Funding you earn now, next payment 21:00 UTC+0.0518%/8h= +56.7% APRnext payment +$0.65 per $10,000 · paid last 24h +0.130%
Price spread now: Polymarket Perps against 01 Exchange+0.240%7-day average — · you sell dearer than you buy
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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Polymarket Perps is 0.240% dearer against 01 Exchange than usual: you sell high and buy low: +$24 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 | 01 Exchange MORPHOUSD | 2.6692 | −0.0784 | get 0.0098% / 1h | 11m 47s | $877 | $12K | 5x |
| Short | Polymarket Perps MORPHO-USD | 2.6756 | −0.0266 | pay 0.0033% / 1h | 11m 47s | $25K | $2.0M | 5x |
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against 01 Exchange. 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
- $108.75
- Price spread: +0.240% → 0.000%
- $23.98
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $117.72
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: 01 Exchange: no order-book sample; Polymarket Perps: live order book, 2 min ago. 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 2 min ago | 2.99 bp | 9.6 bp −$10 | 56.1 bp −$561 | doesn't fit | doesn't fit |
01 Exchange: 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 | −0.1770% | 1h | 2.6726 | +0.126% | $84K | $152K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1728% | 1h | 2.6747 | +0.206% | $10K | $721 | 10x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0784% | 1h | 2.6692 | long leg | $877 | $12K | 5x | |
| GRVT MORPHO_USDT_Perp | −0.0448% | 4h | 2.6781 | +0.335% | $41K | $151K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0425% | 1h | 2.7020 | +1.229% | $38 | $123K | 5.5x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0266% | 1h | 2.6756 | +0.240% | $25K | $2.0M | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0240% | 1h | 2.6893 | +0.753% | $78K | $47K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0207% | 4h | 2.6744 | +0.195% | $10K | $34K | 10x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6746 | +0.202% | $656K | $216K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0058% | 4h | 2.6749 | +0.214% | $763K | $536K | 50x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
BloFin MORPHO-USDT
Gate MORPHO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MORPHOUSDT | −0.0028% | 4h | 2.6770 | +0.292% | $8.8M | $10.2M | 25x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6765 | +0.274% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | +0.0059% | 1h | 2.6862 | +0.637% | $35K | $471K | 5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6782 | +0.339% | $319K | $357K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6740 | +0.180% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6795 | +0.386% | $6.4M | $7.1M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6782 | +0.338% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6735 | +0.159% | $16.4M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6763 | +0.266% | $3.2M | $4.6M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6730 | +0.142% | $5.3M | $1.1M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6785 | +0.348% | $603K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6753 | +0.229% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6760 | +0.255% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6850 | +0.593% | $651K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6749 | +0.214% | $23K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6736 | +0.166% | $104K | $305K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0193% / S −16.5420% | 1h | 2.6784 | +0.343% | $1K | — | 100x | as long as short |
Bybit MORPHOUSDT
Reya MORPHORUSDPERP
Phoenix MORPHO
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]