Funding you earn now, next payment 06:00 UTC−0.0915%/8h= −100.2% APRpaid last 24h −0.214%
Price spread now: Deribit against GRVT−0.053%75s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Deribit is 0.053% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 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 | GRVT MORPHO_USDT_Perp | 2.5929 | −0.0376 | get 0.0188% / 4h | 2h 43m | $33K | $134K | 10x |
| Short | Deribit MORPHO_USDC-PERPETUAL | 2.5915 | −0.1291 | pay 0.0161% / 1h | 43m 47s | $11K | $2K | 10x |
GRVT MORPHO_USDT_Perp
Deribit MORPHO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$192.18
- Price spread: −0.053% → 0.000%
- −$5.28
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$213.45
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 3 min ago; Deribit: no order-book sample. Net counts fees only.
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, 3 min ago | 1.35 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1557% | 1h | 2.5922 | −0.025% | $80K | $127K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUALshort | −0.1291% | 1h | 2.5915 | −0.053% | $11K | $2K | 10x | |
| 01 Exchange MORPHOUSD | −0.0872% | 1h | 2.5858 | −0.273% | $850 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perplong | −0.0376% | 4h | 2.5929 | long leg | $33K | $134K | 10x | |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5936 | +0.028% | $74K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0195% | 4h | 2.5911 | −0.068% | $635K | $244K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5963 | +0.132% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0131% | 4h | 2.5915 | −0.053% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5913 | −0.060% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0022% | 1h | 2.5926 | −0.010% | $36K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Coinbase International MORPHO-PERP-INTX
BloFin MORPHO-USDT
Phoenix MORPHO
Orderly PERP_MORPHO_USDC
Reya MORPHORUSDPERP
Polymarket Perps MORPHO-USDShow 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 | +1.933% | $37 | $242K | 5.5x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5955 | +0.101% | $312K | $294K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.5901 | −0.105% | $104K | $348K | 10x | as long as short |
| MEXC MORPHO_USDT | +0.0096% | 4h | 2.5906 | −0.087% | $6.0M | $829K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0097% | 4h | 2.5904 | −0.095% | $15.7M | $24.1M | 75x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5913 | −0.060% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5962 | +0.128% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5952 | +0.091% | $57K | $30K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5930 | +0.005% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5938 | +0.036% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5929 | +0.001% | $770K | $482K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5956 | +0.105% | $596K | $247K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5908 | −0.080% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5923 | −0.022% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5930 | +0.007% | $617K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5916 | −0.049% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0165% / S −0.0005% | 1h | 2.5945 | +0.063% | $5K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Lighter MORPHO
Extended MORPHO-USD
MEXC MORPHO_USDT
Binance MORPHOUSDT
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]