Funding you earn now, next payment 04:00 UTC−0.0390%/8h= −42.7% APRpaid last 24h −0.081%
Price spread now: Polymarket Perps against Aster−0.115%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 −$12 a day on $10k at the current rate, and Polymarket Perps is 0.115% cheaper against Aster than usual: you would sell low and buy high (−$12 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 | 2.6040 | 0.0100 | pay 0.0050% / 4h | 49m 21s | $57K | $30K | 20x |
| Short | Polymarket Perps MORPHO-USD | 2.6010 | −0.0290 | pay 0.0036% / 1h | 49m 21s | $25K | $1.7M | 5x |
Aster MORPHOUSDT
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$81.88
- Price spread: −0.115% → 0.000%
- −$11.54
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$109.42
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Aster: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 4 min ago | 2.11 bp | 8.7 bp −$9 | 8.9 bp −$89 | 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 | −0.1669% | 1h | 2.5956 | −0.324% | $81K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1402% | 1h | 2.5986 | −0.208% | $11K | $759 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0888% | 1h | 2.5927 | −0.434% | $852 | $9K | 5x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0290% | 1h | 2.6010 | −0.115% | $25K | $1.7M | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0230% | 4h | 2.6115 | +0.287% | $34K | $150K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6172 | +0.507% | $75K | $42K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6026 | −0.054% | $636K | $239K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0154% | 4h | 2.5996 | −0.169% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0014% | 4h | 2.6031 | −0.035% | $757K | $478K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5991 | −0.188% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Gate MORPHO_USDT
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | 0.0000% | 1h | 2.6144 | +0.399% | $43K | $370K | 5x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.498% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6047 | +0.028% | $313K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5994 | −0.176% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6044 | +0.015% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDTlong | +0.0100% | 4h | 2.6040 | long leg | $57K | $30K | 20x | |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5984 | −0.214% | $15.7M | $25.3M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6000 | −0.154% | $8.2M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6017 | −0.088% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5994 | −0.177% | $5.8M | $792K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6038 | −0.008% | $591K | $251K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6011 | −0.112% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6005 | −0.135% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6035 | −0.018% | $622K | $843K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6004 | −0.138% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5977 | −0.241% | $100K | $348K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6017 | −0.087% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
Bybit 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]