Funding you earn now, next payment 05:00 UTC+0.1121%/8h= +122.7% APRnext payment +$1.40 per $10,000 · paid last 24h +0.196%
Price spread now: Polymarket Perps against Deribit+0.138%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 +$34 a day on $10k at the current rate, and Polymarket Perps is 0.138% dearer against Deribit than usual: you sell high and buy low: +$14 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 | Deribit MORPHO_USDC-PERPETUAL | 2.6069 | −0.1397 | get 0.0175% / 1h | 53m 39s | $11K | $1K | 10x |
| Short | Polymarket Perps MORPHO-USD | 2.6105 | −0.0276 | pay 0.0035% / 1h | 53m 39s | $25K | $1.6M | 5x |
Deribit MORPHO_USDC-PERPETUAL
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Deribit. 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
- $235.34
- Price spread: +0.138% → 0.000%
- $13.81
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $234.15
- Costs to cover
- 0.150%
- Break-even
- 0.0 days
Slippage unknown: Deribit: no order-book sample; Polymarket Perps: live order book, 5 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 5 min ago | 2.30 bp | 8.4 bp −$8 | 9.7 bp −$97 | doesn't fit | doesn't fit |
Deribit: 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 | −0.2168% | 1h | 2.6040 | −0.110% | $81K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALlong | −0.1397% | 1h | 2.6069 | long leg | $11K | $1K | 10x | |
| 01 Exchange MORPHOUSD | −0.0896% | 1h | 2.6102 | +0.127% | $858 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0776% | 4h | 2.6027 | −0.162% | $34K | $140K | 10x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0276% | 1h | 2.6105 | +0.138% | $25K | $1.6M | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6082 | +0.050% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6050 | −0.073% | $637K | $241K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0139% | 4h | 2.6073 | +0.015% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6073 | +0.015% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6074 | +0.019% | $43K | $337K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.385% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6138 | +0.263% | $314K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6124 | +0.212% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6144 | +0.288% | $6.1M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6130 | +0.234% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6120 | +0.196% | $15.8M | $24.3M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6120 | +0.196% | $8.1M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6154 | +0.326% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6092 | +0.088% | $764K | $469K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6099 | +0.115% | $5.9M | $820K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6126 | +0.219% | $596K | $250K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6102 | +0.127% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6113 | +0.169% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6030 | −0.148% | $621K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6064 | −0.019% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6113 | +0.168% | $101K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6106 | +0.142% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]