Funding you earn now, next payment 01:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.075%
Price spread now: Polymarket Perps against KuCoin−0.004%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1821.819% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)−0.256%−$26 · spread now −0.004%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MORPHOUSDTM | 2.6631 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $595K | $266K | 50x |
| Short | Polymarket Perps MORPHO-USD | 2.6630 | −0.0030 | pay 0.0004% / 1h | 16m 48s | $24K | $1.7M | 5x |
KuCoin MORPHOUSDTM
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$27.2
- Price spread: −0.004% → −0.013%
- $0.96
- Slippage, 4 orders
- −$161.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$208.16
- Costs to cover
- 1.819%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 36 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 KuCoin live order book, 36 min ago | 8.87 bp | 62.5 bp −$62 | 172.0 bp −$1,720 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 2.63 bp | 7.7 bp −$8 | 8.3 bp −$83 | 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 | −0.1827% | 1h | 2.6600 | −0.118% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0689% | 1h | 2.6606 | −0.094% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0456% | 1h | 2.6616 | −0.056% | $875 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6635 | +0.015% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6593 | −0.143% | $642K | $229K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6593 | −0.143% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0112% | 4h | 2.6621 | −0.039% | $634K | $1.0M | — | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6644 | +0.049% | $44K | $474K | 5x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0030% | 1h | 2.6630 | −0.004% | $24K | $1.7M | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0016% | 4h | 2.6605 | −0.098% | $41K | $133K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Variational Omni MORPHO
Phoenix MORPHO
GRVT MORPHO_USDT_PerpShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6626 | −0.019% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.755% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0054% | 4h | 2.6641 | +0.038% | $770K | $524K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6740 | +0.407% | $320K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6633 | +0.006% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6636 | +0.020% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6618 | −0.049% | $16.2M | $25.9M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6629 | −0.008% | $8.5M | $9.1M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6635 | +0.015% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6607 | −0.090% | $5.5M | $905K | 100x | as long as short |
| KuCoin MORPHOUSDTMlong | +0.0100% | 4h | 2.6631 | long leg | $595K | $266K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6639 | +0.030% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6630 | −0.004% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6615 | −0.060% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6613 | −0.067% | $104K | $358K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6622 | −0.034% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0349% | 1h | 2.6688 | +0.214% | $6.3M | $7.0M | 5x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO