Funding you earn now, next payment 05:00 UTC−0.0794%/8h= −87.0% APRnext payment −$0.99 per $10,000 · paid last 24h −0.196%
Price spread now: Deribit against Polymarket Perps−0.019%7-day average — · you buy dearer than you sell
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$24 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6144 | −0.0255 | get 0.0032% / 1h | 53m 11s | $25K | $1.5M | 5x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.6139 | −0.1049 | pay 0.0131% / 1h | 53m 11s | $11K | $1K | 10x |
Polymarket Perps MORPHO-USD
Deribit MORPHO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Polymarket Perps. 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
- −$166.79
- Price spread: −0.019% → 0.000%
- −$1.91
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$183.7
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Deribit: no order-book sample. 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 Polymarket Perps live order book, 5 min ago | 2.30 bp | 6.3 bp −$6 | 6.5 bp −$65 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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 | −0.2160% | 1h | 2.6137 | −0.026% | $81K | $126K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALshort | −0.1049% | 1h | 2.6139 | −0.019% | $11K | $1K | 10x | |
| 01 Exchange MORPHOUSD | −0.0896% | 1h | 2.6102 | −0.161% | $858 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0776% | 4h | 2.6027 | −0.448% | $34K | $140K | 10x | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0255% | 1h | 2.6144 | long leg | $25K | $1.5M | 5x | |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.6082 | −0.237% | $75K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6115 | −0.111% | $636K | $242K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0139% | 4h | 2.6137 | −0.027% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6074 | −0.268% | $43K | $337K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6131 | −0.049% | $16 | — | 10x | 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
Phoenix MORPHO
Reya MORPHORUSDPERPShow 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 | +1.094% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6158 | +0.054% | $314K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6124 | −0.076% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6179 | +0.134% | $6.1M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6143 | −0.005% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6138 | −0.023% | $15.8M | $24.3M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6140 | −0.015% | $8.2M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6160 | +0.061% | $3.2M | $4.1M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6100 | −0.168% | $764K | $469K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6135 | −0.034% | $5.9M | $820K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6153 | +0.034% | $597K | $250K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6144 | 0.000% | $2.8M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6149 | +0.019% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6030 | −0.434% | $621K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6140 | −0.015% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6123 | −0.082% | $101K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6157 | +0.050% | $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]