Funding you earn now, next payment 08:00 UTC+0.0233%/8h= +25.5% APRnext payment +$1.16 per $10,000 · paid last 24h +0.065%
Price spread now: Aster against Orderly+0.115%49s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aster is 0.115% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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 | Orderly PERP_MORPHO_USDC | 2.5955 | −0.0133 | get 0.0066% / 4h | 3h 07m | $10K | $34K | 10x |
| Short | Aster MORPHOUSDT | 2.5985 | 0.0100 | get 0.0050% / 4h | 3h 07m | $57K | $30K | 20x |
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Orderly. 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
- $48.9
- Price spread: +0.115% → 0.000%
- $11.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $46.39
- Costs to cover
- 0.140%
- Break-even
- 0.4 days
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
Orderly and 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 | −0.2175% | 1h | 2.5960 | +0.021% | $81K | $124K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0976% | 1h | 2.5935 | −0.077% | $852 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0904% | 1h | 2.5958 | +0.012% | $11K | $2K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0550% | 4h | 2.5894 | −0.235% | $33K | $133K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5993 | +0.146% | $74K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.5880 | −0.289% | $632K | $244K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0159% | 1h | 2.5950 | −0.019% | $24K | $1.5M | 5x | as long as short |
| Orderly PERP_MORPHO_USDClong | −0.0133% | 4h | 2.5955 | long leg | $10K | $34K | 10x | |
| Phoenix MORPHO | −0.0061% | 1h | 2.6000 | +0.173% | $43K | $337K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5940 | −0.058% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Phoenix MORPHO
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.830% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5989 | +0.133% | $313K | $294K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5974 | +0.074% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6021 | +0.254% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDTshort | +0.0100% | 4h | 2.5985 | +0.115% | $57K | $30K | 20x | |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5974 | +0.073% | $15.7M | $24.0M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5978 | +0.089% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5988 | +0.127% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5964 | +0.035% | $772K | $483K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5965 | +0.039% | $6.0M | $840K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5979 | +0.092% | $596K | $246K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5958 | +0.012% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5978 | +0.089% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5970 | +0.059% | $619K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5952 | −0.012% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5958 | +0.010% | $99K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5987 | +0.123% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]