Funding you earn now, next payment 22:00 UTC−0.0455%/8h= −49.9% APRpaid last 24h +0.013%
Price spread now: Polymarket Perps against BloFin+0.056%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$420.419% of the position
Funding, last 7 days−0.603%−$60 on $10k
+Price spread, last 3 days (all we have)+0.035%+$4 · spread now +0.056%, 7d avg +0.046%
=The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6671 | −0.0200 | get 0.0100% / 4h | 2h 57m | $654K | $205K | 20x |
| Short | Polymarket Perps MORPHO-USD | 2.6686 | −0.0655 | pay 0.0082% / 1h | 57m 02s | $25K | $2.0M | 5x |
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against BloFin. 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
- −$95.63
- Price spread: +0.056% → +0.046%
- $1.06
- Slippage, 4 orders
- −$21.94
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$136.51
- Costs to cover
- 0.419%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 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 BloFin live order book, 29 min ago | 3.34 bp | 19.7 bp −$20 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 1.68 bp | 6.0 bp −$6 | 6.7 bp −$67 | 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 | −0.2045% | 1h | 2.6661 | −0.039% | $84K | $152K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1434% | 1h | 2.6683 | +0.045% | $10K | $623 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1176% | 1h | 2.6607 | −0.240% | $874 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0655% | 1h | 2.6686 | +0.056% | $25K | $2.0M | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0532% | 4h | 2.6764 | +0.348% | $41K | $151K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.7020 | +1.309% | $38 | $123K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0335% | 4h | 2.6710 | +0.146% | $8.8M | $10.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6813 | +0.532% | $77K | $46K | 25x | as long as short |
| Gate MORPHO_USDT | −0.0228% | 4h | 2.6703 | +0.120% | $763K | $517K | 50x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.6671 | long leg | $654K | $205K | 20x |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0200% | 4h | 2.6683 | +0.045% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6697 | +0.098% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0059% | 1h | 2.6824 | +0.574% | $34K | $470K | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6724 | +0.201% | $318K | $335K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6650 | −0.078% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6728 | +0.214% | $6.4M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6745 | +0.278% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6697 | +0.097% | $16.4M | $26.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6714 | +0.161% | $3.2M | $4.6M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6669 | −0.007% | $5.4M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6755 | +0.315% | $603K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6692 | +0.079% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6709 | +0.142% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6815 | +0.541% | $651K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6678 | +0.026% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6675 | +0.014% | $104K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6719 | +0.180% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Phoenix MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
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]