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

MORPHO

all MORPHO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Aster against BingX−0.033%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 6 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: Aster is 0.033% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MORPHO-USDT2.58890.0100pay 0.0050% / 4h53m 00s$1.4M
ShortAster MORPHOUSDT2.58800.0100get 0.0050% / 4h53m 00s$58K$44K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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: −0.033% → 0.000%
−$3.34
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$21.34
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 9 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 9 min ago1.73 bp16.4 bp −$1635.1 bp −$351368.5 bp −$36.9K704.2 bp −$352.1K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit MORPHO_USDC-PERPETUAL−0.1717%1h2.5875−0.054%$11K$2K10xas long as short
01 Exchange MORPHOUSD−0.1488%1h2.5831−0.224%$849$9K5xas long as short
Kraken Futures PF_MORPHOUSD−0.1233%1h2.5875−0.054%$84K$134K20xas long as short
GRVT MORPHO_USDT_Perp−0.0568%4h2.58890.000%$30K$134K10xas long as short
Coinbase International MORPHO-PERP-INTX−0.0496%1h2.5918+0.112%$72K$38K25xas long as short
Bybit MORPHOUSDT−0.0433%4h2.5907+0.070%$7.9M$8.6M25xas long as short
Polymarket Perps MORPHO-USD−0.0420%1h2.5918+0.112%$27K$1.4M5xas long as short
BloFin MORPHO-USDT−0.0232%4h2.5901+0.046%$638K$240K20xas long as short
Variational Omni MORPHO−0.0212%4h2.5850−0.150%$616K$677Kas long as short
Phoenix MORPHO−0.0185%1h2.5900+0.042%$33K$336K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_MORPHO_USDC−0.0171%4h2.5891+0.008%$10K$34K10xas long as short
Gate MORPHO_USDT−0.0044%4h2.5895+0.023%$759K$501K50xas long as short
Reya MORPHORUSDPERP−0.0005%1h2.5904+0.056%$1610xas long as short
MEXC MORPHO_USDT+0.0006%4h2.5874−0.058%$6.3M$902K100xas long as short
Binance MORPHOUSDT+0.0008%4h2.5872−0.064%$15.6M$24.6M75xas long as short
Extended MORPHO-USD+0.0008%1h2.5880−0.036%$99K$345K10xas long as short
Injective MORPHO/USDC PERP+0.0033%1h2.6430+2.090%$37$242K5.5xas long as short
Lighter MORPHO+0.0096%1h2.5920+0.119%$312K$287K5xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h2.5923+0.130%$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h2.5931+0.161%$5.9M$7.0M5xas long as short
Aster MORPHOUSDTshort+0.0100%4h2.5880−0.033%$58K$44K20x
OKX MORPHO-USDT-SWAP+0.0100%4h2.5890+0.004%$3.2M$4.2M20xas long as short
KuCoin MORPHOUSDTM+0.0100%4h2.5934+0.174%$590K$261K50xas long as short
Bitget MORPHOUSDT+0.0100%4h2.5904+0.058%$2.8M$1.7M75xas long as short
BingX MORPHO-USDTlong+0.0100%4h2.5889long leg$1.4M
SoDEX MORPHO-USD+0.0100%1h2.5886−0.012%$21K$4K5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0186% / S −15.6829%1h2.5921+0.124%$1K100xas long as short