MORPHO Funding Rate
MORPHO perpetual funding on 20 exchanges: the current rate, annualized, what was actually paid and the payment history. Positive means longs pay shorts.
Updated · How we count
MORPHO funding rate on every exchange
| Exchange | Rate per 8 h | Per period | Predicted | By premium | Annual | 1 day · 7 days · 30 days | Next payment | 24h volume | ||
|---|---|---|---|---|---|---|---|---|---|---|
 Bybit4 hbest long | −0.0288% | −0.0144% | — | +0.0016% | −31.5% | −0.0235% | −0.0426% | +0.271% | $1.8M | |
 Deepcoin4 h | −0.0144% | −0.0072% | — | — | −15.8% | −0.0354% | −0.138% | −0.138% | $799.8K | |
 Gate4 h | −0.0094% | −0.0047% | — | +0.0050% | −10.3% | +0.0267% | +0.115% | +0.376% | $393.9K | |
 OKX4 h | −0.0038% | −0.0019% | — | — | −4.2% | −0.0287% | +0.0048% | +0.505% | $2.6M | |
 Kraken1 h | −0.0007% | −0.0001% | +0.0004% | +0.0024% | −0.7% | −0.0535% | −0.480% | −0.973% | $53.4K | |
 MEXC4 h | +0.0096% | +0.0048% | — | −0.0219% | 10.5% | +0.0007% | +0.0863% | +0.679% | $475.5K | |
 Lighter1 h | +0.0096% | +0.0012% | — | — | 10.5% | +0.0288% | +0.200% | +1.118% | $108K | |
 BingX4 h | +0.0100% | +0.0050% | — | +0.0050% | 11.0% | +0.0228% | +0.181% | +0.867% | $1.6M | |
 Bitget4 h | +0.0100% | +0.0050% | — | −0.0324% | 11.0% | +0.0034% | +0.134% | +0.775% | $947.6K | |
 Hyperliquid1 h | +0.0100% | +0.0013% | — | +0.0002% | 11.0% | +0.0300% | +0.210% | +1.116% | $1.6M | |
 KuCoin4 h | +0.0100% | +0.0050% | — | — | 11.0% | +0.0147% | +0.193% | +0.883% | $113K | |
 LBank4 h | +0.0100% | +0.0050% | — | −0.0008% | 11.0% | +0.0003% | +0.0873% | +0.381% | — | |
 Binance4 h | +0.0100% | +0.0050% | — | −0.0270% | 11.0% | +0.0001% | +0.0875% | +0.679% | — | |
 WhiteBIT4 h | +0.0100% | +0.0050% | — | −0.148% | 11.0% | +0.0300% | +0.210% | +0.900% | $5M | |
 WEEX4 h | +0.0100% | +0.0050% | — | −0.0513% | 11.0% | +0.0003% | +0.0867% | +0.680% | $909.2K | |
 Toobit4 h | +0.0100% | +0.0050% | — | −0.0181% | 11.0% | +0.0001% | +0.0874% | +0.680% | $2.3M | |
 WOO X4 h | +0.0100% | +0.0050% | — | −0.0242% | 11.0% | +0.0003% | +0.0870% | +0.674% | — | |
 Extended1 h | +0.0104% | +0.0013% | — | −0.0067% | 11.4% | +0.0088% | +0.0872% | +0.692% | $73.7K | |
 BloFin4 h | +0.0400% | +0.0200% | — | −0.0148% | 43.8% | +0.0767% | +0.464% | +1.180% | $141K | |
 XT4 hbest short | +0.0594% | +0.0297% | — | +0.0050% | 65.0% | +0.0715% | +0.205% | +0.576% | $383.7K | |
What MORPHO funding actually paid
Over 7 days, a MORPHO long paid +0.0932% on average across exchanges (4.7% a year). The most on BloFin (+0.464%), the least on Kraken (−0.480%).
Over 30 days, a MORPHO long paid +0.596% on average across exchanges (6.9% a year). The most on BloFin (+1.180%), the least on Kraken (−0.973%).
MORPHO funding rate history chart
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MORPHO funding arbitrage right now
Among the exchanges that publish a 24h volume, the lowest rate now is on Bybit (−0.0288% per 8 h), the highest on XT (+0.0594%). Long on Bybit and short on XT, price hedged: a difference of 96.6% a year before fees and before the rates move.
Rates only. The price spread between the two perps, fees to enter and exit, book depth and whether the rate holds are in the futures screener →
MORPHO perpetual futures by exchange
WhiteBITMORPHO/USDT:USDT$2.1266$5MOKXMORPHO/USDT:USDT$2.1318$2.6MToobitMORPHO/USDT:USDT$2.1315$2.3MBybitMORPHO/USDT:USDT$2.1329$1.8MHyperliquidMORPHO/USDC:USDC$2.1334$1.6MBingXMORPHO/USDT:USDT$2.1320$1.6MBitgetMORPHO/USDT:USDT$2.1311$947.6KWEEXMORPHO/USDT:USDT$2.1315$909.2KDeepcoinMORPHO/USDT:USDT$2.1315$799.8KMEXCMORPHO/USDT:USDT$2.1313$475.5KGateMORPHO/USDT:USDT$2.1318$393.9KXTMORPHO/USDT:USDT$2.1329$383.7KBloFinMORPHO/USDT:USDT$2.1314$141KKuCoinMORPHO/USDT:USDT$2.1308$113KLighterMORPHO/USDC:USDC$2.1324$108KExtendedMORPHO/USDC:USDC$2.1300$73.7KKrakenMORPHO/USD:USD$2.1301$53.4KLBankMORPHO/USDT:USDT—BinanceMORPHO/USDT:USDT$2.1311—WOO XMORPHO/USDT:USDT$2.1321—FAQ
- What is the MORPHO funding rate?
A periodic payment between long and short holders of MORPHO perpetual futures that keeps the contract price near spot. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Right now it ranges from −0.0288% to 0.0594% per 8 hours across 20 exchanges.
- How often is MORPHO funding paid?
Every 8 hours on most exchanges, every 1–4 hours on some (Hyperliquid pays hourly). The table shows each exchange's interval and the time to the next payment.
- Why is the MORPHO funding rate different on each exchange?
Each exchange computes it from its own premium of perpetual over index price and its own interval and caps. The difference is what funding arbitrage earns: short where funding is highest, long where it is lowest.
- Does a high APR mean high profit?
No. APR extrapolates the current rate over a year, and rates change every period. Compare it with what was actually paid over 7 and 30 days in the table above.