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% APRpaid last 24h 0.000%
Price spread now: Aster against Paradex+0.018%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Aster: Stage 5 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex MORPHO-USD-PERP2.64230.0100pay 0.0100% / 8h1h 01m$5K$35x
ShortAster MORPHOUSDT2.64280.0100get 0.0050% / 4h1h 01m$58K$31K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Paradex. 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
$0.01
Price spread: +0.018% → 0.000%
$1.79
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aster: 4 bp × 2 orders
−$8
Net
−$10.2
Costs to cover
0.120%
Break-even
8583.2 days
Slippage unknown: Paradex: no order-book sample; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Aster no order-book sample
Paradex and 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−0.1859%1h2.6397−0.100%$81K$152K20xas long as short
01 Exchange MORPHOUSD−0.1160%1h2.6375−0.183%$867$12K5xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.0922%1h2.6420−0.013%$11K$81210xas long as short
Polymarket Perps MORPHO-USD−0.0674%1h2.6424+0.002%$24K$1.7M5xas long as short
GRVT MORPHO_USDT_Perp−0.0576%4h2.6390−0.127%$29K$134K10xas long as short
Bybit MORPHOUSDT−0.0404%4h2.6434+0.040%$8.4M$9.4M25xas long as short
Injective MORPHO/USDC PERP−0.0337%1h2.6430+0.025%$37$242K5.5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0312%1h2.6442+0.070%$76K$43K25xas long as short
BloFin MORPHO-USDT−0.0224%4h2.6420−0.013%$640K$249K20xas long as short
Orderly PERP_MORPHO_USDC−0.0145%4h2.6421−0.009%$10K$34K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MORPHO_USDT−0.0118%4h2.6438+0.055%$768K$534K50xas long as short
Phoenix MORPHO−0.0090%1h2.6447+0.089%$43K$484K5xas long as short
Variational Omni MORPHO−0.0080%4h2.6401−0.083%$627K$1.2Mas long as short
Reya MORPHORUSDPERP−0.0004%1h2.6420−0.012%$1610xas long as short
Extended MORPHO-USD+0.0016%1h2.6415−0.031%$103K$301K10xas long as short
Binance MORPHOUSDT+0.0016%4h2.6420−0.014%$16.1M$25.8M75xas long as short
MEXC MORPHO_USDT+0.0016%4h2.6418−0.021%$5.4M$1.1M100xas long as short
Lighter MORPHO+0.0096%1h2.6463+0.148%$315K$334K5xas long as short
Paradex MORPHO-USD-PERPlong+0.0100%8h2.6423long leg$5K$35x
Hyperliquid MORPHO+0.0100%1h2.6487+0.240%$6.2M$7.1M5xas long as short
Aster MORPHOUSDTshort+0.0100%4h2.6428+0.018%$58K$31K20x
OKX MORPHO-USDT-SWAP+0.0100%4h2.6429+0.021%$3.2M$4.4M20xas long as short
KuCoin MORPHOUSDTM+0.0100%4h2.6442+0.070%$592K$269K50xas long as short
Bitget MORPHOUSDT+0.0100%4h2.6433+0.036%$2.9M$1.8M75xas long as short
BingX MORPHO-USDT+0.0100%4h2.6427+0.013%$1.5Mas long as short
SoDEX MORPHO-USD+0.0100%1h2.6415−0.032%$22K$4K5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0188% / S −0.3373%1h2.6452+0.107%$1K100xas long as short