Funding you earn now, next payment 09:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h −0.087%
Price spread now: Polymarket Perps against Extended+0.204%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$560.557% of the position
Funding, last 7 days−0.255%−$25 on $10k
+Price spread, last 7 days−0.223%−$22 · spread now +0.204%, 7d avg +0.049%
=Together, before fees−0.478%+ Points / potential airdropExtended: Active · farm board−$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Polymarket Perps is 0.155% dearer against Extended than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.255%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.5770 | −0.0168 | get 0.0021% / 1h | 52m 52s | $99K | $375K | 10x |
| Short | Polymarket Perps MORPHO-USD | 2.5823 | 0.0100 | get 0.0013% / 1h | 52m 52s | $25K | $1.4M | 5x |
Extended MORPHO-USD
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Extended. 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
- $56.28
- Price spread: +0.204% → +0.049%
- $15.54
- Slippage, 4 orders
- −$42.7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $16.12
- Costs to cover
- 0.557%
- Break-even
- 5.0 days
Slippage from Extended: live order book, 45 min ago; Polymarket Perps: live order book, 10 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 Extended live order book, 45 min ago | 2.71 bp | 22.2 bp −$22 | 236.5 bp −$2,365 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 10 min ago | 0.39 bp | 4.4 bp −$4 | 7.1 bp −$71 | doesn't fit | 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 | −0.2468% | 1h | 2.5756 | −0.057% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1299% | 1h | 2.5786 | +0.060% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0952% | 1h | 2.5757 | −0.052% | $846 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5579 | −0.743% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0458% | 4h | 2.5776 | +0.021% | $614K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0411% | 4h | 2.5777 | +0.025% | $630K | $238K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0380% | 4h | 2.5752 | −0.072% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0276% | 4h | 2.5778 | +0.029% | $10K | $34K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0172% | 4h | 2.5786 | +0.060% | $6.3M | $910K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0171% | 4h | 2.5782 | +0.045% | $15.5M | $24.0M | 75x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
MEXC MORPHO_USDT
Binance MORPHOUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended MORPHO-USDlong | −0.0168% | 1h | 2.5770 | long leg | $99K | $375K | 10x | |
| Phoenix MORPHO | −0.0155% | 1h | 2.5793 | +0.088% | $33K | $308K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5794 | +0.091% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.559% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0042% | 4h | 2.5801 | +0.119% | $759K | $483K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5803 | +0.126% | $311K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5783 | +0.048% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5818 | +0.185% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5779 | +0.033% | $54K | $49K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5801 | +0.119% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5782 | +0.045% | $3.2M | $4.1M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5792 | +0.084% | $586K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5778 | +0.029% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5783 | +0.049% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USDshort | +0.0100% | 1h | 2.5823 | +0.204% | $25K | $1.4M | 5x | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5780 | +0.037% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S −12.8912% | 1h | 2.5812 | +0.160% | $1K | — | 100x | as long as short |
Phoenix MORPHO
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]