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 19:00 UTC−0.0420%/8h
paid, last 24h−0.047%paid, last 7 days−0.195%to open and close $10k−$56
Long on OKXShort on Polymarket Perps
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MORPHO-USDT-SWAP2.67780.0100pay 0.0050% / 4h1h 35m$3.2M$4.6M20x
ShortPolymarket Perps MORPHO-USD2.6774−0.0320pay 0.0040% / 1h35m 35s$27K$2.7M5x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$88.23
Slippage, 4 orders
−$37.62
Fee OKX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$143.86
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Polymarket Perps: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.015%
Avg gap 7d
0.000%
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 OKX live order book, 3 min ago2.61 bp17.9 bp −$18176.1 bp −$1,761doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 5 min ago1.68 bp5.7 bp −$65.8 bp −$58doesn't fitdoesn't fit

MORPHO on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_MORPHOUSD−0.2234%1h$84K$165K20xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.0831%1h$10K$74510xas long as short
Gate MORPHO_USDT−0.0616%4h$772K$538K50xas long as short
01 Exchange MORPHOUSD−0.0568%1h$878$12K5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0352%1h$78K$47K25xas long as short
Polymarket Perps MORPHO-USDshort−0.0320%1h$27K$2.7M5x
Orderly PERP_MORPHO_USDC−0.0209%4h$10K$34K10xas long as short
Bybit MORPHOUSDT−0.0185%4h$8.8M$10.3M25xas long as short
BloFin MORPHO-USDT−0.0133%4h$666K$205K20xas long as short
Phoenix MORPHO−0.0030%1h$35K$478K5xas 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
Extended MORPHO-USD+0.0064%1h$101K$304K10xas long as short
MEXC MORPHO_USDT+0.0064%4h$4.8M$1.2M100xas long as short
Variational Omni MORPHO+0.0065%4h$654K$1.4M—as long as short
Binance MORPHOUSDT+0.0065%4h$16.5M$27.3M75xas long as short
Lighter MORPHO+0.0096%1h$319K$364K5xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h$6.4M$7.1M5xas long as short
Aster MORPHOUSDT+0.0100%4h$58K$32K20xas long as short
OKX MORPHO-USDT-SWAPlong+0.0100%4h$3.2M$4.6M20x
KuCoin MORPHOUSDTM+0.0100%4h$599K$345K50xas long as short
Bitget MORPHOUSDT+0.0100%4h$2.9M$2.1M75xas long as short
BingX MORPHO-USDT+0.0100%4h—$1.5M—as long as short
SoDEX MORPHO-USD+0.0100%1h$22K$2K5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0157% / S −0.0698%1h$2K—100xas long as short