Funding you earn now, next payment 00:00 UTC−0.0733%/8h= −80.3% APRnext payment −$3.66 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Aster−0.071%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$22 a day on $10k at the current rate, and Bybit is 0.071% cheaper against Aster than usual: you would sell low and buy high (−$7 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 | 2.6496 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $58K | $33K | 20x |
| Short | Bybit MORPHOUSDT | 2.6477 | −0.0633 | pay 0.0316% / 4h | 1h 53m | $8.6M | $9.6M | 25x |
Aster MORPHOUSDT
Bybit MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$153.92
- Price spread: −0.071% → 0.000%
- −$7.14
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$180.06
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 3.77 bp | 18.4 bp −$18 | 66.1 bp −$661 | 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 | −0.1855% | 1h | 2.6461 | −0.133% | $83K | $149K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1200% | 1h | 2.6455 | −0.154% | $869 | $13K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1107% | 1h | 2.6494 | −0.007% | $11K | $911 | 10x | as long as short |
| Bybit MORPHOUSDTshort | −0.0633% | 4h | 2.6477 | −0.071% | $8.6M | $9.6M | 25x | |
| GRVT MORPHO_USDT_Perp | −0.0550% | 4h | 2.6519 | +0.087% | $29K | $154K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0539% | 1h | 2.6499 | +0.012% | $26K | $1.8M | 5x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6610 | +0.431% | $37 | $198K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6617 | +0.457% | $77K | $45K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0212% | 4h | 2.6472 | −0.090% | $771K | $530K | 50x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6515 | +0.072% | $644K | $246K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Polymarket Perps MORPHO-USD
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 | −0.0162% | 4h | 2.6509 | +0.049% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6528 | +0.121% | $34K | $484K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6507 | +0.042% | $16 | — | 10x | as long as short |
| Variational Omni MORPHO | +0.0035% | 4h | 2.6558 | +0.233% | $643K | $1.2M | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6503 | +0.027% | $315K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6444 | −0.195% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6515 | +0.070% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDTlong | +0.0100% | 4h | 2.6496 | long leg | $58K | $33K | 20x | |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6446 | −0.188% | $16.1M | $26.2M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6463 | −0.124% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6453 | −0.162% | $5.5M | $1.0M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6502 | +0.023% | $619K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6474 | −0.083% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6479 | −0.064% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6493 | −0.011% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6442 | −0.205% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6529 | +0.127% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance 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]