Funding you earn now, next payment 08:00 UTC+0.0480%/8h= +52.6% APRnext payment +$2.40 per $10,000 · paid last 24h +0.073%
Price spread now: MEXC against GRVT−0.259%52s7-day average +0.037% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.374%+$37 on $10k
+Price spread, last 4 days (all we have)+0.363%+$36 · spread now −0.259%, 7d avg +0.037%
=Together, before fees+0.737%+ Points / potential airdropGRVT: Active · farm board+$74 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.297% cheaper against GRVT than usual: you would sell low and buy high (spread −0.259% now, against its 7-day average of +0.037%). If the spread goes back, that is −$30 on $10k: about 2.1 days of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.374% in total) that is about 5.6 days. The two prices were read 52 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 | 2.5911 | −0.0388 | get 0.0194% / 4h | 2h 42m | $33K | $134K | 10x |
| Short | MEXC MORPHO_USDT | 2.5844 | 0.0092 | get 0.0046% / 4h | 2h 42m | $6.0M | $829K | 100x |
GRVT MORPHO_USDT_Perp
MEXC MORPHO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $100.8
- Price spread: −0.259% → +0.037%
- −$29.68
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $58.12
- Costs to cover
- 0.130%
- Break-even
- 3.0 days
Slippage unknown: GRVT: live order book, 4 min ago; MEXC: live order book, 5 min ago. 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, 4 min ago | 1.35 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 0.19 bp | 6.1 bp −$6 | 40.1 bp −$401 | 206.0 bp −$20.6K | 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 | −0.1559% | 1h | 2.5898 | −0.050% | $80K | $127K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1369% | 1h | 2.5898 | −0.051% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0880% | 1h | 2.5855 | −0.217% | $850 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perplong | −0.0388% | 4h | 2.5911 | long leg | $33K | $134K | 10x | |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5930 | +0.072% | $74K | $41K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0187% | 4h | 2.5888 | −0.090% | $634K | $244K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5963 | +0.200% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0132% | 4h | 2.5903 | −0.032% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5912 | +0.002% | $16 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0021% | 1h | 2.5922 | +0.042% | $34K | $1.5M | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
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 | +2.002% | $37 | $242K | 5.5x | as long as short |
| Binance MORPHOUSDT | +0.0088% | 4h | 2.5835 | −0.295% | $15.6M | $24.0M | 75x | as long as short |
| MEXC MORPHO_USDTshort | +0.0092% | 4h | 2.5844 | −0.259% | $6.0M | $829K | 100x | |
| Lighter MORPHO | +0.0096% | 1h | 2.5908 | −0.011% | $312K | $294K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.5858 | −0.204% | $104K | $348K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5834 | −0.298% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5899 | −0.047% | $5.9M | $6.8M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5889 | −0.088% | $57K | $30K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5853 | −0.225% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5859 | −0.202% | $3.2M | $4.0M | 20x | as long as short |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5878 | −0.128% | $768K | $482K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5890 | −0.082% | $594K | $247K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5886 | −0.097% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5891 | −0.078% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5930 | +0.074% | $617K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5905 | −0.024% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0165% / S −0.0005% | 1h | 2.5930 | +0.071% | $5K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Binance MORPHOUSDT
Lighter MORPHO
Extended MORPHO-USD
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]