Funding you earn now, next payment 01:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h 0.000%
Price spread now: Aster against SoDEX+0.131%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Aster is 0.131% dearer against SoDEX than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX MORPHO-USD | 2.6525 | 0.0100 | pay 0.0013% / 1h | 58m 36s | $22K | $4K | 5x |
| Short | Aster MORPHOUSDT | 2.6560 | 0.0069 | get 0.0035% / 4h | 3h 58m | $58K | $30K | 20x |
SoDEX MORPHO-USD
Aster MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against SoDEX. 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
- −$6.47
- Price spread: +0.131% → 0.000%
- $13.12
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$9.36
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Aster no order-book sample | — | — | — | — | — |
SoDEX and 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 | −0.1834% | 1h | 2.6504 | −0.079% | $81K | $139K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.1560% | 4h | 2.6533 | +0.030% | $8.4M | $9.3M | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1142% | 1h | 2.6536 | +0.041% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0960% | 1h | 2.6463 | −0.234% | $870 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0561% | 1h | 2.6530 | +0.019% | $28K | $1.7M | 5x | as long as short |
| Gate MORPHO_USDT | −0.0528% | 4h | 2.6530 | +0.019% | $768K | $514K | 50x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0444% | 4h | 2.6547 | +0.082% | $41K | $146K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6546 | +0.079% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0209% | 4h | 2.6531 | +0.024% | $631K | $1.0M | — | as long as short |
| BloFin MORPHO-USDT | −0.0204% | 4h | 2.6519 | −0.023% | $638K | $239K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Bybit MORPHOUSDT
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
Gate MORPHO_USDT
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0146% | 4h | 2.6531 | +0.023% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6547 | +0.083% | $43K | $471K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6527 | +0.007% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.358% | $37 | $242K | 5.5x | as long as short |
| MEXC MORPHO_USDT | +0.0062% | 4h | 2.6495 | −0.113% | $5.5M | $899K | 100x | as long as short |
| Extended MORPHO-USD | +0.0064% | 1h | 2.6493 | −0.122% | $103K | $295K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0064% | 4h | 2.6497 | −0.105% | $16.1M | $26.0M | 75x | as long as short |
| Aster MORPHOUSDTshort | +0.0069% | 4h | 2.6560 | +0.131% | $58K | $30K | 20x | |
| Lighter MORPHO | +0.0096% | 1h | 2.6583 | +0.221% | $317K | $324K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6502 | −0.088% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6594 | +0.260% | $6.3M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6520 | −0.019% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6547 | +0.083% | $595K | $267K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6528 | +0.011% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6525 | 0.000% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USDlong | +0.0100% | 1h | 2.6525 | long leg | $22K | $4K | 5x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6562 | +0.141% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
GMX MORPHO/USD [ETH-USDC]