Funding you earn now, next payment 01:00 UTC−0.0561%/8h= −61.4% APRnext payment −$0.70 per $10,000 · paid last 24h −0.037%
Price spread now: Polymarket Perps against Reya+0.027%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
=The price spread pays, funding is against you. Polymarket Perps is 0.027% dearer against Reya than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.6490 | −0.0004 | get 0.0001% / 1h | 54m 45s | $16 | — | 10x |
| Short | Polymarket Perps MORPHO-USD | 2.6497 | −0.0565 | pay 0.0071% / 1h | 54m 45s | $28K | $1.7M | 5x |
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Reya. 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
- −$117.81
- Price spread: +0.027% → 0.000%
- $2.74
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$129.07
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Polymarket Perps: live order book, 4 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 Reya no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 4 min ago | 2.26 bp | 6.3 bp −$6 | 6.4 bp −$64 | doesn't fit | doesn't fit |
Reya: 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 | −0.1835% | 1h | 2.6490 | +0.001% | $81K | $139K | 20x | as long as short |
| Bybit MORPHOUSDT | −0.1119% | 4h | 2.6513 | +0.088% | $8.4M | $9.3M | 25x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0918% | 1h | 2.6500 | +0.039% | $11K | $788 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0896% | 1h | 2.6440 | −0.188% | $869 | $12K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0648% | 4h | 2.6499 | +0.035% | $41K | $146K | 10x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0565% | 1h | 2.6497 | +0.027% | $28K | $1.7M | 5x | |
| Gate MORPHO_USDT | −0.0378% | 4h | 2.6518 | +0.107% | $768K | $515K | 50x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6537 | +0.178% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0242% | 4h | 2.6501 | +0.044% | $631K | $1.0M | — | as long as short |
| BloFin MORPHO-USDT | −0.0217% | 4h | 2.6518 | +0.107% | $639K | $239K | 20x | as long as short |
Kraken Futures PF_MORPHOUSD
Bybit MORPHOUSDT
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Gate MORPHO_USDT
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0145% | 4h | 2.6491 | +0.005% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6558 | +0.258% | $44K | $474K | 5x | as long as short |
| Reya MORPHORUSDPERPlong | −0.0004% | 1h | 2.6490 | long leg | $16 | — | 10x | |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.226% | $37 | $242K | 5.5x | as long as short |
| Extended MORPHO-USD | +0.0064% | 1h | 2.6516 | +0.101% | $103K | $295K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0064% | 4h | 2.6521 | +0.118% | $5.5M | $899K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0065% | 4h | 2.6519 | +0.112% | $16.1M | $26.0M | 75x | as long as short |
| Aster MORPHOUSDT | +0.0076% | 4h | 2.6539 | +0.186% | $58K | $30K | 20x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6539 | +0.187% | $316K | $324K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6501 | +0.042% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6592 | +0.386% | $6.3M | $7.0M | 5x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6538 | +0.182% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6532 | +0.159% | $594K | $267K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6539 | +0.186% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6537 | +0.178% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6494 | +0.016% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6519 | +0.109% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Injective MORPHO/USDC PERP
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Aster MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]