Funding you earn now, next payment 00:00 UTC+0.0208%/8h= +22.8% APRnext payment +$1.04 per $10,000 · paid last 24h +0.086%
Price spread now: Aster against Gate+0.016%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: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MORPHO_USDT | 2.6474 | −0.0108 | get 0.0054% / 4h | 33m 40s | $769K | $532K | 50x |
| Short | Aster MORPHOUSDT | 2.6478 | 0.0100 | get 0.0050% / 4h | 33m 40s | $58K | $31K | 20x |
Gate MORPHO_USDT
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Gate. 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
- $43.68
- Price spread: +0.016% → 0.000%
- $1.59
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $22.27
- Costs to cover
- 0.230%
- Break-even
- 3.4 days
Slippage unknown: Gate: live order book, 43 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 Gate live order book, 43 min ago | 5.48 bp | 47.4 bp −$47 | doesn't fit | 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 | −0.1758% | 1h | 2.6445 | −0.109% | $82K | $140K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0921% | 1h | 2.6439 | −0.132% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0912% | 1h | 2.6397 | −0.291% | $867 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0546% | 1h | 2.6428 | −0.174% | $26K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0536% | 4h | 2.6479 | +0.020% | $29K | $134K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.166% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0388% | 4h | 2.6450 | −0.091% | $8.4M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6508 | +0.128% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0195% | 4h | 2.6445 | −0.110% | $638K | $252K | 20x | as long as short |
| Variational Omni MORPHO | −0.0145% | 4h | 2.6472 | −0.008% | $629K | $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
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
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 | 2.6432 | −0.159% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDTlong | −0.0108% | 4h | 2.6474 | long leg | $769K | $532K | 50x | |
| Phoenix MORPHO | −0.0060% | 1h | 2.6522 | +0.181% | $43K | $477K | 5x | as long as short |
| Binance MORPHOUSDT | −0.0009% | 4h | 2.6449 | −0.094% | $16.0M | $25.9M | 75x | as long as short |
| Extended MORPHO-USD | −0.0008% | 1h | 2.6452 | −0.083% | $103K | $298K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6432 | −0.157% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0004% | 4h | 2.6455 | −0.072% | $5.5M | $949K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6488 | +0.051% | $315K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6441 | −0.123% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6514 | +0.151% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDTshort | +0.0100% | 4h | 2.6478 | +0.016% | $58K | $31K | 20x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6475 | +0.004% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6475 | +0.004% | $593K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6478 | +0.015% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6465 | −0.034% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6440 | −0.128% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0154% / S −0.2700% | 1h | 2.6460 | −0.052% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Binance MORPHOUSDT
Extended MORPHO-USD
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]