MORPHO funding rates by exchange
The current funding rate for every MORPHO perpetual we track, venue by venue, with 7-day and 30-day accumulated funding and the annualised rate. A positive rate means longs pay shorts.
- Exchanges
- 16
- Venue spread
- 0.032%
- Pays most
- Phemex
- 24h volume
- $16.3M
Right now Phemex pays +0.01% per settlement and Bitget pays -0.022% — that gap is what a funding-arbitrage position captures.
Right now 11 of the 16 MORPHO contracts carry a positive rate and the rest are negative. The sign itself differs by venue, which is the cleanest setup for a funding trade: collect on one leg instead of merely paying less on it.
Over the last 30 days the most MORPHO funding accumulated on Phemex, at +0.82% — worth checking against the current rate, because the leader on accumulated funding is often not the leader today.
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| Exchange | Contract | Current rate | APR | 7d sum | 30d sum | 24h volume |
|---|---|---|---|---|---|---|
 Phemex |
MORPHO-USDT | +0.01% | +7.1% | +0.21% | +0.82% | $0K |
 Toobit |
MORPHO-USDT | +0.0051% | +7.2% | -0.06% | -0.08% | $2.2M |
 BingX |
MORPHO-USDT | +0.005% | +7.3% | -0.16% | -0.10% | $1.3M |
 MEXC |
MORPHO-USDT | +0.005% | +8.0% | -0.16% | -0.34% | $282K |
 Binance |
MORPHO-USDT | +0.005% | +7.3% | -0.16% | -0.35% | $5.6M |
 Gate.io |
MORPHO-USDT | +0.005% | +7.3% | -0.04% | -0.74% | $73K |
 WEEX |
MORPHO-USDT | +0.005% | +7.1% | -0.16% | -0.35% | $1.6M |
 BloFin |
MORPHO-USDT | +0.005% | +7.0% | -0.16% | -0.33% | $65K |
 OKX |
MORPHO-USDT | +0.003% | +2.9% | -0.31% | -1.28% | $1.2M |
 Hyperliquid |
MORPHO-USDT | +0.0013% | +7.7% | -0.28% | -1.16% | $1.9M |
 Lighter |
MORPHO-USDT | +0.0005% | +1.9% | -0.24% | -0.09% | $41K |
 KuCoin |
MORPHO-USDT | -0.0017% | -7.6% | -0.32% | -0.56% | $46K |
 Aster |
MORPHO-USDT | -0.01% | -91.0% | -0.73% | -3.81% | $13K |
 Kraken |
MORPHO-USDT | -0.0163% | -146.1% | -0.50% | -3.14% | $6K |
 Bybit |
MORPHO-USDT | -0.0206% | -48.9% | -0.41% | -1.51% | $1.2M |
 Bitget |
MORPHO-USDT | -0.022% | -52.1% | -0.24% | -0.43% | $720K |
Rates come straight from exchange data and change at every settlement; APR annualises the current rate at the contract's own funding interval. Market data, not investment advice.
Other coins
Funding rates by coin →
PARTI
PI
INX
XNY
ZEN
OPEN
APE
B
PENDLE
BILL
SUSHI
AIXBTFrequently asked questions
What is the MORPHO funding rate right now?
MORPHO funding currently ranges from +0.01% on Phemex down to -0.022% on Bitget per settlement — the table above lists every venue. A positive rate means long positions pay short positions at the next settlement; a negative rate means the reverse.
Which exchange pays the highest MORPHO funding?
At the moment Phemex shows the highest MORPHO funding rate. This changes at every settlement, so trust the live ranking above rather than any fixed answer.
How do you trade the MORPHO funding difference?
You hold offsetting positions on two venues — long where funding is negative, short where it is positive — so price exposure cancels out and you collect the difference at each settlement. On MORPHO that difference is currently 0.032% per settlement, before the trading fees on both legs.
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