Settings8H · net · $10k
Funding arb · Price arb /

MORPHO

all MORPHO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0351%/8h= +38.4% APRpaid last 24h +0.089%
Price spread now: Paradex against Polymarket Perps−0.084%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding pays, the price is against you. Paradex is 0.084% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 19 hours of funding at the current rate (+$11 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps MORPHO-USD2.5982−0.0251get 0.0031% / 1h55m 56s$27K$1.5M5x
ShortParadex MORPHO-USD-PERP2.59600.0100get 0.0100% / 8h1h 55m$5K$35x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$73.63
Price spread: −0.084% → 0.000%
−$8.38
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
$53.26
Costs to cover
0.120%
Break-even
1.9 days
Slippage unknown: Polymarket Perps: live order book, 2 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 2 min ago2.88 bp7.7 bp −$88.1 bp −$81doesn't fitdoesn't fit
Sell Paradex no order-book sample
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit MORPHO_USDC-PERPETUAL−0.1634%1h2.5964−0.069%$11K$2K10xas long as short
Kraken Futures PF_MORPHOUSD−0.1376%1h2.5938−0.170%$81K$137K20xas long as short
01 Exchange MORPHOUSD−0.0992%1h2.5920−0.239%$852$9K5xas long as short
Coinbase International MORPHO-PERP-INTX−0.0432%1h2.5977−0.019%$73K$40K25xas long as short
GRVT MORPHO_USDT_Perp−0.0270%4h2.6056+0.286%$30K$134K10xas long as short
Polymarket Perps MORPHO-USDlong−0.0251%1h2.5982long leg$27K$1.5M5x
BloFin MORPHO-USDT−0.0200%4h2.5976−0.023%$639K$240K20xas long as short
Phoenix MORPHO−0.0154%1h2.6094+0.431%$34K$315K5xas long as short
Orderly PERP_MORPHO_USDC−0.0123%4h2.5962−0.077%$10K$34K10xas long as short
Reya MORPHORUSDPERP−0.0005%1h2.5958−0.090%$1610xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MORPHO/USDC PERP+0.0033%1h2.6430+1.724%$37$242K5.5xas long as short
Lighter MORPHO+0.0096%1h2.6002+0.079%$313K$294K5xas long as short
Paradex MORPHO-USD-PERPshort+0.0100%8h2.5960−0.084%$5K$35x
Hyperliquid MORPHO+0.0100%1h2.5999+0.065%$5.9M$7.0M5xas long as short
Aster MORPHOUSDT+0.0100%4h2.6002+0.078%$58K$33K20xas long as short
Binance MORPHOUSDT+0.0100%4h2.5959−0.088%$15.7M$24.5M75xas long as short
Bybit MORPHOUSDT+0.0100%4h2.5971−0.042%$8.0M$8.6M25xas long as short
OKX MORPHO-USDT-SWAP+0.0100%4h2.5973−0.035%$3.2M$4.1M20xas long as short
Gate MORPHO_USDT+0.0100%4h2.5981−0.004%$766K$508K50xas long as short
MEXC MORPHO_USDT+0.0100%4h2.5951−0.119%$6.2M$895K100xas long as short
KuCoin MORPHOUSDTM+0.0100%4h2.5985+0.012%$591K$256K50xas long as short
Bitget MORPHOUSDT+0.0100%4h2.5955−0.104%$2.8M$1.6M75xas long as short
BingX MORPHO-USDT+0.0100%4h2.5955−0.104%$1.4Mas long as short
Variational Omni MORPHO+0.0100%4h2.6055+0.282%$620K$677Kas long as short
SoDEX MORPHO-USD+0.0100%1h2.5955−0.104%$21K$4K5xas long as short
Extended MORPHO-USD+0.0104%1h2.5947−0.135%$100K$342K10xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0184% / S −15.5103%1h2.5990+0.031%$1K100xas long as short