Morpho (MORPHO) — Funding Rates
Perpetual futures funding rates across exchanges
Morpho (MORPHO) perpetual futures currently show funding across 18 markets, averaging 0.0291% per interval. The highest rate is 0.5000%.
A positive rate means longs pay shorts — a signal of crowded long positioning; a negative rate means shorts pay longs. Use this page to compare funding across venues and spot markets where the annualized rate is attractive.
Markets with Funding
18
Highest Rate
0.5000%
Lowest Rate
-0.0398%
Total Perp Markets
18
Current Funding Rates
| Exchange | Pair | Funding Rate | Annualized APR | Interval | Price | Volume (24h) |
|---|---|---|---|---|---|---|
| Binance | MORPHO/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 PM | $2.06 | $22.73M |
| Deepcoin | MORPHO/USDT | +0.0000% | +0.0% | 8000h | $2.06 | $9.81M |
| Whitebit | MORPHO/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 PM | $2.05 | $9.41M |
| Bybit | MORPHO/USDT | -0.0310% | -0.0% | 8000h · 12:00:00 PM | $2.06 | $7.43M |
| OKX | MORPHO/USDT | +0.0050% | +0.0% | 8000h · 4:00:00 PM | $2.06 | $3.32M |
| Gate | MORPHO/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 AM | $2.06 | $1.48M |
| Bingx | MORPHO/USDT | +0.0050% | +0.0% | 4000h · 12:00:00 PM | $2.06 | $1.47M |
| Bitget | MORPHO/USDT | +0.0050% | +0.0% | 4000h · 12:00:00 PM | $2.06 | $1.42M |
| Bitunix | MORPHO/USDT | +0.0000% | +0.0% | 8000h · 12:00:00 PM | $2.06 | $912.19K |
| MEXC | MORPHO/USDT | +0.0050% | +0.0% | 4000h · 12:00:00 PM | $2.06 | $816.22K |
| Hyperliquid | MORPHO/USDC | +0.0013% | +0.0% | 1000h · 9:00:00 AM | $2.07 | $784.79K |
| Xt | MORPHO/USDT | -0.0398% | -0.0% | 8000h | $2.06 | $645.83K |
| Lighter | MORPHO/USDC | +0.0096% | +0.1% | 1000h · 10:40:43 AM | $2.06 | $438.83K |
| Kucoin | MORPHO/USDT | +0.0050% | +0.0% | 8000h · 12:00:00 PM | $2.06 | $220.95K |
| Deribit | MORPHO/USDC | +0.0195% | +0.0% | 8000h | $2.06 | $191.51K |
| Grvt | MORPHO/USDT | +0.5000% | +0.5% | 8000h | $2.06 | $132.57K |
| Blofin | MORPHO/USDT | +0.0200% | +0.0% | 8000h · 8:00:00 PM | $2.54 | $78.27K |
| Aster | MORPHO/USDT | +0.0050% | +0.0% | 1000h · 12:00:00 PM | $2.06 | $76.94K |
Morpho Funding Rate FAQ
What is the MORPHO funding rate?expand_more
The funding rate is a periodic payment between longs and shorts on perpetual futures markets. A positive rate means longs pay shorts; a negative rate means shorts pay longs. It keeps the perpetual price anchored to spot.
Why is the funding rate positive or negative?expand_more
When most traders are long, funding turns positive to encourage shorts; when the crowd is short, funding turns negative to encourage longs. Extreme values often signal crowded positioning and potential reversals.
How is APR calculated from the funding rate?expand_more
APR annualizes the rate using the funding interval: rate × (24h / interval hours) × 365. For example, a 0.01% rate paid every 8 hours annualizes to roughly 10.95%.
When is funding paid on MORPHO perpetuals?expand_more
Most exchanges settle funding every 8 hours (00:00, 08:00, 16:00 UTC), though some venues use 4-hour or 1-hour intervals. The exact next settlement time is shown next to each market on this page.
What is considered a high funding rate?expand_more
Sustained funding above 0.05-0.1% per interval is elevated and indicates strong directional crowding. Funding arbitrage traders typically look for markets where the annualized rate exceeds holding costs.
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