Funding you earn now, next payment 04:00 UTC−0.0339%/8h= −37.1% APRpaid last 24h −0.083%
Price spread now: Polymarket Perps against BingX−0.057%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.253%−$25 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.057%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Polymarket Perps is 0.056% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MORPHO-USDT | 2.6236 | 0.0100 | pay 0.0050% / 4h | 31m 43s | — | $1.4M | — |
| Short | Polymarket Perps MORPHO-USD | 2.6221 | −0.0239 | pay 0.0030% / 1h | 31m 43s | $25K | $1.7M | 5x |
BingX MORPHO-USDT
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against BingX. 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
- −$71.1
- Price spread: −0.057% → −0.001%
- −$5.63
- Slippage, 4 orders
- −$30.26
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$124.99
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Polymarket Perps: live order book, 2 min ago.
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 BingX live order book, 15 min ago | 2.50 bp | 15.0 bp −$15 | 34.9 bp −$349 | 370.6 bp −$37.1K | 696.7 bp −$348.4K |
| Sell Polymarket Perps live order book, 2 min ago | 1.14 bp | 10.2 bp −$10 | 10.6 bp −$106 | doesn't fit | doesn't fit |
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 | −0.1655% | 1h | 2.6185 | −0.195% | $81K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1040% | 1h | 2.6167 | −0.263% | $860 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0703% | 1h | 2.6202 | −0.130% | $11K | $969 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0286% | 4h | 2.6069 | −0.637% | $34K | $140K | 10x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0239% | 1h | 2.6221 | −0.057% | $25K | $1.7M | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6168 | −0.259% | $75K | $42K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6190 | −0.175% | $637K | $242K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0149% | 4h | 2.6191 | −0.172% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6203 | −0.125% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6024 | −0.808% | $43K | $370K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | +0.0014% | 4h | 2.6211 | −0.095% | $766K | $482K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +0.739% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6225 | −0.042% | $315K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6176 | −0.229% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6263 | +0.103% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6230 | −0.023% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6224 | −0.045% | $15.9M | $25.2M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6240 | +0.015% | $8.2M | $9.0M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6228 | −0.030% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6232 | −0.015% | $5.9M | $813K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6220 | −0.061% | $598K | $251K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6218 | −0.069% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDTlong | +0.0100% | 4h | 2.6236 | long leg | — | $1.4M | — | |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6015 | −0.841% | $621K | $815K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6195 | −0.156% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6201 | −0.132% | $100K | $348K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6225 | −0.040% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]