MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+12.8759%/8h= +14099.1% APRnext payment +$160.95 per $10,000 · paid last 24h +4.244%

Price spread now: GMX against Polymarket Perps+0.104%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3,863 a day on $10k at the current rate, and GMX is 0.104% dearer against Polymarket Perps than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MORPHO-USD	2.6493	−0.0562	get 0.0070% / 1h	40m 19s	$26K	$1.9M	5x
Short	GMX MORPHO/USD [ETH-USDC]	2.6520	L +0.0188% / S −12.8197%	get 1.6025% / 1h	40m 19s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee GMXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $27,039.29
Price spread: +0.104% → 0.000%: $10.37
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $27,029.66
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: Polymarket Perps: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	2.64 bp	7.4 bp −$7	7.8 bp −$78	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2058%	1h	2.6491	−0.009%	$83K	$148K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1107%	1h	2.6498	+0.019%	$11K	$911	10x	as long as short
01 Exchange MORPHOUSD	−0.1048%	1h	2.6457	−0.136%	$869	$12K	5x	as long as short
Polymarket Perps MORPHO-USDlong	−0.0562%	1h	2.6493	long leg	$26K	$1.9M	5x
GRVT MORPHO_USDT_Perp	−0.0550%	4h	2.6452	−0.156%	$29K	$162K	10x	as long as short
Injective MORPHO/USDC PERP	−0.0385%	1h	2.6460	−0.125%	$37	$161K	5.5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0296%	1h	2.6527	+0.128%	$76K	$46K	25x	as long as short
Bybit MORPHOUSDT	−0.0236%	4h	2.6510	+0.064%	$8.6M	$10.1M	25x	as long as short
BloFin MORPHO-USDT	−0.0200%	4h	2.6503	+0.038%	$652K	$221K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0182%	4h	2.6490	−0.011%	$10K	$34K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDT	−0.0156%	4h	2.6506	+0.049%	$760K	$523K	50x	as long as short
Phoenix MORPHO	−0.0030%	1h	2.6479	−0.053%	$34K	$493K	5x	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6501	+0.031%	$16	—	10x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6586	+0.350%	$317K	$336K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6494	+0.004%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6540	+0.177%	$6.2M	$7.2M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6528	+0.131%	$58K	$33K	20x	as long as short
Binance MORPHOUSDT	+0.0100%	4h	2.6489	−0.015%	$16.2M	$26.9M	75x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6519	+0.098%	$3.2M	$4.5M	20x	as long as short
MEXC MORPHO_USDT	+0.0100%	4h	2.6489	−0.015%	$5.3M	$1.2M	100x	as long as short
KuCoin MORPHOUSDTM	+0.0100%	4h	2.6528	+0.132%	$622K	$271K	50x	as long as short
Bitget MORPHOUSDT	+0.0100%	4h	2.6524	+0.117%	$2.9M	$2.0M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6510	+0.064%	—	$1.5M	—	as long as short
Variational Omni MORPHO	+0.0100%	4h	2.6500	+0.027%	$644K	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6489	−0.015%	$22K	$3K	5x	as long as short
Extended MORPHO-USD	+0.0104%	1h	2.6487	−0.023%	$103K	$301K	10x	as long as short
GMX MORPHO/USD [ETH-USDC]short	L +0.0188% / S −12.8197%	1h	2.6520	+0.104%	$1K	—	100x