Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%
Price spread now: Aster against Lighter−0.051%7-day average — · you buy dearer than you sell
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
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: 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 0.051% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MORPHO | 2.6108 | 0.0096 | pay 0.0012% / 1h | 59m 54s | $313K | $309K | 5x |
| Short | Aster MORPHOUSDT | 2.6094 | 0.0100 | get 0.0050% / 4h | 3h 59m | $57K | $30K | 20x |
Lighter MORPHO
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. 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
- $0.84
- Price spread: −0.051% → 0.000%
- −$5.12
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$12.28
- Costs to cover
- 0.080%
- Break-even
- 109.3 days
Slippage unknown: Lighter: live order book, 49 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 Lighter live order book, 49 min ago | 13.29 bp | 19.6 bp −$20 | 181.3 bp −$1,813 | 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 | −0.1664% | 1h | 2.6036 | −0.274% | $81K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1167% | 1h | 2.6067 | −0.156% | $11K | $1K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1024% | 1h | 2.5995 | −0.432% | $854 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0288% | 4h | 2.6054 | −0.206% | $34K | $140K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6092 | −0.061% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6039 | −0.264% | $637K | $241K | 20x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0154% | 1h | 2.6064 | −0.168% | $25K | $1.6M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0140% | 4h | 2.6062 | −0.175% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6046 | −0.235% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6073 | −0.133% | $43K | $370K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USD
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.234% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0044% | 4h | 2.6066 | −0.160% | $763K | $483K | 50x | as long as short |
| Bybit MORPHOUSDT | +0.0080% | 4h | 2.6070 | −0.145% | $8.1M | $8.6M | 25x | as long as short |
| Lighter MORPHOlong | +0.0096% | 1h | 2.6108 | long leg | $313K | $309K | 5x | |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6050 | −0.221% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6106 | −0.007% | $6.1M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDTshort | +0.0100% | 4h | 2.6094 | −0.051% | $57K | $30K | 20x | |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6053 | −0.209% | $15.8M | $24.6M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6083 | −0.095% | $3.2M | $4.1M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6054 | −0.206% | $5.9M | $835K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6081 | −0.103% | $595K | $252K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6076 | −0.122% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6079 | −0.110% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6060 | −0.181% | $621K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6062 | −0.175% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6045 | −0.241% | $100K | $348K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6084 | −0.090% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Bybit MORPHOUSDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]