Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.075%
Price spread now: KuCoin against Polymarket Perps+0.045%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as 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)+0.214%+$21 · spread now +0.045%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.032% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6627 | −0.0032 | get 0.0004% / 1h | 16m 15s | $25K | $1.7M | 5x |
| Short | KuCoin MORPHOUSDTM | 2.6639 | 0.0100 | get 0.0050% / 4h | 3h 16m | $595K | $266K | 50x |
Polymarket Perps MORPHO-USD
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $27.75
- Price spread: +0.045% → +0.013%
- $3.17
- Slippage, 4 orders
- −$161.92
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$150.99
- Costs to cover
- 1.819%
- Break-even
- 45.1 days
Slippage from Polymarket Perps: live order book, 2 min ago; KuCoin: live order book, 37 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, 2 min ago | 2.63 bp | 6.9 bp −$7 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 37 min ago | 8.87 bp | 104.9 bp −$105 | 187.4 bp −$1,874 | 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 | 2.6607 | −0.074% | $80K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0688% | 1h | 2.6627 | 0.000% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0448% | 1h | 2.6618 | −0.034% | $875 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6635 | +0.030% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6593 | −0.128% | $642K | $229K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6609 | −0.068% | $10K | $34K | 10x | as long as short |
| Variational Omni MORPHO | −0.0077% | 4h | 2.6631 | +0.015% | $634K | $926K | — | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0032% | 1h | 2.6627 | long leg | $25K | $1.7M | 5x | |
| Phoenix MORPHO | −0.0030% | 1h | 2.6644 | +0.064% | $44K | $474K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0016% | 4h | 2.6605 | −0.083% | $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 | 2.6629 | +0.008% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.740% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0074% | 4h | 2.6641 | +0.053% | $770K | $524K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6756 | +0.483% | $320K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6626 | −0.005% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6636 | +0.035% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6642 | +0.056% | $16.2M | $25.8M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6640 | +0.049% | $8.5M | $9.0M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6658 | +0.116% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6639 | +0.045% | $5.6M | $905K | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6639 | +0.045% | $595K | $266K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6662 | +0.131% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6630 | +0.011% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6634 | +0.026% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6612 | −0.056% | $104K | $358K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6641 | +0.054% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0348% | 1h | 2.6691 | +0.240% | $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