Funding you earn now, next payment 08:00 UTC−0.0194%/8h= −21.2% APRpaid last 24h −0.075%
Price spread now: Polymarket Perps against Variational Omni−0.088%7-day average +0.038% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.088%, 7d avg +0.038%
=Together, before fees+0.036%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.126% cheaper against Variational Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni MORPHO | 2.5930 | −0.0208 | get 0.0104% / 4h | 41m 10s | $618K | $676K | — |
| Short | Polymarket Perps MORPHO-USD | 2.5907 | −0.0402 | pay 0.0050% / 1h | 41m 10s | $24K | $1.4M | 5x |
Variational Omni MORPHO
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Variational Omni. 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
- −$40.71
- Price spread: −0.088% → +0.038%
- −$12.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$61.35
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; 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 Variational Omni RFQ quote, 3 min ago | 4.65 bp | doesn't fit | 68.7 bp −$687 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 2.32 bp | 7.8 bp −$8 | 8.0 bp −$80 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1754% | 1h | 2.5892 | −0.146% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1472% | 1h | 2.5819 | −0.428% | $848 | $9K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1234% | 1h | 2.5851 | −0.305% | $84K | $133K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0598% | 4h | 2.5896 | −0.130% | $30K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0507% | 4h | 2.5920 | −0.038% | $7.9M | $8.7M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0496% | 1h | 2.5910 | −0.077% | $71K | $37K | 25x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0402% | 1h | 2.5907 | −0.088% | $24K | $1.4M | 5x | |
| Variational Omni MORPHOlong | −0.0208% | 4h | 2.5930 | long leg | $618K | $676K | — | |
| Phoenix MORPHO | −0.0185% | 1h | 2.5911 | −0.073% | $33K | $336K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0183% | 4h | 2.5891 | −0.150% | $10K | $34K | 10x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Phoenix MORPHO
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MORPHO-USDT | −0.0128% | 4h | 2.5887 | −0.166% | $632K | $239K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0072% | 4h | 2.5899 | −0.119% | $758K | $503K | 50x | as long as short |
| Binance MORPHOUSDT | −0.0032% | 4h | 2.5891 | −0.152% | $15.6M | $24.5M | 75x | as long as short |
| Extended MORPHO-USD | −0.0032% | 1h | 2.5888 | −0.162% | $99K | $342K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0032% | 4h | 2.5890 | −0.154% | $6.3M | $903K | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5894 | −0.139% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +1.928% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5918 | −0.048% | $312K | $287K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5885 | −0.174% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5940 | +0.040% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5928 | −0.007% | $55K | $45K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5906 | −0.092% | $3.2M | $4.2M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5927 | −0.011% | $591K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5884 | −0.177% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5896 | −0.131% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5891 | −0.150% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.5926 | −0.013% | $1K | — | 100x | as long as short |
BloFin MORPHO-USDT
Gate MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
MEXC MORPHO_USDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]