Funding you earn now, next payment 09:00 UTC+0.0409%/8h= +44.8% APRpaid last 24h +0.015%
Price spread now: Lighter against Aster+0.264%7-day average — · you sell dearer than you buy
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
=Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Lighter is 0.264% dearer against Aster than usual: you sell high and buy low: +$26 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 | Aster MORPHOUSDT | 2.6011 | −0.0313 | get 0.0157% / 4h | 3h 16m | $54K | $48K | 20x |
| Short | Lighter MORPHO | 2.6079 | 0.0096 | get 0.0012% / 1h | 16m 16s | $313K | $284K | 5x |
Aster MORPHOUSDT
Lighter MORPHOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $85.91
- Price spread: +0.264% → 0.000%
- $26.36
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $104.26
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Aster: no order-book sample; Lighter: live order book, 64 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 Lighter live order book, 64 min ago | 11.39 bp | 16.1 bp −$16 | 161.1 bp −$1,611 | 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 | −0.2444% | 1h | 2.6016 | +0.019% | $84K | $124K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0760% | 1h | 2.5984 | −0.103% | $854 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5746 | −1.018% | $70K | $37K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0480% | 1h | 2.6011 | +0.001% | $11K | $3K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0395% | 4h | 2.5967 | −0.168% | $632K | $241K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0386% | 4h | 2.5854 | −0.602% | $30K | $123K | 10x | as long as short |
| Variational Omni MORPHO | −0.0367% | 4h | 2.5801 | −0.805% | $614K | $526K | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0317% | 4h | 2.6010 | −0.003% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDTlong | −0.0313% | 4h | 2.6011 | long leg | $54K | $48K | 20x | |
| Binance MORPHOUSDT | −0.0155% | 4h | 2.6013 | +0.007% | $15.6M | $23.5M | 75x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
BloFin MORPHO-USDT
GRVT MORPHO_USDT_Perp
Variational Omni MORPHO
Orderly PERP_MORPHO_USDC
Binance MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0155% | 1h | 2.5920 | −0.349% | $33K | $308K | 5x | as long as short |
| MEXC MORPHO_USDT | −0.0154% | 4h | 2.6011 | +0.001% | $6.4M | $933K | 100x | as long as short |
| Extended MORPHO-USD | −0.0152% | 1h | 2.6008 | −0.011% | $100K | $370K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5942 | −0.263% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.612% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | +0.0072% | 4h | 2.6004 | −0.026% | $7.8M | $8.3M | 25x | as long as short |
| Lighter MORPHOshort | +0.0096% | 1h | 2.6079 | +0.264% | $313K | $284K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5974 | −0.142% | $5K | $203 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6029 | +0.070% | $5.9M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6028 | +0.066% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5997 | −0.053% | $763K | $489K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6005 | −0.022% | $581K | $267K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5995 | −0.061% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6008 | −0.011% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.6010 | −0.003% | $25K | $1.3M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6005 | −0.022% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S −12.8912% | 1h | 2.6000 | −0.040% | $1K | — | 100x | as long as short |
Phoenix MORPHO
MEXC MORPHO_USDT
Extended MORPHO-USD
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]