Funding you earn now, next payment 23:00 UTC+0.0684%/8h= +74.9% APRpaid last 24h +0.058%
Price spread now: MEXC against Polymarket Perps0.000%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days+0.214%+$21 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now 0.000%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and MEXC is 0.043% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.214% in total (about 11.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6447 | −0.0584 | get 0.0073% / 1h | 51m 07s | $26K | $1.8M | 5x |
| Short | MEXC MORPHO_USDT | 2.6447 | 0.0100 | get 0.0050% / 4h | 1h 51m | $5.5M | $1.0M | 100x |
Polymarket Perps MORPHO-USD
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $143.56
- Price spread: 0.000% → −0.043%
- $4.26
- Slippage, 4 orders
- −$14.03
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $121.79
- Costs to cover
- 0.260%
- Break-even
- 1.1 days
Slippage from Polymarket Perps: live order book, 2 min ago; MEXC: live order book, 1 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 | 1.70 bp | 9.0 bp −$9 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.38 bp | 5.7 bp −$6 | 39.2 bp −$392 | 195.9 bp −$19.6K | 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 | −0.1858% | 1h | 2.6410 | −0.138% | $82K | $149K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.1160% | 1h | 2.6401 | −0.174% | $868 | $13K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1147% | 1h | 2.6447 | 0.000% | $11K | $911 | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0597% | 4h | 2.6440 | −0.026% | $8.5M | $9.6M | 25x | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0584% | 1h | 2.6447 | long leg | $26K | $1.8M | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0544% | 4h | 2.6541 | +0.357% | $29K | $154K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0337% | 1h | 2.6610 | +0.616% | $44K | $198K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0312% | 1h | 2.6617 | +0.643% | $77K | $45K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6458 | +0.042% | $645K | $245K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0196% | 4h | 2.6469 | +0.083% | $771K | $530K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Bybit MORPHOUSDT
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0160% | 4h | 2.6456 | +0.034% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0090% | 1h | 2.6500 | +0.200% | $34K | $484K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6457 | +0.039% | $16 | — | 10x | as long as short |
| Variational Omni MORPHO | +0.0035% | 4h | 2.6558 | +0.419% | $643K | $1.2M | — | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6488 | +0.156% | $315K | $333K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6442 | −0.018% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6477 | +0.113% | $6.2M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6486 | +0.148% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6424 | −0.086% | $16.1M | $26.2M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6442 | −0.019% | $3.2M | $4.4M | 20x | as long as short |
| MEXC MORPHO_USDTshort | +0.0100% | 4h | 2.6447 | 0.000% | $5.5M | $1.0M | 100x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6470 | +0.087% | $618K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6463 | +0.060% | $2.9M | $1.9M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6449 | +0.008% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6445 | −0.008% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6444 | −0.012% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6485 | +0.144% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Variational Omni MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]