Funding you earn now, next payment 06:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h −0.058%
Price spread now: Polymarket Perps against Reya+0.108%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
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.108% dearer against Reya than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya MORPHORUSDPERP | 2.5790 | −0.0005 | get 0.0001% / 1h | 31m 42s | $15 | — | 10x |
| Short | Polymarket Perps MORPHO-USD | 2.5818 | 0.0018 | get 0.0002% / 1h | 31m 42s | $25K | $1.5M | 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
- $4.81
- Price spread: +0.108% → 0.000%
- $10.85
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $1.65
- Costs to cover
- 0.140%
- Break-even
- 4.6 days
Slippage unknown: Reya: no order-book sample; Polymarket Perps: live order book, 2 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, 2 min ago | 2.71 bp | 7.1 bp −$7 | 7.3 bp −$73 | 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 | −0.1566% | 1h | 2.5776 | −0.053% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1299% | 1h | 2.5784 | −0.023% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0888% | 1h | 2.5758 | −0.124% | $846 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0394% | 4h | 2.5854 | +0.248% | $33K | $134K | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5835 | +0.174% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0177% | 4h | 2.5803 | +0.050% | $634K | $241K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5858 | +0.264% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5789 | −0.004% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERPlong | −0.0005% | 1h | 2.5790 | long leg | $15 | — | 10x | |
| Polymarket Perps MORPHO-USDshort | +0.0018% | 1h | 2.5818 | +0.108% | $25K | $1.5M | 5x |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
GRVT MORPHO_USDT_Perp
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDCShow 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 | +2.481% | $37 | $242K | 5.5x | as long as short |
| MEXC MORPHO_USDT | +0.0086% | 4h | 2.5783 | −0.027% | $6.2M | $909K | 100x | as long as short |
| Extended MORPHO-USD | +0.0088% | 1h | 2.5775 | −0.057% | $103K | $343K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0089% | 4h | 2.5786 | −0.016% | $15.6M | $24.0M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5833 | +0.167% | $311K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5785 | −0.018% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5826 | +0.139% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5792 | +0.009% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5801 | +0.043% | $7.9M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5821 | +0.120% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5794 | +0.015% | $755K | $487K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5822 | +0.124% | $593K | $246K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5754 | −0.140% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5791 | +0.004% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5866 | +0.295% | $615K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5776 | −0.054% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0156% / S +0.0037% | 1h | 2.5819 | +0.112% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Binance MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]