Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.90 per $10,000 · paid last 24h +0.055%
Price spread now: Binance against GRVT−0.405%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days+0.370%+$37 on $10k
+Price spread, last 3 days (all we have)+0.551%+$55 · spread now −0.405%, 7d avg +0.022%
=Together, before fees+0.921%+ Points / potential airdropGRVT: Active · farm board+$92 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.427% cheaper against GRVT than usual: you would sell low and buy high (spread −0.405% now, against its 7-day average of +0.022%). If the spread goes back, that is −$43 on $10k: about 7.9 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MORPHO_USDT_Perp | 2.6520 | −0.0080 | get 0.0040% / 4h | 2h 56m | $41K | $133K | 10x |
| Short | Binance MORPHOUSDT | 2.6413 | 0.0100 | get 0.0050% / 4h | 2h 56m | $16.0M | $25.1M | 75x |
GRVT MORPHO_USDT_Perp
Binance MORPHOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against GRVT. 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
- $37.8
- Price spread: −0.405% → +0.022%
- −$42.69
- Slippage, 4 orders
- −$54.77
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$78.67
- Costs to cover
- 0.738%
- Break-even
- 21.6 days
Slippage from GRVT: live order book, 10 min ago; Binance: live order book, 14 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 GRVT live order book, 10 min ago | 1.69 bp | 29.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.38 bp | 11.4 bp −$11 | 35.1 bp −$351 | 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 | −0.1894% | 1h | 2.6448 | −0.270% | $80K | $125K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0904% | 1h | 2.6448 | −0.271% | $869 | $11K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0806% | 1h | 2.6494 | −0.098% | $11K | $785 | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0232% | 1h | 2.6497 | −0.087% | $76K | $43K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6456 | −0.241% | $642K | $231K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0149% | 4h | 2.6480 | −0.151% | $10K | $34K | 10x | as long as short |
| GRVT MORPHO_USDT_Perplong | −0.0080% | 4h | 2.6520 | long leg | $41K | $133K | 10x | |
| Phoenix MORPHO | −0.0030% | 1h | 2.6610 | +0.339% | $44K | $423K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6499 | −0.079% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0014% | 1h | 2.6512 | −0.030% | $24K | $1.7M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHO
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni MORPHO | +0.0030% | 4h | 2.6445 | −0.281% | $631K | $926K | — | as long as short |
| Injective MORPHO/USDC PERP | +0.0033% | 1h | 2.6430 | −0.339% | $37 | $242K | 5.5x | as long as short |
| Gate MORPHO_USDT | +0.0042% | 4h | 2.6466 | −0.204% | $763K | $490K | 50x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6534 | +0.054% | $318K | $318K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6474 | −0.174% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6454 | −0.251% | $6.2M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6529 | +0.033% | $58K | $30K | 20x | as long as short |
| Binance MORPHOUSDTshort | +0.0100% | 4h | 2.6413 | −0.405% | $16.0M | $25.1M | 75x | |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6441 | −0.298% | $8.5M | $9.0M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6412 | −0.407% | $3.2M | $4.3M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6432 | −0.332% | $5.5M | $856K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6472 | −0.181% | $596K | $259K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6431 | −0.336% | $2.9M | $1.7M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6453 | −0.253% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6481 | −0.147% | $22K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6431 | −0.335% | $101K | $362K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0187% / S −0.4126% | 1h | 2.6511 | −0.034% | $1K | — | 100x | as long as short |
Variational Omni MORPHO
Injective MORPHO/USDC PERP
Gate MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]