Funding you earn now, next payment 12:00 UTC−0.0312%/8h= −34.2% APRnext payment −$1.56 per $10,000 · paid last 24h −0.015%
Price spread now: Aster against KuCoin−0.082%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.082% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.5857 | 0.0100 | pay 0.0050% / 4h | 3h 49m | $588K | $264K | 50x |
| Short | Aster MORPHOUSDT | 2.5836 | −0.0212 | pay 0.0106% / 4h | 3h 49m | $54K | $49K | 20x |
KuCoin MORPHOUSDTM
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against KuCoin. 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
- −$65.6
- Price spread: −0.082% → 0.000%
- −$8.22
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$93.81
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 45 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 KuCoin live order book, 45 min ago | 10.65 bp | 58.9 bp −$59 | 166.2 bp −$1,662 | 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 | −0.2463% | 1h | 2.5809 | −0.184% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1295% | 1h | 2.5845 | −0.046% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0872% | 1h | 2.5807 | −0.193% | $848 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5689 | −0.650% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0439% | 4h | 2.5856 | −0.005% | $615K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0404% | 4h | 2.5841 | −0.062% | $630K | $239K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0283% | 4h | 2.5836 | −0.081% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDTshort | −0.0212% | 4h | 2.5836 | −0.082% | $54K | $49K | 20x | |
| GRVT MORPHO_USDT_Perp | −0.0206% | 4h | 2.5780 | −0.298% | $30K | $123K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0164% | 4h | 2.5838 | −0.073% | $6.3M | $911K | 100x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
GRVT MORPHO_USDT_Perp
MEXC MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MORPHOUSDT | −0.0164% | 4h | 2.5841 | −0.062% | $15.5M | $23.9M | 75x | as long as short |
| Extended MORPHO-USD | −0.0160% | 1h | 2.5831 | −0.101% | $99K | $375K | 10x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5835 | −0.085% | $33K | $308K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5844 | −0.052% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.216% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0080% | 4h | 2.5842 | −0.058% | $760K | $484K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5896 | +0.151% | $312K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5822 | −0.136% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5898 | +0.159% | $6.0M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5858 | +0.004% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5873 | +0.062% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.5857 | long leg | $588K | $264K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5843 | −0.054% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5849 | −0.031% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USD | +0.0100% | 1h | 2.5872 | +0.058% | $25K | $1.4M | 5x | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5843 | −0.054% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5873 | +0.060% | $1K | — | 100x | as long as short |
Binance MORPHOUSDT
Extended MORPHO-USD
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Bitget MORPHOUSDT
BingX MORPHO-USDT
Polymarket Perps MORPHO-USD
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]