MORPHO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0664%/8h= +72.7% APRnext payment +$3.32 per $10,000 · paid last 24h +0.042%

Price spread now: KuCoin against GRVT+0.098%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1971.968% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.098%, 7d avg +0.086%

Together, before fees+0.235%+ Points / potential airdropGRVT: Active · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.369% in total (about 19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MORPHO_USDT_Perp	2.6426	−0.0564	get 0.0282% / 4h	1h 12m	$29K	$134K	10x
Short	KuCoin MORPHOUSDTM	2.6452	0.0100	get 0.0050% / 4h	1h 12m	$591K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee KuCoinbpOrdersPrice spread, now +0.098%Rate

Funding earned: $139.44
Price spread: +0.098% → +0.086%: $1.22
Slippage, 4 orders: −$175.81
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.15
Costs to cover: 1.968%
Break-even: 9.8 days

Slippage from GRVT: live order book, 4 min ago; KuCoin: live order book, 60 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, 4 min ago	1.51 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 60 min ago	9.24 bp	89.6 bp −$90	173.1 bp −$1,731	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	−0.1858%	1h	2.6417	−0.035%	$81K	$151K	20x	as long as short
Deribit MORPHO_USDC-PERPETUAL	−0.1375%	1h	2.6416	−0.038%	$11K	$812	10x	as long as short
01 Exchange MORPHOUSD	−0.1168%	1h	2.6350	−0.288%	$866	$13K	5x	as long as short
Polymarket Perps MORPHO-USD	−0.0703%	1h	2.6413	−0.050%	$24K	$1.7M	5x	as long as short
GRVT MORPHO_USDT_Perplong	−0.0564%	4h	2.6426	long leg	$29K	$134K	10x
Bybit MORPHOUSDT	−0.0452%	4h	2.6440	+0.052%	$8.5M	$9.3M	25x	as long as short
Injective MORPHO/USDC PERP	−0.0337%	1h	2.6430	+0.015%	$37	$242K	5.5x	as long as short
Coinbase International MORPHO-PERP-INTX	−0.0312%	1h	2.6469	+0.162%	$76K	$43K	25x	as long as short
BloFin MORPHO-USDT	−0.0207%	4h	2.6438	+0.045%	$639K	$249K	20x	as long as short
Orderly PERP_MORPHO_USDC	−0.0147%	4h	2.6414	−0.046%	$10K	$34K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MORPHO_USDT	−0.0136%	4h	2.6417	−0.035%	$767K	$533K	50x	as long as short
Phoenix MORPHO	−0.0090%	1h	2.6439	+0.049%	$43K	$484K	5x	as long as short
Variational Omni MORPHO	−0.0062%	4h	2.6437	+0.040%	$629K	$1.2M	—	as long as short
Reya MORPHORUSDPERP	−0.0004%	1h	2.6418	−0.032%	$16	—	10x	as long as short
Binance MORPHOUSDT	+0.0031%	4h	2.6419	−0.027%	$16.1M	$25.8M	75x	as long as short
Extended MORPHO-USD	+0.0032%	1h	2.6407	−0.073%	$103K	$301K	10x	as long as short
MEXC MORPHO_USDT	+0.0032%	4h	2.6410	−0.061%	$5.4M	$1.1M	100x	as long as short
Lighter MORPHO	+0.0096%	1h	2.6457	+0.116%	$315K	$334K	5x	as long as short
Paradex MORPHO-USD-PERP	+0.0100%	8h	2.6409	−0.066%	$5K	$3	5x	as long as short
Hyperliquid MORPHO	+0.0100%	1h	2.6484	+0.219%	$6.2M	$7.1M	5x	as long as short
Aster MORPHOUSDT	+0.0100%	4h	2.6419	−0.025%	$58K	$31K	20x	as long as short
OKX MORPHO-USDT-SWAP	+0.0100%	4h	2.6448	+0.083%	$3.2M	$4.4M	20x	as long as short
KuCoin MORPHOUSDTMshort	+0.0100%	4h	2.6452	+0.098%	$591K	$269K	50x
Bitget MORPHOUSDT	+0.0100%	4h	2.6429	+0.011%	$2.9M	$1.9M	75x	as long as short
BingX MORPHO-USDT	+0.0100%	4h	2.6432	+0.022%	—	$1.4M	—	as long as short
SoDEX MORPHO-USD	+0.0100%	1h	2.6424	−0.008%	$22K	$4K	5x	as long as short
GMX MORPHO/USD [ETH-USDC]	L +0.0188% / S −0.3377%	1h	2.6448	+0.083%	$1K	—	100x	as long as short