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 SoDEX+0.174%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 3 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: Aster is 0.174% dearer against SoDEX than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX MORPHO-USD2.64450.0100pay 0.0013% / 1h34m 49s$22K$4K5x
ShortAster MORPHOUSDT2.64910.0100get 0.0050% / 4h34m 49s$58K$31K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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: +0.174% → 0.000%
$17.41
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
$1.41
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: SoDEX: 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 SoDEX no order-book sample
Sell Aster no order-book sample
SoDEX 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−0.1757%1h2.6460+0.058%$82K$140K20xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.0921%1h2.64450.000%$11K$81210xas long as short
01 Exchange MORPHOUSD−0.0880%1h2.6365−0.303%$866$12K5xas long as short
Polymarket Perps MORPHO-USD−0.0554%1h2.6442−0.011%$26K$1.7M5xas long as short
GRVT MORPHO_USDT_Perp−0.0536%4h2.6479+0.129%$29K$134K10xas long as short
Injective MORPHO/USDC PERP−0.0405%1h2.6430−0.057%$37$242K5.5xas long as short
Bybit MORPHOUSDT−0.0405%4h2.6450+0.019%$8.4M$9.2M25xas long as short
Coinbase International MORPHO-PERP-INTX−0.0360%1h2.6508+0.238%$76K$43K25xas long as short
BloFin MORPHO-USDT−0.0195%4h2.64450.000%$638K$252K20xas long as short
Variational Omni MORPHO−0.0145%4h2.6472+0.102%$629K$1.0Mas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_MORPHO_USDC−0.0144%4h2.6443−0.008%$10K$34K10xas long as short
Gate MORPHO_USDT−0.0114%4h2.6472+0.102%$769K$532K50xas long as short
Phoenix MORPHO−0.0060%1h2.6522+0.291%$43K$477K5xas long as short
Extended MORPHO-USD−0.0008%1h2.6439−0.023%$103K$298K10xas long as short
Binance MORPHOUSDT−0.0005%4h2.6443−0.009%$16.0M$25.9M75xas long as short
Reya MORPHORUSDPERP−0.0004%1h2.6443−0.009%$1610xas long as short
MEXC MORPHO_USDT0.0000%4h2.6440−0.019%$5.5M$948K100xas long as short
Lighter MORPHO+0.0096%1h2.6490+0.169%$315K$331K5xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h2.6405−0.153%$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h2.6509+0.242%$6.2M$7.0M5xas long as short
Aster MORPHOUSDTshort+0.0100%4h2.6491+0.174%$58K$31K20x
OKX MORPHO-USDT-SWAP+0.0100%4h2.6440−0.019%$3.2M$4.4M20xas long as short
KuCoin MORPHOUSDTM+0.0100%4h2.6475+0.113%$593K$270K50xas long as short
Bitget MORPHOUSDT+0.0100%4h2.6462+0.064%$2.9M$1.8M75xas long as short
BingX MORPHO-USDT+0.0100%4h2.6457+0.045%$1.5Mas long as short
SoDEX MORPHO-USDlong+0.0100%1h2.6445long leg$22K$4K5x
GMX MORPHO/USD [ETH-USDC]L +0.0154% / S −0.2700%1h2.6471+0.097%$1K100xas long as short