4h | 2.5833 | +0.194% | $760K | $484K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5792 | +0.034% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.509% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5830 | +0.181% | $311K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5770 | −0.049% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5835 | +0.202% | $6.0M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5800 | +0.066% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAPshort | +0.0100% | 4h | 2.5797 | +0.054% | $3.2M | $4.1M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5837 | +0.209% | $588K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5784 | +0.004% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5800 | +0.066% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5830 | +0.182% | $25K | $1.3M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5786 | +0.011% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5851 | +0.263% | $1K | — | 100x | as long as short |
Binance MORPHOUSDT
MEXC MORPHO_USDT
Phoenix MORPHO
Gate MORPHO_USDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]