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

MORPHO

all MORPHO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against Aster−0.012%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
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MORPHOUSDT2.66860.0100pay 0.0050% / 4h3h 11m$58K$30K20x
ShortOKX MORPHO-USDT-SWAP2.66830.0100get 0.0050% / 4h3h 11m$3.2M$4.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.012% → 0.000%
−$1.25
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$19.25
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago1.87 bp20.9 bp −$2186.5 bp −$865doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_MORPHOUSD−0.1823%1h2.6657−0.110%$81K$125K20xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.0612%1h2.6673−0.050%$11K$78510xas long as short
01 Exchange MORPHOUSD−0.0432%1h2.6652−0.129%$876$13K5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0280%1h2.6715+0.107%$77K$43K25xas long as short
BloFin MORPHO-USDT−0.0200%4h2.6720+0.126%$644K$233K20xas long as short
Orderly PERP_MORPHO_USDC−0.0147%4h2.6669−0.065%$10K$34K10xas long as short
Variational Omni MORPHO−0.0077%4h2.6631−0.208%$634K$926Kas long as short
Phoenix MORPHO−0.0030%1h2.6758+0.269%$44K$474K5xas long as short
Polymarket Perps MORPHO-USD−0.0014%1h2.6679−0.027%$25K$1.7M5xas long as short
Reya MORPHORUSDPERP−0.0004%1h2.6675−0.042%$1610xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT MORPHO_USDT_Perp+0.0022%4h2.6706+0.073%$41K$133K10xas long as short
Injective MORPHO/USDC PERP+0.0033%1h2.6430−0.961%$37$242K5.5xas long as short
Lighter MORPHO+0.0096%1h2.6782+0.360%$320K$325K5xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h2.6662−0.092%$5K$35xas long as short
Aster MORPHOUSDTlong+0.0100%4h2.6686long leg$58K$30K20x
Binance MORPHOUSDT+0.0100%4h2.6665−0.079%$16.2M$25.5M75xas long as short
Bybit MORPHOUSDT+0.0100%4h2.6688+0.006%$8.6M$9.0M25xas long as short
OKX MORPHO-USDT-SWAPshort+0.0100%4h2.6683−0.012%$3.2M$4.3M20x
Gate MORPHO_USDT+0.0100%4h2.6683−0.012%$770K$525K50xas long as short
MEXC MORPHO_USDT+0.0100%4h2.6672−0.054%$5.6M$905K100xas long as short
KuCoin MORPHOUSDTM+0.0100%4h2.6691+0.018%$596K$262K50xas long as short
Bitget MORPHOUSDT+0.0100%4h2.6686−0.001%$2.9M$1.8M75xas long as short
BingX MORPHO-USDT+0.0100%4h2.6673−0.050%$1.4Mas long as short
SoDEX MORPHO-USD+0.0100%1h2.6679−0.027%$22K$4K5xas long as short
Extended MORPHO-USD+0.0104%1h2.6654−0.120%$102K$362K10xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0187% / S −0.4126%1h2.6690+0.015%$1K100xas long as short
Hyperliquid MORPHO+0.0353%1h2.6737+0.190%$6.3M$7.0M5xas long as short