Funding you earn now, next payment 00:00 UTC+0.0110%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.123%
Price spread now: Polymarket Perps against 01 Exchange+0.113%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
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.113% dearer against 01 Exchange 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 | 01 Exchange MORPHOUSD | 2.6582 | −0.0608 | get 0.0076% / 1h | 49m 24s | $873 | $12K | 5x |
| Short | Polymarket Perps MORPHO-USD | 2.6612 | −0.0498 | pay 0.0062% / 1h | 49m 24s | $26K | $1.7M | 5x |
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against 01 Exchange. 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
- $23.12
- Price spread: +0.113% → 0.000%
- $11.29
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $19.4
- Costs to cover
- 0.150%
- Break-even
- 1.1 days
Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 4 min ago | 2.45 bp | 8.4 bp −$8 | 9.2 bp −$92 | doesn't fit | doesn't fit |
01 Exchange: 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 | −0.1749% | 1h | 2.6592 | +0.036% | $82K | $146K | 20x | as long as short |
| 01 Exchange MORPHOUSDlong | −0.0608% | 1h | 2.6582 | long leg | $873 | $12K | 5x | |
| Deribit MORPHO_USDC-PERPETUAL | −0.0537% | 1h | 2.6648 | +0.248% | $11K | $812 | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0536% | 4h | 2.6564 | −0.067% | $29K | $134K | 10x | as long as short |
| Polymarket Perps MORPHO-USDshort | −0.0498% | 1h | 2.6612 | +0.113% | $26K | $1.7M | 5x | |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.572% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0377% | 4h | 2.6610 | +0.105% | $8.5M | $9.2M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6654 | +0.271% | $77K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0225% | 4h | 2.6567 | −0.056% | $638K | $251K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0147% | 4h | 2.6608 | +0.098% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0124% | 4h | 2.6608 | +0.098% | $773K | $531K | 50x | as long as short |
| Variational Omni MORPHO | −0.0109% | 4h | 2.6572 | −0.039% | $630K | $1.0M | — | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6612 | +0.113% | $44K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6612 | +0.113% | $16 | — | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0014% | 4h | 2.6612 | +0.113% | $5.5M | $940K | 100x | as long as short |
| Extended MORPHO-USD | +0.0016% | 1h | 2.6609 | +0.100% | $103K | $301K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0018% | 4h | 2.6605 | +0.087% | $16.1M | $25.8M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6650 | +0.254% | $317K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6622 | +0.151% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6674 | +0.346% | $6.3M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6602 | +0.075% | $58K | $31K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6605 | +0.087% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6628 | +0.173% | $596K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6616 | +0.128% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6623 | +0.154% | — | $1.5M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6626 | +0.166% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −0.3373% | 1h | 2.6650 | +0.256% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Variational Omni MORPHO
Phoenix MORPHO
Reya MORPHORUSDPERP
MEXC MORPHO_USDT
Extended MORPHO-USD
Binance MORPHOUSDT
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]