Funding you earn now, next payment 00:00 UTC+0.0417%/8h= +45.7% APRpaid last 24h +0.008%
Price spread now: BloFin against Polymarket Perps+0.023%45s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs+$13as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.495% of the position
Funding, last 7 days+0.624%+$62 on $10k
+Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.023%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BloFin is 0.066% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6444 | −0.0534 | get 0.0067% / 1h | 32m 18s | $26K | $1.7M | 5x |
| Short | BloFin MORPHO-USDT | 2.6450 | −0.0117 | pay 0.0059% / 4h | 32m 18s | $639K | $252K | 20x |
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $87.55
- Price spread: +0.023% → −0.043%
- $6.58
- Slippage, 4 orders
- −$29.54
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $44.6
- Costs to cover
- 0.495%
- Break-even
- 3.4 days
Slippage from Polymarket Perps: live order book, 1 min ago; BloFin: live order book, 44 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, 1 min ago | 2.46 bp | 7.6 bp −$8 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 44 min ago | 2.84 bp | 18.6 bp −$19 | 34.3 bp −$343 | 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 | −0.1760% | 1h | 2.6414 | −0.115% | $82K | $140K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0920% | 1h | 2.6378 | −0.250% | $867 | $12K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0807% | 1h | 2.6467 | +0.087% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0536% | 4h | 2.6479 | +0.133% | $29K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0534% | 1h | 2.6444 | long leg | $26K | $1.7M | 5x | |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.053% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0388% | 4h | 2.6448 | +0.015% | $8.4M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6508 | +0.242% | $76K | $43K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6431 | −0.049% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0145% | 4h | 2.6472 | +0.106% | $629K | $1.0M | — | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MORPHO-USDTshort | −0.0117% | 4h | 2.6450 | +0.023% | $639K | $252K | 20x | |
| Gate MORPHO_USDT | −0.0104% | 4h | 2.6481 | +0.140% | $770K | $532K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6522 | +0.295% | $43K | $477K | 5x | as long as short |
| Extended MORPHO-USD | −0.0008% | 1h | 2.6441 | −0.010% | $103K | $298K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0008% | 4h | 2.6441 | −0.011% | $5.5M | $951K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0007% | 4h | 2.6437 | −0.028% | $16.0M | $25.9M | 75x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6441 | −0.010% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6491 | +0.179% | $315K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6442 | −0.008% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6513 | +0.261% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6484 | +0.153% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6436 | −0.030% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6475 | +0.117% | $593K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6454 | +0.038% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6454 | +0.038% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6457 | +0.049% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0154% / S −0.2700% | 1h | 2.6467 | +0.087% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]