Funding you earn now, next payment 08:00 UTC+15.6796%/8h= +17169.2% APRnext payment +$196.00 per $10,000 · paid last 24h +17.648%
Price spread now: GMX against Injective−1.997%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. GMX is 1.997% cheaper against Injective than usual: you would sell low and buy high (spread −1.997% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$200 on $10k: about 1 hour of funding at the current rate (+$4,704 a day). The two prices were read 57 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 | Injective MORPHO/USDC PERP | 2.6430 | 0.0033 | pay 0.0004% / 1h | 39m 46s | $37 | $242K | 5.5x |
| Short | GMX MORPHO/USD [ETH-USDC] | 2.5902 | L +0.0186% / S −15.6829% | get 1.9604% / 1h | 39m 46s | $1K | — | 100x |
Injective MORPHO/USDC PERP
GMX MORPHO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $32,927.17
- Price spread: −1.997% → 0.000%
- −$199.67
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $32,715.48
- Costs to cover
- 0.120%
- Break-even
- 0.0 days
Slippage unknown: Injective: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample | — | — | — | — | — |
Injective and GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit MORPHO_USDC-PERPETUAL | −0.1756% | 1h | 2.5873 | −2.107% | $11K | $3K | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.1472% | 1h | 2.5794 | −2.406% | $848 | $9K | 5x | as long as short |
| Kraken Futures PF_MORPHOUSD | −0.1234% | 1h | 2.5839 | −2.235% | $84K | $133K | 20x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0598% | 4h | 2.5896 | −2.020% | $30K | $134K | 10x | as long as short |
| Bybit MORPHOUSDT | −0.0520% | 4h | 2.5876 | −2.096% | $7.9M | $8.7M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0496% | 1h | 2.5883 | −2.070% | $71K | $36K | 25x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0396% | 1h | 2.5882 | −2.073% | $24K | $1.4M | 5x | as long as short |
| Variational Omni MORPHO | −0.0281% | 4h | 2.5910 | −1.968% | $617K | $676K | — | as long as short |
| Orderly PERP_MORPHO_USDC | −0.0185% | 4h | 2.5872 | −2.111% | $10K | $34K | 10x | as long as short |
| Phoenix MORPHO | −0.0185% | 1h | 2.5911 | −1.964% | $33K | $336K | 5x | as long as short |
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Kraken Futures PF_MORPHOUSD
GRVT MORPHO_USDT_Perp
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Polymarket Perps MORPHO-USD
Variational Omni MORPHO
Orderly PERP_MORPHO_USDC
Phoenix MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MORPHO-USDT | −0.0128% | 4h | 2.5887 | −2.054% | $632K | $239K | 20x | as long as short |
| Gate MORPHO_USDT | −0.0076% | 4h | 2.5894 | −2.028% | $758K | $503K | 50x | as long as short |
| Binance MORPHOUSDT | −0.0035% | 4h | 2.5853 | −2.183% | $15.6M | $24.5M | 75x | as long as short |
| Extended MORPHO-USD | −0.0032% | 1h | 2.5868 | −2.126% | $99K | $342K | 10x | as long as short |
| MEXC MORPHO_USDT | −0.0032% | 4h | 2.5875 | −2.100% | $6.3M | $903K | 100x | as long as short |
| Reya MORPHORUSDPERP | −0.0005% | 1h | 2.5869 | −2.123% | $16 | — | 10x | as long as short |
| Injective MORPHO/USDC PERPlong | +0.0033% | 1h | 2.6430 | long leg | $37 | $242K | 5.5x | |
| Lighter MORPHO | +0.0096% | 1h | 2.5878 | −2.090% | $311K | $287K | 5x | as long as short |
| Paradex MORPHO-USD-PERP | +0.0100% | 8h | 2.5864 | −2.143% | $5K | $3 | 5x | as long as short |
| Hyperliquid MORPHO | +0.0100% | 1h | 2.5896 | −2.019% | $5.9M | $7.0M | 5x | as long as short |
| Aster MORPHOUSDT | +0.0100% | 4h | 2.5924 | −1.916% | $55K | $45K | 20x | as long as short |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.5863 | −2.145% | $3.2M | $4.2M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.5890 | −2.043% | $590K | $264K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.5854 | −2.179% | $2.8M | $1.6M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.5855 | −2.176% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.5868 | −2.126% | $21K | $4K | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC]short | L +0.0186% / S −15.6829% | 1h | 2.5902 | −1.997% | $1K | — | 100x |
BloFin MORPHO-USDT
Gate MORPHO_USDT
Binance MORPHOUSDT
Extended MORPHO-USD
MEXC MORPHO_USDT
Reya MORPHORUSDPERP
Lighter MORPHO
Paradex MORPHO-USD-PERP
Hyperliquid MORPHO
Aster MORPHOUSDT
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD