Funding you earn now, next payment 08:00 UTC+0.0314%/8h= +34.4% APRnext payment +$1.57 per $10,000 · paid last 24h −0.015%
Price spread now: BloFin against GRVT+0.043%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days+0.734%+$73 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.043%, 7d avg +0.053%
=Together, before fees+0.736%+ Points / potential airdropGRVT: Active · farm board+$74 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT MORPHO_USDT_Perp | 2.5958 | −0.0514 | get 0.0257% / 4h | 3h 13m | $34K | $140K | 10x |
| Short | BloFin MORPHO-USDT | 2.5969 | −0.0200 | pay 0.0100% / 4h | 3h 13m | $635K | $240K | 20x |
GRVT MORPHO_USDT_Perp
BloFin MORPHO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $65.94
- Price spread: +0.043% → +0.053%
- −$1.01
- Slippage, 4 orders
- −$52.95
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$9.02
- Costs to cover
- 0.739%
- Break-even
- 8.0 days
Slippage from GRVT: live order book, 39 min ago; BloFin: live order book, 18 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, 39 min ago | 1.72 bp | 17.4 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 18 min ago | 4.80 bp | 15.7 bp −$16 | 33.3 bp −$333 | 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 | −0.2173% | 1h | 2.5978 | +0.076% | $81K | $124K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1595% | 1h | 2.5972 | +0.054% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0960% | 1h | 2.5920 | −0.146% | $852 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perplong | −0.0514% | 4h | 2.5958 | long leg | $34K | $140K | 10x | |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5993 | +0.135% | $74K | $41K | 25x | as long as short |
| BloFin MORPHO-USDTshort | −0.0200% | 4h | 2.5969 | +0.043% | $635K | $240K | 20x | |
| Polymarket Perps MORPHO-USD | −0.0154% | 1h | 2.5991 | +0.127% | $24K | $1.5M | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0133% | 4h | 2.5979 | +0.081% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0061% | 1h | 2.6016 | +0.224% | $43K | $337K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5982 | +0.093% | $16 | — | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
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 | +1.819% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | +0.0047% | 4h | 2.5980 | +0.085% | $8.0M | $8.5M | 25x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6003 | +0.174% | $312K | $293K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5982 | +0.093% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6034 | +0.293% | $6.0M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5995 | +0.142% | $57K | $30K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.5966 | +0.032% | $15.7M | $23.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6000 | +0.162% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5997 | +0.150% | $767K | $477K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.5969 | +0.043% | $6.0M | $840K | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5996 | +0.147% | $597K | $248K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5985 | +0.104% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5988 | +0.116% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5980 | +0.087% | $619K | $675K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5983 | +0.097% | $21K | $4K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.5964 | +0.025% | $100K | $346K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0186% / S −15.6829% | 1h | 2.6008 | +0.194% | $1K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
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
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]