Funding you earn now, next payment 01:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.012%
Price spread now: GRVT against Injective+0.004%7-day average −1.817% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.416%−$142 on $10k
+Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.004%, 7d avg −1.817%
=Together, before fees−1.616%+ Points / potential airdropGRVT: Active · farm board−$162 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 1.821% dearer against Injective than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −1.817%): +$182 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−1.416% in total) that is about 9.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective MORPHO/USDC PERP | 2.6430 | 0.0033 | pay 0.0004% / 1h | 44m 05s | $37 | $242K | 5.5x |
| Short | GRVT MORPHO_USDT_Perp | 2.6431 | −0.0066 | pay 0.0033% / 4h | 3h 44m | $41K | $133K | 10x |
Injective MORPHO/USDC PERP
GRVT MORPHO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Injective. 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
- −$20.86
- Price spread: +0.004% → −1.817%
- $182.12
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $152.24
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; GRVT: live order book, 28 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 Injective no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 28 min ago | 1022.95 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | −0.1837% | 1h | 2.6460 | +0.113% | $80K | $132K | 20x | as long as short |
| 01 Exchange MORPHOUSD | −0.0480% | 1h | 2.6488 | +0.219% | $870 | $13K | 5x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.0467% | 1h | 2.6496 | +0.250% | $11K | $788 | 10x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0280% | 1h | 2.6453 | +0.087% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0242% | 4h | 2.6451 | +0.079% | $628K | $1.0M | — | as long as short |
| Polymarket Perps MORPHO-USD | −0.0186% | 1h | 2.6502 | +0.272% | $28K | $1.7M | 5x | as long as short |
| BloFin MORPHO-USDT | −0.0181% | 4h | 2.6453 | +0.087% | $639K | $228K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0142% | 4h | 2.6480 | +0.189% | $10K | $34K | 10x | as long as short |
| GRVT MORPHO_USDT_Perpshort | −0.0066% | 4h | 2.6431 | +0.004% | $41K | $133K | 10x | |
| Phoenix MORPHO | −0.0030% | 1h | 2.6497 | +0.253% | $43K | $474K | 5x | as long as short |
Kraken Futures PF_MORPHOUSD
01 Exchange MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHO
Polymarket Perps MORPHO-USD
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6495 | +0.247% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERPlong | +0.0033% | 1h | 2.6430 | long leg | $37 | $242K | 5.5x | |
| Gate MORPHO_USDT | +0.0074% | 4h | 2.6495 | +0.246% | $767K | $516K | 50x | as long as short |
| MEXC MORPHO_USDT | +0.0090% | 4h | 2.6485 | +0.208% | $5.5M | $901K | 100x | as long as short |
| Binance MORPHOUSDT | +0.0096% | 4h | 2.6503 | +0.276% | $16.1M | $25.9M | 75x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6565 | +0.511% | $318K | $325K | 5x | as long as short |
| Extended MORPHO-USD | +0.0096% | 1h | 2.6486 | +0.211% | $101K | $405K | 10x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6505 | +0.285% | $5K | $3 | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6508 | +0.294% | $58K | $30K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.6499 | +0.261% | $8.3M | $9.2M | 25x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6537 | +0.405% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6504 | +0.280% | $593K | $266K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6493 | +0.238% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6504 | +0.280% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6490 | +0.227% | $22K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6513 | +0.316% | $1K | — | 100x | as long as short |
| Hyperliquid MORPHO | +0.0338% | 1h | 2.6556 | +0.477% | $6.3M | $7.0M | 5x | as long as short |
Reya MORPHORUSDPERP
Gate MORPHO_USDT
MEXC MORPHO_USDT
Binance MORPHOUSDT
Lighter MORPHO
Extended MORPHO-USD
Paradex MORPHO-USD-PERP
Aster MORPHOUSDT
Bybit MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]
Hyperliquid MORPHO