Morpho (MORPHO) Funding Rate History
Morpho (MORPHO) perpetual futures funding ranges from -4.50 bps on PHOENIX to 3.30 bps on COINBASE INTL across 19 reporting venues, a spread of 7.80 bps. The most extreme rate (-49.27% APY annualized) is on PHOENIX. Currently funding signs are mixed: 13 positive, 6 negative.
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on MORPHO price.
MORPHO Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| PHOENIX | -4.50 bps | -49.27% APY | -3.80 bps | $14.38K |
| ASTER | -3.60 bps | -39.42% APY | -1.70 bps | $91.30K |
| COINBASE INTL | 3.30 bps | 36.13% APY | 3.30 bps | $12.96K |
| GATEIO | -2.20 bps | -24.09% APY | -0.50 bps | $462.08K |
| CRYPTOCOM | -2.20 bps | -24.09% APY | -9.60 bps | $9.01K |
| WOOFIPRO | -2.00 bps | -21.90% APY | -4.00 bps | $25.48K |
| HYPERLIQUID | -1.90 bps | -20.80% APY | 0.30 bps | $1.76M |
| REYA | 1.70 bps | 18.61% APY | 1.70 bps | $0 |
| BINANCE | 1.00 bps | 10.95% APY | 0.80 bps | $11.18M |
| BYBIT | 1.00 bps | 10.95% APY | 0.20 bps | $3.76M |
| OKX | 1.00 bps | 10.95% APY | 0.20 bps | $3.52M |
| BITGET | 1.00 bps | 10.95% APY | 0.20 bps | $2.17M |
| BINGX | 1.00 bps | 10.95% APY | 0.90 bps | $1.58M |
| MEXC | 1.00 bps | 10.95% APY | 0.80 bps | $804.65K |
| PHEMEX | 1.00 bps | 10.95% APY | 1.00 bps | $692.29K |
| KUCOIN | 1.00 bps | 10.95% APY | 0.20 bps | $430.53K |
| VARIATIONAL | 1.00 bps | 10.95% APY | 0.70 bps | $71.56K |
| LIGHTER | 1.00 bps | 10.95% APY | 1.00 bps | $48.85K |
| PARADEX | 1.00 bps | 10.95% APY | 1.00 bps | $0 |
Last updated 2026-07-16T05:51:25Z (UTC).
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Related: MORPHO open interest, MORPHO volume, MORPHO perp market data.