Funding you earn now, next payment 07:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.026%
Price spread now: Coinbase International against Aster−0.580%54s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 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 −$10 a day on $10k at the current rate, and Coinbase International is 0.580% cheaper against Aster than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MORPHOUSDT | 2.5785 | −0.0168 | get 0.0084% / 4h | 0m 25s | $54K | $48K | 20x |
| Short | Coinbase International MORPHO-PERP-INTX | 2.5636 | −0.0496 | pay 0.0062% / 1h | 0m 25s | $70K | $37K | 25x |
Aster MORPHOUSDT
Coinbase International MORPHO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$68.87
- Price spread: −0.580% → 0.000%
- −$57.96
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$144.83
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; Coinbase International: 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 Aster no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Aster and Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange MORPHOUSD | −0.1424% | 1h | 2.5714 | −0.277% | $845 | $9K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1239% | 1h | 2.5748 | −0.146% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1183% | 1h | 2.5776 | −0.037% | $11K | $3K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0684% | 4h | 2.5781 | −0.017% | $30K | $123K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0590% | 4h | 2.5790 | +0.018% | $7.8M | $8.4M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTXshort | −0.0496% | 1h | 2.5636 | −0.580% | $70K | $37K | 25x | |
| Variational Omni MORPHO | −0.0464% | 4h | 2.5782 | −0.015% | $615K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0408% | 4h | 2.5747 | −0.149% | $629K | $238K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0361% | 1h | 2.5830 | +0.173% | $25K | $1.4M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0267% | 4h | 2.5779 | −0.025% | $10K | $34K | 10x | as long as short |
01 Exchange MORPHOUSD
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Variational Omni MORPHO
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0185% | 1h | 2.5805 | +0.076% | $33K | $336K | 5x | as long as short |
| Gate MORPHO_USDT | −0.0182% | 4h | 2.5790 | +0.018% | $759K | $507K | 50x | as long as short |
| Aster MORPHOUSDTlong | −0.0168% | 4h | 2.5785 | long leg | $54K | $48K | 20x | |
| Extended MORPHO-USD | −0.0168% | 1h | 2.5779 | −0.026% | $99K | $375K | 10x | as long as short |
| Binance MORPHOUSDT | −0.0168% | 4h | 2.5783 | −0.011% | $15.5M | $23.8M | 75x | as long as short |
| MEXC MORPHO_USDT | −0.0166% | 4h | 2.5785 | −0.002% | $6.2M | $910K | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5781 | −0.015% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.500% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5825 | +0.155% | $311K | $288K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5778 | −0.029% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5831 | +0.177% | $5.9M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5796 | +0.041% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5804 | +0.072% | $587K | $263K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5777 | −0.033% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5790 | +0.018% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5768 | −0.068% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5796 | +0.040% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Gate MORPHO_USDT
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]