Settings8H · net · $10k
Funding arb · Price arb /

MORPHO

all MORPHO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Aster−0.202%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.202% cheaper against Aster than usual: you would sell low and buy high, −$20 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MORPHOUSDT2.65450.0100pay 0.0050% / 4h2h 45m$58K$33K20x
ShortBingX MORPHO-USDT2.64910.0100get 0.0050% / 4h2h 45m$1.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.202% → 0.000%
−$20.23
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$38.23
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; BingX: live order book, 16 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell BingX live order book, 16 min ago4.48 bp18.1 bp −$1836.2 bp −$362218.9 bp −$21.9K595.3 bp −$297.7K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_MORPHOUSD−0.2057%1h2.6502−0.162%$83K$148K20xas long as short
01 Exchange MORPHOUSD−0.1184%1h2.6465−0.300%$870$12K5xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.1068%1h2.6515−0.112%$11K$91110xas long as short
GRVT MORPHO_USDT_Perp−0.0614%4h2.6485−0.225%$29K$162K10xas long as short
Polymarket Perps MORPHO-USD−0.0606%1h2.6508−0.138%$24K$1.9M5xas long as short
Injective MORPHO/USDC PERP−0.0385%1h2.6460−0.319%$37$161K5.5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0296%1h2.6527−0.067%$76K$46K25xas long as short
BloFin MORPHO-USDT−0.0200%4h2.6494−0.191%$651K$216K20xas long as short
Bybit MORPHOUSDT−0.0196%4h2.6496−0.183%$8.6M$10.1M25xas long as short
Orderly PERP_MORPHO_USDC−0.0189%4h2.6516−0.108%$10K$34K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MORPHO_USDT−0.0174%4h2.6512−0.123%$759K$522K50xas long as short
Phoenix MORPHO−0.0030%1h2.6530−0.055%$34K$493K5xas long as short
Reya MORPHORUSDPERP−0.0004%1h2.6513−0.121%$1610xas long as short
Lighter MORPHO+0.0096%1h2.6538−0.026%$316K$335K5xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h2.6480−0.243%$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h2.6530−0.055%$6.2M$7.2M5xas long as short
Aster MORPHOUSDTlong+0.0100%4h2.6545long leg$58K$33K20x
Binance MORPHOUSDT+0.0100%4h2.6476−0.260%$16.2M$26.9M75xas long as short
OKX MORPHO-USDT-SWAP+0.0100%4h2.6492−0.199%$3.2M$4.5M20xas long as short
MEXC MORPHO_USDT+0.0100%4h2.6493−0.195%$5.3M$1.2M100xas long as short
KuCoin MORPHOUSDTM+0.0100%4h2.6508−0.138%$622K$272K50xas long as short
Bitget MORPHOUSDT+0.0100%4h2.6483−0.232%$2.9M$2.0M75xas long as short
BingX MORPHO-USDTshort+0.0100%4h2.6491−0.202%$1.5M
Variational Omni MORPHO+0.0100%4h2.6630+0.322%$647K$1.4Mas long as short
SoDEX MORPHO-USD+0.0100%1h2.6499−0.172%$22K$3K5xas long as short
Extended MORPHO-USD+0.0104%1h2.6473−0.269%$103K$301K10xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0188% / S −12.8197%1h2.6542−0.011%$1K100xas long as short