Funding you earn now, next payment 03:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.077%
Price spread now: Polymarket Perps against MEXC−0.057%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 7 days+0.085%+$8 · spread now −0.057%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.102% cheaper against MEXC than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MORPHO_USDT | 2.6171 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $5.8M | $840K | 100x |
| Short | Polymarket Perps MORPHO-USD | 2.6156 | −0.0074 | pay 0.0009% / 1h | 43m 07s | $25K | $1.8M | 5x |
MEXC MORPHO_USDT
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against MEXC. 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
- −$36.46
- Price spread: −0.057% → +0.045%
- −$10.21
- Slippage, 4 orders
- −$19.28
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$77.95
- Costs to cover
- 0.313%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Polymarket Perps: live order book, 6 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 MEXC live order book, 4 min ago | 2.11 bp | 8.1 bp −$8 | 37.4 bp −$374 | 195.8 bp −$19.6K | doesn't fit |
| Sell Polymarket Perps live order book, 6 min ago | 2.30 bp | 6.7 bp −$7 | 6.8 bp −$68 | 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 | −0.1676% | 1h | 2.6153 | −0.070% | $81K | $128K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0933% | 1h | 2.6180 | +0.034% | $11K | $955 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0560% | 1h | 2.6115 | −0.214% | $858 | $9K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6158 | −0.050% | $639K | $243K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0192% | 1h | 2.6327 | +0.596% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0157% | 4h | 2.6166 | −0.019% | $10K | $34K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0120% | 4h | 2.6077 | −0.359% | $32K | $142K | 10x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0074% | 1h | 2.6156 | −0.057% | $25K | $1.8M | 5x | |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6149 | −0.083% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6097 | −0.283% | $43K | $392K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
BloFin MORPHO-USDT
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
GRVT MORPHO_USDT_Perp
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 | +0.990% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0040% | 4h | 2.6163 | −0.031% | $754K | $503K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6195 | +0.090% | $314K | $308K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6170 | −0.003% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6232 | +0.233% | $6.1M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6144 | −0.103% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6166 | −0.021% | $15.8M | $25.7M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6173 | +0.008% | $8.3M | $9.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6208 | +0.141% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDTlong | +0.0100% | 4h | 2.6171 | long leg | $5.8M | $840K | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6172 | +0.004% | $596K | $254K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6184 | +0.050% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6165 | −0.023% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6105 | −0.251% | $622K | $907K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6174 | +0.011% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6158 | −0.049% | $101K | $350K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6182 | +0.043% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]