MORPHO funding rate

Live Morpho perpetual funding on every connected exchange. Positive funding means longs pay shorts.

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Highest (24h)+0.108%Hyperliquid

Lowest (24h)+0.030%Variational

Average (24h)+0.039%across 9 venues

Funding gap (24h)+0.078%short the highest, long the lowest

ExchangeFundingIntervalNext in24hAPRMarkvs indexVolume

HyperliquidPerp DEX · MORPHO+0.0045%1h00:54:30+0.108%+39.4%$2.75+0.140%$1.87M

BinanceCEX · MORPHOUSDT+0.0050%4h—+0.030%+10.9%$2.74-0.061%—

BybitCEX · MORPHOUSDT+0.0050%4h—+0.030%+10.9%$2.74+0.004%$3.61M

BitgetCEX · MORPHOUSDT+0.0050%4h—+0.030%+10.9%$2.74+0.004%$994.3K

MEXCCEX · MORPHO_USDT+0.0050%4h01:54:30+0.030%+10.9%$2.74-0.087%$708.4K

OKXCEX · MORPHO-USDT-SWAP+0.0050%4h01:54:30+0.030%+10.9%$2.74—$1.81M

KuCoinCEX · MORPHOUSDTM+0.0050%4h01:54:30+0.030%+10.9%$2.74-0.073%$80.8K

AsterPerp DEX · MORPHOUSDT+0.0050%4h—+0.030%+10.9%$2.74-0.087%—

VariationalCEX · MORPHO+0.0050%4h—+0.030%+10.9%$2.75—$102.3K

MORPHO funding rate explained

Right now Morpho (MORPHO) perpetual futures trade on 9 exchanges we track. The highest funding is on Hyperliquid at +0.108% per day, the lowest on Variational at +0.030%. The average across all venues is +0.039% per day, or about +14.1% a year. Positive funding means MORPHO longs are paying shorts — the market is leaning long.

The gap between the highest and lowest venue is +0.078% per day. A delta-neutral position that shorts MORPHO on Hyperliquid and goes long on Variational would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live MORPHO arbitrage board for the price side of the trade.

Settlement intervals differ: MORPHO funding is paid every 1 hour and 4 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.

What is the MORPHO funding rate today?

The average MORPHO funding rate across 9 exchanges is +0.039% per 24 hours. It ranges from +0.030% on Variational to +0.108% on Hyperliquid. Rates update every few seconds on this page.

Which exchange has the highest MORPHO funding rate?

Hyperliquid currently has the highest MORPHO funding at +0.108% per day, and Variational the lowest at +0.030%.

How often is MORPHO funding paid?

MORPHO perpetuals settle funding every 1 hour and 4 hours, depending on the exchange. The table shows each venue's interval and a countdown to the next payment.

Is MORPHO funding positive or negative?

On average it is positive (+0.039% per day): longs pay shorts.