Funding you earn now, next payment 11:00 UTC+0.0563%/8h= +61.6% APRpaid last 24h +0.343%
Price spread now: Aster against Kraken Futures+0.330%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
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Aster is 0.330% dearer against Kraken Futures than usual: you sell high and buy low: +$33 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 | Kraken Futures PF_MORPHOUSD | 2.5696 | −0.0493 | get 0.0062% / 1h | 29m 47s | $82K | $134K | 20x |
| Short | Aster MORPHOUSDT | 2.5781 | 0.0069 | get 0.0035% / 4h | 1h 29m | $56K | $51K | 20x |
Kraken Futures PF_MORPHOUSD
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kraken Futures. 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
- $118.17
- Price spread: +0.330% → 0.000%
- $32.97
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $133.14
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 15 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 Kraken Futures live order book, 15 min ago | 10.57 bp | 26.4 bp −$26 | 4493.3 bp −$44.9K | 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1248% | 1h | 2.5413 | −1.101% | $52K | $54K | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1071% | 1h | 2.5706 | +0.039% | $10K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0824% | 1h | 2.5661 | −0.136% | $2K | $10K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSDlong | −0.0493% | 1h | 2.5696 | long leg | $82K | $134K | 20x | |
| Bybit MORPHOUSDT | −0.0295% | 4h | 2.5700 | +0.016% | $7.7M | $7.4M | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0285% | 4h | 2.5700 | +0.016% | $10K | $33K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0214% | 4h | 2.5697 | +0.003% | $38K | $114K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5697 | +0.004% | $637K | $225K | 20x | as long as short |
| Variational Omni MORPHO | −0.0143% | 4h | 2.5694 | −0.007% | $611K | $202K | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.0050% | 1h | 2.5717 | +0.082% | $25K | $1.1M | 5x | as long as short |
Coinbase International MORPHO-PERP-INTX
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Bybit MORPHOUSDT
Orderly PERP_MORPHO_USDC
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDT
Variational Omni MORPHO
Polymarket Perps MORPHO-USDShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MORPHO | −0.0031% | 1h | 2.5723 | +0.106% | $33K | $287K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5690 | −0.024% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.857% | $37 | $242K | 5.5x | as long as short |
| Aster MORPHOUSDTshort | +0.0069% | 4h | 2.5781 | +0.330% | $56K | $51K | 20x | |
| Lighter MORPHO | +0.0096% | 1h | 2.5738 | +0.164% | $308K | $246K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5688 | −0.032% | $5K | $200 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5749 | +0.207% | $5.9M | $6.4M | 5x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5698 | +0.009% | $15.3M | $22.4M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5703 | +0.028% | $3.1M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5690 | −0.023% | $751K | $459K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5698 | +0.008% | $6.5M | $968K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5704 | +0.032% | $592K | $255K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5700 | +0.016% | $2.7M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5689 | −0.027% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5699 | +0.012% | $21K | $5K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5686 | −0.039% | $105K | $378K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −20.5458% | 1h | 2.5722 | +0.100% | $2K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]