MORPHO

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowMORPHO-USDC	2.0074	+0.0017	pay 0.0002% / 1h	56m 21s	$186K	$145K	25x	Long TxFlow5% off
SHORT	GRVTMORPHO_USDT_Perp	2.0089	+0.0100	get 0.0050% / 4h	1h 56m	$22K	$119K	10x	Short GRVT

Price gap+0.076%60s

Funding gap+0.0083% /8h

Funding pays +$2 a day on $10k, but the gap is 0.035% under its 7d average: −$3 if it goes back, about 33 hours of funding. At the last 7 days' pace that is about 10 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$60+0.0083% /8h now · paid +0.602% over the last 7D

Price—spread +0.076%60s now · prices read too far apart to compare

Costs−$910.913% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropTxFlow: points · GRVT: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.076%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

MORPHO on 25 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size17.0 / 33.2 bp
At $10k entering GRVT costs 33.2 bp, fee and slippage, 2.0× TxFlow’s.
Note: Margin at max leverage$400 + $1,000
TxFlow 25x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$2.49Long TxFlow: 24 payments, −$0.51; short GRVT: 6 payments, +$3.00.
Watch: Prices read 60 s apart+0.076% vs +0.110%
Part of this gap may be the market moving.
Watch: Short leg is thinner$22K vs $186K OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points · GRVT points
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · GRVT No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0287%/8h × 21 periods+$60.20

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$73.32

Fee TxFlow bp × 2 orders−$9.00

Fee GRVT bp × 2 orders−$9.00

Net · 7 days · $10k−$31.13

price spread not counted: prices read too far apart

Costs to cover0.913%Break-even10.6 days

Slippage: TxFlow: live order book, 48 min ago; GRVT: live order book, 50 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow2.9617.0 bp−$1759.7 bp−$597doesn’t fitdoesn’t fit

SELL · SHORTGRVT1.4833.2 bp−$33doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

MORPHO news

posts that mention MORPHO, from every exchangeSearch all news →

09-18 10:04	Deribit	Listing	🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗
09-17 15:30	Deribit	Listing	🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗