Funding you earn now, next payment 03:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h −0.055%
Price spread now: GRVT against Extended+0.088%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$880.884% of the position
Funding, last 7 days−0.376%−$38 on $10k
+Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.088%, 7d avg −0.017%
=Together, before fees−0.248%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.104% dearer against Extended than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.017%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MORPHO-USD | 2.6270 | 0.0104 | pay 0.0013% / 1h | 19m 27s | $101K | $353K | 10x |
| Short | GRVT MORPHO_USDT_Perp | 2.6293 | −0.0130 | pay 0.0065% / 4h | 1h 19m | $32K | $142K | 10x |
Extended MORPHO-USD
GRVT MORPHO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Extended. 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
- −$49.14
- Price spread: +0.088% → −0.017%
- $10.44
- Slippage, 4 orders
- −$74.36
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$127.06
- Costs to cover
- 0.884%
- Break-even
- never at this rate
Slippage from Extended: live order book, 43 min ago; GRVT: live order book, 43 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 Extended live order book, 43 min ago | 3.05 bp | 22.0 bp −$22 | 185.5 bp −$1,855 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 43 min ago | 1.33 bp | 30.2 bp −$30 | doesn't fit | 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 | −0.1670% | 1h | 2.6252 | −0.066% | $82K | $127K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1080% | 1h | 2.6280 | +0.039% | $11K | $759 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0656% | 1h | 2.6262 | −0.029% | $863 | $9K | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6319 | +0.188% | $639K | $244K | 20x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0192% | 1h | 2.6345 | +0.287% | $75K | $42K | 25x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0157% | 4h | 2.6278 | +0.032% | $10K | $34K | 10x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0153% | 1h | 2.6298 | +0.108% | $25K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perpshort | −0.0130% | 4h | 2.6293 | +0.088% | $32K | $142K | 10x | |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.6298 | +0.106% | $16 | — | 10x | as long as short |
| Phoenix MORPHO | 0.0000% | 1h | 2.6313 | +0.165% | $43K | $392K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
BloFin MORPHO-USDT
Coinbase International MORPHO-PERP-INTX
Orderly PERP_MORPHO_USDC
Polymarket Perps MORPHO-USD
Reya MORPHORUSDPERP
Phoenix MORPHOShow 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 | +0.610% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0044% | 4h | 2.6302 | +0.123% | $757K | $504K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6310 | +0.154% | $315K | $308K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6286 | +0.062% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6342 | +0.276% | $6.2M | $6.9M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6306 | +0.139% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6281 | +0.042% | $15.9M | $25.3M | 75x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6301 | +0.119% | $8.3M | $9.3M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6311 | +0.157% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6283 | +0.051% | $5.8M | $841K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6322 | +0.199% | $598K | $251K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6291 | +0.081% | $2.8M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6321 | +0.195% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6345 | +0.287% | $628K | $848K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6280 | +0.039% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USDlong | +0.0104% | 1h | 2.6270 | long leg | $101K | $353K | 10x | |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6316 | +0.177% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]