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

MORPHO

all MORPHO markets
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Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · farm boardneeds both histories
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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya MORPHORUSDPERP2.5790−0.0005get 0.0001% / 1h31m 42s$1510x
ShortPolymarket Perps MORPHO-USD2.58180.0018get 0.0002% / 1h31m 42s$25K$1.5M5x

Funding 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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Polymarket Perps live order book, 2 min ago2.71 bp7.1 bp −$77.3 bp −$73doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_MORPHOUSD−0.1566%1h2.5776−0.053%$81K$129K20xas long as short
Deribit MORPHO_USDC-PERPETUAL−0.1299%1h2.5784−0.023%$11K$2K10xas long as short
01 Exchange MORPHOUSD−0.0888%1h2.5758−0.124%$846$9K5xas long as short
GRVT MORPHO_USDT_Perp−0.0394%4h2.5854+0.248%$33K$134K10xas long as short
Coinbase International MORPHO-PERP-INTX−0.0216%1h2.5835+0.174%$73K$39K25xas long as short
BloFin MORPHO-USDT−0.0177%4h2.5803+0.050%$634K$241K20xas long as short
Phoenix MORPHO−0.0154%1h2.5858+0.264%$33K$330K5xas long as short
Orderly PERP_MORPHO_USDC−0.0131%4h2.5789−0.004%$10K$34K10xas long as short
Reya MORPHORUSDPERPlong−0.0005%1h2.5790long leg$1510x
Polymarket Perps MORPHO-USDshort+0.0018%1h2.5818+0.108%$25K$1.5M5x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MORPHO/USDC PERP+0.0033%1h2.6430+2.481%$37$242K5.5xas long as short
MEXC MORPHO_USDT+0.0086%4h2.5783−0.027%$6.2M$909K100xas long as short
Extended MORPHO-USD+0.0088%1h2.5775−0.057%$103K$343K10xas long as short
Binance MORPHOUSDT+0.0089%4h2.5786−0.016%$15.6M$24.0M75xas long as short
Lighter MORPHO+0.0096%1h2.5833+0.167%$311K$295K5xas long as short
Paradex MORPHO-USD-PERP+0.0100%8h2.5785−0.018%$5K$35xas long as short
Hyperliquid MORPHO+0.0100%1h2.5826+0.139%$5.9M$6.8M5xas long as short
Aster MORPHOUSDT+0.0100%4h2.5792+0.009%$57K$31K20xas long as short
Bybit MORPHOUSDT+0.0100%4h2.5801+0.043%$7.9M$8.5M25xas long as short
OKX MORPHO-USDT-SWAP+0.0100%4h2.5821+0.120%$3.2M$4.0M20xas long as short
Gate MORPHO_USDT+0.0100%4h2.5794+0.015%$755K$487K50xas long as short
KuCoin MORPHOUSDTM+0.0100%4h2.5822+0.124%$593K$246K50xas long as short
Bitget MORPHOUSDT+0.0100%4h2.5754−0.140%$2.8M$1.6M75xas long as short
BingX MORPHO-USDT+0.0100%4h2.5791+0.004%$1.4Mas long as short
Variational Omni MORPHO+0.0100%4h2.5866+0.295%$615K$677Kas long as short
SoDEX MORPHO-USD+0.0100%1h2.5776−0.054%$21K$4K5xas long as short
GMX MORPHO/USD [ETH-USDC]L +0.0156% / S +0.0037%1h2.5819+0.112%$6K100xas long as short