Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.014%
Price spread now: Variational Omni against Aster−0.031%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 airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.031% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.6324 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $58K | $30K | 20x |
| Short | Variational Omni MORPHO | 2.6316 | 0.0052 | get 0.0026% / 4h | 2h 52m | $627K | $925K | — |
Aster MORPHOUSDT
Variational Omni MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$10.02
- Price spread: −0.031% → 0.000%
- −$3.07
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$21.09
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; Variational Omni: RFQ quote, 21 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 Variational Omni RFQ quote, 21 min ago | 4.60 bp | doesn't fit | 51.5 bp −$515 | 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 | −0.1907% | 1h | 2.6266 | −0.222% | $80K | $126K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0848% | 1h | 2.6264 | −0.228% | $863 | $10K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0585% | 1h | 2.6313 | −0.042% | $11K | $785 | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6456 | +0.501% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6320 | −0.015% | $642K | $235K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0149% | 4h | 2.6301 | −0.087% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0147% | 1h | 2.6308 | −0.061% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0134% | 4h | 2.6301 | −0.088% | $40K | $133K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6304 | −0.075% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDT | +0.0012% | 4h | 2.6324 | 0.000% | $759K | $493K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Reya MORPHORUSDPERP
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | +0.0030% | 1h | 2.6277 | −0.179% | $43K | $426K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.403% | $37 | $242K | 5.5x | as long as short |
| Variational Omni MORPHOshort | +0.0052% | 4h | 2.6316 | −0.031% | $627K | $925K | — | |
| Lighter MORPHO | +0.0096% | 1h | 2.6425 | +0.382% | $317K | $319K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6268 | −0.212% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6370 | +0.175% | $6.2M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDTlong | +0.0100% | 4h | 2.6324 | long leg | $58K | $30K | 20x | |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6340 | +0.061% | $15.9M | $25.2M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6346 | +0.084% | $8.3M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6347 | +0.087% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6352 | +0.106% | $5.5M | $872K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6316 | −0.030% | $595K | $257K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6347 | +0.087% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6350 | +0.099% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6305 | −0.072% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6338 | +0.054% | $101K | $362K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6323 | −0.003% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]