Funding you earn now, next payment 08:00 UTC−0.0514%/8h= −56.3% APRnext payment −$2.57 per $10,000 · paid last 24h −0.075%
Price spread now: GRVT against OKX−0.114%7-day average −0.081% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.382%−$38 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.114%, 7d avg −0.081%
=Together, before fees−0.441%+ Points / potential airdropGRVT: Active · farm board−$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GRVT is 0.033% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.081%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX MORPHO-USDT-SWAP | 2.5854 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $3.2M | $4.0M | 20x |
| Short | GRVT MORPHO_USDT_Perp | 2.5825 | −0.0414 | pay 0.0207% / 4h | 2h 39m | $32K | $134K | 10x |
OKX MORPHO-USDT-SWAP
GRVT MORPHO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against OKX. 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
- −$107.94
- Price spread: −0.114% → −0.081%
- −$3.32
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$130.26
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 3 min ago; GRVT: live order book, 8 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 OKX live order book, 3 min ago | 2.12 bp | 17.8 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 8 min ago | 1.35 bp | 8.9 bp −$9 | doesn't fit | 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 | −0.1565% | 1h | 2.5794 | −0.233% | $81K | $129K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1180% | 1h | 2.5830 | −0.093% | $11K | $2K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0912% | 1h | 2.5761 | −0.360% | $847 | $9K | 5x | as long as short |
| GRVT MORPHO_USDT_Perpshort | −0.0414% | 4h | 2.5825 | −0.114% | $32K | $134K | 10x | |
| Coinbase International MORPHO-PERP-INTX | −0.0216% | 1h | 2.5841 | −0.050% | $73K | $39K | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0176% | 4h | 2.5829 | −0.097% | $636K | $243K | 20x | as long as short |
| Phoenix MORPHO | −0.0154% | 1h | 2.5870 | +0.062% | $33K | $330K | 5x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0132% | 4h | 2.5831 | −0.089% | $10K | $34K | 10x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5825 | −0.113% | $15 | — | 10x | as long as short |
| Polymarket Perps MORPHO-USD | +0.0004% | 1h | 2.5829 | −0.097% | $25K | $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 | +2.228% | $37 | $242K | 5.5x | as long as short |
| Extended MORPHO-USD | +0.0080% | 1h | 2.5826 | −0.107% | $104K | $348K | 10x | as long as short |
| Binance MORPHOUSDT | +0.0084% | 4h | 2.5833 | −0.081% | $15.6M | $24.0M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0084% | 4h | 2.5810 | −0.170% | $5.9M | $874K | 100x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.5849 | −0.018% | $311K | $295K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5800 | −0.210% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5855 | +0.004% | $5.9M | $6.7M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5829 | −0.097% | $57K | $31K | 20x | as long as short |
| Bybit MORPHOUSDT | +0.0100% | 4h | 2.5850 | −0.015% | $8.0M | $8.5M | 25x | as long as short |
| OKX MORPHO-USDT-SWAPlong | +0.0100% | 4h | 2.5854 | long leg | $3.2M | $4.0M | 20x | |
| Gate MORPHO_USDT | +0.0100% | 4h | 2.5821 | −0.128% | $767K | $483K | 50x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5851 | −0.012% | $593K | $247K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5831 | −0.089% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5829 | −0.097% | — | $1.4M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.5841 | −0.050% | $615K | $677K | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5832 | −0.085% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0162% / S +0.0035% | 1h | 2.5856 | +0.009% | $6K | — | 100x | as long as short |
Injective MORPHO/USDC PERP
Extended MORPHO-USD
Binance MORPHOUSDT
MEXC MORPHO_USDT
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Bybit MORPHOUSDT
Gate MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
GMX MORPHO/USD [ETH-USDC]