data as of
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Funding arb /

MORPHO

all MORPHO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC−0.0043%/8h
paid, last 24h−0.025%paid, last 7 days−0.155%to open and close $10k−$60
Long on BybitShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MORPHOUSDT2.7344−0.0264get 0.0132% / 4h3h 25m$9.0M$11.1M25x
ShortPolymarket Perps MORPHO-USD2.7340−0.0307pay 0.0038% / 1h25m 17s$29K$3.0M5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$9.05
Slippage, 4 orders
−$40.59
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$68.64
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.015%
Avg gap 7d
−0.053%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago5.48 bp21.6 bp −$2284.5 bp −$845doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 5 min ago2.74 bp6.7 bp −$77.7 bp −$77doesn't fitdoesn't fit

MORPHO on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Deribit MORPHO_USDC-PERPETUAL−0.1101%1h$11K$44310xas long as short
Kraken Futures PF_MORPHOUSD−0.1052%1h$99K$183K20xas long as short
01 Exchange MORPHOUSD−0.0696%1h$897$10K5xas long as short
Gate MORPHO_USDT−0.0456%4h$767K$574K50xas long as short
Polymarket Perps MORPHO-USDshort−0.0307%1h$29K$3.0M5x
Bybit MORPHOUSDTlong−0.0264%4h$9.0M$11.1M25x
Coinbase International MORPHO-PERP-INTX−0.0256%1h$79K$52K25xas long as short
BloFin MORPHO-USDT−0.0193%4h$679K$247K20xas long as short
Phoenix MORPHO−0.0146%1h$35K$554K5xas long as short
Orderly PERP_MORPHO_USDC−0.0142%4h$11K$34K10xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Reya MORPHORUSDPERP−0.0004%1h$16—10xas long as short
Injective MORPHO/USDC PERP+0.0033%1h$38$34K5.5xas long as short
Lighter MORPHO+0.0096%1h$321K$475K5xas long as short
Extended MORPHO-USD+0.0096%1h$103K$304K10xas long as short
Binance MORPHOUSDT+0.0096%4h$16.9M$30.4M75xas long as short
MEXC MORPHO_USDT+0.0098%4h$4.9M$1.3M100xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h$5K$35xas long as short
Aster MORPHOUSDT+0.0100%4h$60K$34K20xas long as short
OKX MORPHO-USDT-SWAP+0.0100%4h$3.2M$5.6M20xas long as short
KuCoin MORPHOUSDTM+0.0100%4h$663K$380K50xas long as short
Bitget MORPHOUSDT+0.0100%4h$3.0M$2.6M75xas long as short
BingX MORPHO-USDT+0.0100%4h—$1.5M—as long as short
Variational Omni MORPHO+0.0100%4h$670K$1.4M—as long as short
SoDEX MORPHO-USD+0.0100%1h$23K$2K5xas long as short
Hyperliquid MORPHO+0.0120%1h$6.7M$8.2M5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0197% / S −0.0897%1h$2K—100xas long as short