Funding you earn now, next payment 23:00 UTC+0.0819%/8h= +89.7% APRpaid last 24h +0.050%
Price spread now: Aster against Polymarket Perps+0.205%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 +$25 a day on $10k at the current rate, and Aster is 0.205% dearer against Polymarket Perps than usual: you sell high and buy low: +$21 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 | Polymarket Perps MORPHO-USD | 2.6488 | −0.0719 | get 0.0090% / 1h | 57m 50s | $26K | $1.8M | 5x |
| Short | Aster MORPHOUSDT | 2.6542 | 0.0100 | get 0.0050% / 4h | 1h 57m | $58K | $33K | 20x |
Polymarket Perps MORPHO-USD
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Polymarket Perps. 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
- $172
- Price spread: +0.205% → 0.000%
- $20.52
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $176.52
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 1 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 1 min ago | 4.15 bp | 8.2 bp −$8 | 44.1 bp −$441 | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
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 | −0.1854% | 1h | 2.6466 | −0.081% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1483% | 1h | 2.6493 | +0.019% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1280% | 1h | 2.6428 | −0.227% | $868 | $13K | 5x | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0719% | 1h | 2.6488 | long leg | $26K | $1.8M | 5x | |
| Bybit MORPHOUSDT | −0.0665% | 4h | 2.6500 | +0.045% | $8.6M | $9.6M | 25x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6520 | +0.123% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6610 | +0.461% | $37 | $198K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6617 | +0.487% | $77K | $45K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0224% | 4h | 2.6495 | +0.026% | $772K | $530K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6513 | +0.094% | $646K | $246K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Gate MORPHO_USDT
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0164% | 4h | 2.6495 | +0.026% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6546 | +0.219% | $34K | $463K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6504 | +0.061% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6570 | +0.311% | $316K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6483 | −0.019% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6553 | +0.244% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDTshort | +0.0100% | 4h | 2.6542 | +0.205% | $58K | $33K | 20x | |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6487 | −0.002% | $16.2M | $26.3M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6509 | +0.079% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6488 | 0.000% | $5.5M | $1.0M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6545 | +0.215% | $620K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6505 | +0.064% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6510 | +0.083% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6529 | +0.155% | $644K | $1.2M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6496 | +0.030% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6487 | −0.003% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6526 | +0.142% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]