Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.34 per $10,000 · paid last 24h +0.075%
Price spread now: Aster against Gate−0.016%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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6587 | 0.0032 | pay 0.0016% / 4h | 3h 18m | $769K | $524K | 50x |
| Short | Aster MORPHOUSDT | 2.6583 | 0.0100 | get 0.0050% / 4h | 3h 18m | $58K | $30K | 20x |
Gate MORPHO_USDT
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Gate. 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
- $14.28
- Price spread: −0.016% → 0.000%
- −$1.58
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$10.3
- Costs to cover
- 0.230%
- Break-even
- 12.0 days
Slippage unknown: Gate: live order book, 53 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 53 min ago | 6.04 bp | 37.1 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
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 | −0.1827% | 1h | 2.6599 | +0.046% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0538% | 1h | 2.6629 | +0.158% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0456% | 1h | 2.6519 | −0.256% | $871 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6635 | +0.181% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6586 | −0.004% | $642K | $229K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6612 | +0.094% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0112% | 4h | 2.6621 | +0.126% | $634K | $1.0M | — | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6643 | +0.211% | $44K | $474K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0029% | 1h | 2.6600 | +0.049% | $24K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0016% | 4h | 2.6605 | +0.067% | $41K | $133K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Variational Omni MORPHO
Phoenix MORPHO
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6598 | +0.042% | $16 | — | 10x | as long as short |
| Gate MORPHO_USDTlong | +0.0032% | 4h | 2.6587 | long leg | $769K | $524K | 50x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.591% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6677 | +0.338% | $319K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6539 | −0.179% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDTshort | +0.0100% | 4h | 2.6583 | −0.016% | $58K | $30K | 20x | |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6625 | +0.141% | $16.2M | $25.9M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6622 | +0.132% | $8.5M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6635 | +0.181% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6579 | −0.030% | $5.5M | $905K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6591 | +0.015% | $594K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6629 | +0.158% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6606 | +0.071% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6624 | +0.139% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6615 | +0.106% | $104K | $358K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6623 | +0.136% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0350% | 1h | 2.6663 | +0.286% | $6.3M | $7.0M | 5x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Binance MORPHOUSDT
Bybit 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]
Hyperliquid MORPHO