Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.094%
Price spread now: Polymarket Perps against OKX+0.046%47s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days−0.261%−$26 on $10k
+Price spread, last 7 days−0.147%−$15 · spread now +0.046%, 7d avg −0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.048% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.5841 | 0.0100 | pay 0.0050% / 4h | 3h 51m | $3.2M | $4.1M | 20x |
| Short | Polymarket Perps MORPHO-USD | 2.5853 | 0.0100 | get 0.0013% / 1h | 51m 42s | $25K | $1.4M | 5x |
OKX MORPHO-USDT-SWAP
Polymarket Perps MORPHO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against OKX. 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
- $0
- Price spread: +0.046% → −0.002%
- $4.79
- Slippage, 4 orders
- −$31.82
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$45.03
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Polymarket Perps: live order book, 12 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 OKX live order book, 1 min ago | 1.94 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 12 min ago | 0.39 bp | 4.4 bp −$4 | 7.1 bp −$71 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.2467% | 1h | 2.5768 | −0.282% | $84K | $134K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1336% | 1h | 2.5802 | −0.151% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0920% | 1h | 2.5793 | −0.186% | $848 | $9K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0552% | 1h | 2.5579 | −1.014% | $70K | $37K | 25x | as long as short |
| Variational Omni MORPHO | −0.0458% | 4h | 2.5776 | −0.253% | $614K | $526K | — | as long as short |
| BloFin MORPHO-USDT | −0.0411% | 4h | 2.5777 | −0.248% | $630K | $238K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0380% | 4h | 2.5752 | −0.344% | $30K | $123K | 10x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0278% | 4h | 2.5805 | −0.139% | $10K | $34K | 10x | as long as short |
| Aster MORPHOUSDT | −0.0201% | 4h | 2.5817 | −0.093% | $54K | $49K | 20x | as long as short |
| Extended MORPHO-USD | −0.0168% | 1h | 2.5811 | −0.116% | $99K | $375K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
BloFin MORPHO-USDT
GRVT MORPHO_USDT_Perp
Orderly PERP_MORPHO_USDC
Aster MORPHOUSDT
Extended MORPHO-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MORPHO_USDT | −0.0166% | 4h | 2.5816 | −0.097% | $6.3M | $910K | 100x | as long as short |
| Binance MORPHOUSDT | −0.0165% | 4h | 2.5818 | −0.089% | $15.5M | $23.9M | 75x | as long as short |
| Phoenix MORPHO | −0.0155% | 1h | 2.5793 | −0.186% | $33K | $308K | 5x | as long as short |
| Gate MORPHO_USDT | −0.0072% | 4h | 2.5817 | −0.093% | $759K | $484K | 50x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5821 | −0.079% | $15 | — | 10x | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | +2.279% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5861 | +0.078% | $312K | $283K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5822 | −0.074% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5866 | +0.097% | $6.0M | $7.0M | 5x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5843 | +0.008% | $7.8M | $8.4M | 25x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.5841 | long leg | $3.2M | $4.1M | 20x | |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5841 | 0.000% | $588K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5827 | −0.054% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5835 | −0.023% | — | $1.4M | — | as long as short |
| Polymarket Perps MORPHO-USDshort | +0.0100% | 1h | 2.5853 | +0.046% | $25K | $1.4M | 5x | |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5800 | −0.159% | $21K | $5K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0157% / S −12.8912% | 1h | 2.5842 | +0.002% | $1K | — | 100x | as long as short |
MEXC MORPHO_USDT
Binance MORPHOUSDT
Phoenix MORPHO
Gate MORPHO_USDT
Reya MORPHORUSDPERP
Injective MORPHO/USDC PERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Bybit MORPHOUSDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]