Funding you earn now, next payment 22:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.008%
Price spread now: GRVT against Polymarket Perps−0.179%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.179%, 7d avg −0.098%
=Together, before fees−0.082%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.080% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.179% now, against its 7-day average of −0.098%). If the spread goes back, that is −$8 on $10k: about 15 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps MORPHO-USD | 2.6499 | −0.0568 | get 0.0071% / 1h | 40m 52s | $26K | $1.9M | 5x |
| Short | GRVT MORPHO_USDT_Perp | 2.6452 | −0.0550 | pay 0.0275% / 4h | 2h 40m | $29K | $162K | 10x |
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Polymarket Perps. 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
- $3.86
- Price spread: −0.179% → −0.098%
- −$8.02
- Slippage, 4 orders
- −$45.94
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$67.09
- Costs to cover
- 0.629%
- Break-even
- 128.5 days
Slippage from Polymarket Perps: live order book, 3 min ago; GRVT: live order book, 45 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 Polymarket Perps live order book, 3 min ago | 2.64 bp | 7.4 bp −$7 | 7.8 bp −$78 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 45 min ago | 1.49 bp | 13.4 bp −$13 | 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 | −0.2058% | 1h | 2.6488 | −0.043% | $83K | $148K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1144% | 1h | 2.6506 | +0.026% | $11K | $911 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1064% | 1h | 2.6474 | −0.094% | $870 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USDlong | −0.0568% | 1h | 2.6499 | long leg | $26K | $1.9M | 5x | |
| GRVT MORPHO_USDT_Perpshort | −0.0550% | 4h | 2.6452 | −0.179% | $29K | $162K | 10x | |
| Injective MORPHO/USDC PERP | −0.0385% | 1h | 2.6460 | −0.147% | $37 | $161K | 5.5x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0296% | 1h | 2.6527 | +0.106% | $76K | $46K | 25x | as long as short |
| Bybit MORPHOUSDT | −0.0202% | 4h | 2.6515 | +0.060% | $8.6M | $10.1M | 25x | as long as short |
| BloFin MORPHO-USDT | −0.0200% | 4h | 2.6503 | +0.015% | $652K | $221K | 20x | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0183% | 4h | 2.6505 | +0.023% | $10K | $34K | 10x | as long as short |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Injective MORPHO/USDC PERP
Coinbase International MORPHO-PERP-INTX
Bybit MORPHOUSDT
BloFin MORPHO-USDT
Orderly PERP_MORPHO_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MORPHO_USDT | −0.0148% | 4h | 2.6509 | +0.038% | $760K | $523K | 50x | as long as short |
| Phoenix MORPHO | −0.0030% | 1h | 2.6479 | −0.075% | $34K | $493K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6506 | +0.028% | $16 | — | 10x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6580 | +0.305% | $317K | $336K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.6507 | +0.029% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.6552 | +0.198% | $6.2M | $7.2M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.6535 | +0.135% | $58K | $33K | 20x | as long as short |
| Binance MORPHOUSDT | +0.0100% | 4h | 2.6491 | −0.028% | $16.2M | $26.9M | 75x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6517 | +0.068% | $3.2M | $4.5M | 20x | as long as short |
| MEXC MORPHO_USDT | +0.0100% | 4h | 2.6490 | −0.034% | $5.3M | $1.2M | 100x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6530 | +0.117% | $622K | $271K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6524 | +0.094% | $2.9M | $2.0M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6524 | +0.094% | — | $1.5M | — | as long as short |
| Variational Omni MORPHO | +0.0100% | 4h | 2.6515 | +0.061% | $643K | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6500 | +0.004% | $22K | $3K | 5x | as long as short |
| Extended MORPHO-USD | +0.0104% | 1h | 2.6491 | −0.029% | $103K | $301K | 10x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0188% / S −12.8197% | 1h | 2.6526 | +0.104% | $1K | — | 100x | as long as short |
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
Binance MORPHOUSDT
OKX MORPHO-USDT-SWAP
MEXC MORPHO_USDT
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
Variational Omni MORPHO
SoDEX MORPHO-USD
Extended MORPHO-USD
GMX MORPHO/USD [ETH-USDC]