Funding you earn now, next payment 01:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.075%
Price spread now: KuCoin against Polymarket Perps+0.011%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1831.832% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 4 days (all we have)+0.248%+$25 · spread now +0.011%, 7d avg +0.013%
=The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6548 | −0.0094 | get 0.0012% / 1h | 32m 47s | $29K | $1.7M | 5x |
| Short | KuCoin MORPHOUSDTM | 2.6551 | 0.0100 | get 0.0050% / 4h | 3h 32m | $594K | $265K | 50x |
Polymarket Perps MORPHO-USD
KuCoin MORPHOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Polymarket Perps. 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: +0.011% → +0.013%
- −$0.2
- Slippage, 4 orders
- −$163.2
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$142.7
- Costs to cover
- 1.832%
- Break-even
- 31.5 days
Slippage from Polymarket Perps: live order book, 1 min ago; KuCoin: live order book, 20 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 Polymarket Perps live order book, 1 min ago | 3.39 bp | 7.4 bp −$7 | 8.0 bp −$80 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 8.87 bp | 104.9 bp −$105 | 187.4 bp −$1,874 | 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 | −0.1834% | 1h | 2.6496 | −0.196% | $80K | $132K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0691% | 1h | 2.6531 | −0.064% | $11K | $785 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0424% | 1h | 2.6520 | −0.105% | $871 | $13K | 5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6574 | +0.098% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6517 | −0.117% | $640K | $234K | 20x | as long as short |
| Variational Omni MORPHO | −0.0192% | 4h | 2.6501 | −0.177% | $630K | $1.0M | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0142% | 4h | 2.6523 | −0.094% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0094% | 1h | 2.6548 | long leg | $29K | $1.7M | 5x | |
| Phoenix MORPHO | −0.0030% | 1h | 2.6532 | −0.060% | $43K | $474K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6536 | −0.044% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Variational Omni MORPHO
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.444% | $37 | $242K | 5.5x | as long as short |
| GRVT MORPHO_USDT_Perp | +0.0076% | 4h | 2.6502 | −0.173% | $41K | $133K | 10x | as long as short |
| Bybit MORPHOUSDT | +0.0086% | 4h | 2.6540 | −0.030% | $8.4M | $9.2M | 25x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6572 | +0.090% | $318K | $325K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6557 | +0.033% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6538 | −0.038% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6515 | −0.124% | $16.1M | $25.8M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6519 | −0.109% | $3.2M | $4.5M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.6533 | −0.057% | $769K | $516K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6520 | −0.105% | $5.5M | $903K | 100x | as long as short |
| KuCoin MORPHOUSDTMshort | +0.0100% | 4h | 2.6551 | +0.011% | $594K | $265K | 50x | |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6526 | −0.083% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6535 | −0.049% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6534 | −0.053% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6509 | −0.147% | $101K | $438K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −0.4126% | 1h | 2.6543 | −0.018% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0385% | 1h | 2.6593 | +0.170% | $6.3M | $7.0M | 5x | as long as short |
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO