Funding you earn now, next payment 00:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against Binance+0.012%7-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
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MORPHOUSDT | 2.6530 | 0.0056 | pay 0.0028% / 4h | 8m 02s | $16.1M | $26.0M | 75x |
| Short | Aster MORPHOUSDT | 2.6534 | 0.0079 | get 0.0039% / 4h | 8m 02s | $58K | $30K | 20x |
Binance MORPHOUSDT
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Binance. 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
- $4.86
- Price spread: +0.012% → 0.000%
- $1.22
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$11.93
- Costs to cover
- 0.180%
- Break-even
- 24.2 days
Slippage unknown: Binance: live order book, 3 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 Binance live order book, 3 min ago | 0.75 bp | 13.3 bp −$13 | 33.4 bp −$334 | 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 | −0.1755% | 1h | 2.6493 | −0.141% | $81K | $143K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0955% | 1h | 2.6535 | +0.018% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0840% | 1h | 2.6490 | −0.152% | $870 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0455% | 1h | 2.6533 | +0.010% | $28K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0452% | 4h | 2.6494 | −0.137% | $41K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.378% | $37 | $242K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6546 | +0.059% | $76K | $43K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0334% | 4h | 2.6530 | −0.001% | $8.4M | $9.3M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0185% | 4h | 2.6556 | +0.097% | $639K | $253K | 20x | as long as short |
| Variational Omni MORPHO | −0.0167% | 4h | 2.6481 | −0.185% | $630K | $1.0M | — | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6528 | −0.009% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6531 | +0.003% | $43K | $477K | 5x | as long as short |
| Gate MORPHO_USDT | −0.0056% | 4h | 2.6538 | +0.029% | $770K | $533K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6531 | +0.003% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0054% | 4h | 2.6528 | −0.009% | $5.5M | $961K | 100x | as long as short |
| Binance MORPHOUSDTlong | +0.0056% | 4h | 2.6530 | long leg | $16.1M | $26.0M | 75x | |
| Extended MORPHO-USD | +0.0056% | 1h | 2.6525 | −0.020% | $103K | $298K | 10x | as long as short |
| Aster MORPHOUSDTshort | +0.0079% | 4h | 2.6534 | +0.012% | $58K | $30K | 20x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6574 | +0.165% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6526 | −0.016% | $5K | $3 | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6530 | −0.001% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6554 | +0.089% | $595K | $267K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6545 | +0.055% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6537 | +0.025% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6530 | −0.001% | $22K | $4K | 5x | as long as short |
| Hyperliquid MORPHO | +0.0107% | 1h | 2.6605 | +0.282% | $6.3M | $7.0M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6559 | +0.110% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Gate MORPHO_USDT
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Lighter MORPHO
Paradex MORPHO-USD-PERP
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]