Funding you earn now, next payment 04:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h +0.080%
Price spread now: Bitget against Polymarket Perps+0.219%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 7 days−0.284%−$28 · spread now +0.219%, 7d avg −0.045%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bitget is 0.264% dearer against Polymarket Perps than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6076 | −0.0171 | get 0.0021% / 1h | 57m 16s | $25K | $1.7M | 5x |
| Short | Bitget MORPHOUSDT | 2.6133 | 0.0100 | get 0.0050% / 4h | 57m 16s | $2.8M | $1.8M | 75x |
Polymarket Perps MORPHO-USD
Bitget MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Polymarket Perps. 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
- $56.9
- Price spread: +0.219% → −0.045%
- $26.38
- Slippage, 4 orders
- −$40.89
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $22.38
- Costs to cover
- 0.609%
- Break-even
- 4.2 days
Slippage from Polymarket Perps: live order book, 6 min ago; Bitget: live order book, 5 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 Polymarket Perps live order book, 6 min ago | 1.92 bp | 5.9 bp −$6 | 6.4 bp −$64 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.03 bp | 27.9 bp −$28 | 75.7 bp −$757 | 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 | −0.1663% | 1h | 2.6056 | −0.077% | $81K | $128K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1016% | 1h | 2.5970 | −0.407% | $853 | $9K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0937% | 1h | 2.6094 | +0.069% | $11K | $759 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0230% | 4h | 2.6073 | −0.011% | $32K | $142K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0224% | 1h | 2.6084 | +0.031% | $75K | $42K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6022 | −0.207% | $638K | $240K | 20x | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0171% | 1h | 2.6076 | long leg | $25K | $1.7M | 5x | |
| Orderly PERP_MORPHO_USDC | −0.0157% | 4h | 2.6089 | +0.050% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6071 | −0.021% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6083 | +0.027% | $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 | +0.0012% | 4h | 2.6038 | −0.146% | $753K | $477K | 50x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.358% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6128 | +0.200% | $314K | $309K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6022 | −0.205% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6119 | +0.166% | $6.1M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6079 | +0.011% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6087 | +0.042% | $15.7M | $25.3M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6099 | +0.088% | $8.2M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6136 | +0.230% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6098 | +0.084% | $5.8M | $788K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6067 | −0.035% | $592K | $251K | 50x | as long as short |
| Bitget MORPHOUSDTshort | +0.0100% | 4h | 2.6133 | +0.219% | $2.8M | $1.8M | 75x | |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6057 | −0.073% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6085 | +0.033% | $622K | $847K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6095 | +0.073% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6080 | +0.014% | $100K | $350K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6100 | +0.092% | $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
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]