Funding you earn now, next payment 12:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h +0.007%
Price spread now: Polymarket Perps against BloFin+0.137%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days−0.572%−$57 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.137%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Polymarket Perps is 0.081% dearer against BloFin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.572%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.5601 | −0.0200 | get 0.0100% / 4h | 50m 55s | $627K | $228K | 20x |
| Short | Polymarket Perps MORPHO-USD | 2.5636 | 0.0100 | get 0.0013% / 1h | 50m 55s | $22K | $1.0M | 5x |
BloFin MORPHO-USDT
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against BloFin. 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
- $63
- Price spread: +0.137% → +0.056%
- $8.09
- Slippage, 4 orders
- −$27.3
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $23.78
- Costs to cover
- 0.473%
- Break-even
- 4.4 days
Slippage from BloFin: live order book, 54 min ago; Polymarket Perps: live order book, 5 min ago.
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 BloFin live order book, 54 min ago | 0.96 bp | 18.6 bp −$19 | 35.0 bp −$350 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 5 min ago | 1.37 bp | 8.2 bp −$8 | 10.0 bp −$100 | doesn't fit | doesn't fit |
MORPHO on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MORPHO-PERP-INTX | −0.1768% | 1h | 2.5622 | +0.082% | $50K | $54K | 25x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.0609% | 1h | 2.5626 | +0.097% | $85K | $153K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0456% | 1h | 2.5601 | 0.000% | $22K | $30K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0296% | 1h | 2.5615 | +0.055% | $10K | $3K | 10x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0270% | 4h | 2.5621 | +0.079% | $30K | $122K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0235% | 4h | 2.5615 | +0.055% | $10K | $11K | 10x | as long as short |
| BloFin MORPHO-USDTlong | −0.0200% | 4h | 2.5601 | long leg | $627K | $228K | 20x | |
| Bybit MORPHOUSDT | −0.0186% | 4h | 2.5637 | +0.141% | $7.7M | $7.2M | 25x | as long as short |
| Phoenix MORPHO | −0.0062% | 1h | 2.5644 | +0.168% | $33K | $278K | 5x | as long as short |
| Variational Omni MORPHO | −0.0058% | 4h | 2.5618 | +0.067% | $610K | $202K | — | as long as short |
Coinbase International MORPHO-PERP-INTX
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Bybit MORPHOUSDT
Phoenix MORPHO
Variational Omni MORPHOShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5604 | +0.013% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +3.238% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5667 | +0.259% | $307K | $183K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5609 | +0.031% | $5K | $200 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5665 | +0.250% | $5.9M | $5.4M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5646 | +0.176% | $56K | $51K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5629 | +0.111% | $15.2M | $21.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5638 | +0.145% | $3.1M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5625 | +0.094% | $752K | $383K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5633 | +0.125% | $6.5M | $972K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5649 | +0.187% | $590K | $253K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5613 | +0.047% | $2.7M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5633 | +0.125% | — | $1.5M | — | as long as short |
| Polymarket Perps MORPHO-USDshort | +0.0100% | 1h | 2.5636 | +0.137% | $22K | $1.0M | 5x | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5617 | +0.062% | $21K | $5K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5616 | +0.060% | $105K | $520K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0320% / S −122.7297% | 1h | 2.5632 | +0.122% | $9K | — | 100x | as long as short |
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]