Funding you earn now, next payment 00:00 UTC+0.0530%/8h= +58.1% APRnext payment +$0.66 per $10,000 · paid last 24h +0.037%
Price spread now: Reya against Polymarket Perps−0.011%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$16 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6425 | −0.0535 | get 0.0067% / 1h | 31m 20s | $26K | $1.7M | 5x |
| Short | Reya MORPHORUSDPERP | 2.6422 | −0.0004 | pay 0.0001% / 1h | 31m 20s | $16 | — | 10x |
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $111.38
- Price spread: −0.011% → 0.000%
- −$1.12
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $96.25
- Costs to cover
- 0.140%
- Break-even
- 1.0 days
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Reya: 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, 2 min ago | 2.46 bp | 7.6 bp −$8 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | −0.1761% | 1h | 2.6398 | −0.103% | $82K | $140K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0961% | 1h | 2.6403 | −0.083% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0928% | 1h | 2.6360 | −0.246% | $866 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0548% | 4h | 2.6445 | +0.077% | $29K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0535% | 1h | 2.6425 | long leg | $26K | $1.7M | 5x | |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | +0.019% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0396% | 4h | 2.6423 | −0.008% | $8.4M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6508 | +0.314% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0151% | 4h | 2.6422 | −0.011% | $628K | $1.0M | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6410 | −0.057% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0104% | 4h | 2.6469 | +0.167% | $769K | $532K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6496 | +0.269% | $43K | $477K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0038% | 4h | 2.6440 | +0.057% | $638K | $252K | 20x | as long as short |
| MEXC MORPHO_USDT | −0.0006% | 4h | 2.6428 | +0.011% | $5.5M | $951K | 100x | as long as short |
| Reya MORPHORUSDPERPshort | −0.0004% | 1h | 2.6422 | −0.011% | $16 | — | 10x | |
| Binance MORPHOUSDT | −0.0003% | 4h | 2.6420 | −0.018% | $16.0M | $25.9M | 75x | as long as short |
| Extended MORPHO-USD | 0.0000% | 1h | 2.6406 | −0.071% | $103K | $298K | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6443 | +0.068% | $315K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6418 | −0.028% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6498 | +0.276% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6461 | +0.137% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6406 | −0.072% | $3.2M | $4.4M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6465 | +0.151% | $593K | $270K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6436 | +0.042% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6446 | +0.079% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6395 | −0.114% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0154% / S −0.2700% | 1h | 2.6457 | +0.120% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
BloFin MORPHO-USDT
MEXC MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
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]