MORPHO funding rates
MORPHO perpetual funding across 12 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 23.9%long Aster, short Hyperliquid · net 19.5%
- Highest funding now
- 11.4%ExExtended
- Lowest funding now
- −22.5%PmPolymarket
- Listed on
- 12 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ExExtended | MORPHO-USD | 11.4% | 11.4% | 9.0% | 9.6% | 8.6% | 91% | 1h | 04:00 | 2.46 | $188k | $665k | ExExtended | ||
| HyHyperliquid | MORPHO | 10.9% | 10.9% | 14.5% | 15.8% | 15.1% | 100% | 1h | — | 2.47 | $7.9M | $664k | HyHyperliquid | ||
| GrGRVT | MORPHO_USDT_Perp | 10.9% | 6.7% | −5.7% | −9.6% | −7.8% | 38% | 4h | 04:00 | 2.46 | $29k | $131k | GrGRVT | ||
| BnBinanceCEX | MORPHOUSDT | 10.9% | 10.9% | 8.8% | 9.1% | 8.5% | 93% | 4h | 04:00 | 2.47 | $14.4M | $6.8M | BnBinance | ||
| ByBybitCEX | MORPHOUSDT | 10.9% | 8.1% | 7.1% | 5.7% | 6.9% | 88% | 4h | 04:00 | 2.47 | $7.0M | $2.2M | ByBybit | ||
| BgBitgetCEX | MORPHOUSDT | 10.9% | 10.9% | 10.9% | 10.3% | 10.9% | 100% | 4h | 04:00 | 2.46 | $2.7M | $491k | BgBitget | ||
| MxMEXCCEX | MORPHO_USDT | 10.9% | 10.9% | 8.8% | 9.2% | 8.5% | 90% | 4h | 04:00 | 2.46 | $8.0M | $439k | MxMEXC | ||
| VaVariational | MORPHO | 10.9% | 10.9% | 10.5% | 9.5% | 10.4% | 98% | 4h | — | 2.46 | $319k | $176k | VaVariational | ||
| LiLighter | MORPHO | 10.5% | 10.5% | 14.4% | 14.8% | 15.1% | 100% | 1h | 04:00 | 2.47 | $432k | $86k | LiLighter | ||
| AsAster | MORPHOUSDT | 8.1% | 8.4% | −9.4% | 2.3% | −12.3% | 36% | 4h | 04:00 | 2.47 | $72k | $30k | AsAster | ||
| GtGateCEX | MORPHO_USDT | 5.9% | 6.1% | 2.3% | 2.6% | 1.7% | 68% | 4h | 04:00 | 2.46 | $933k | $71k | GtGate | ||
| PmPolymarket | MORPHO-USD | −22.5% | −32.5% | −10.9% | −2.2% | −7.3% | 42% | 1h | 04:00 | 2.46 | $66k | $177k | PmPolymarket |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| PmPolymarket | LiLighter | 33.0% | 43.0% | 25.4% | 17.1% | 23.3% | 34.9% | 1.2d | steady | $66k | invite only | PmLi | calc | |
| AsAster | LiLighter | 2.4% | 2.1% | 23.8% | 12.6% | 21.7% | 32.5% | 1.2d | steady | $72k | 4h/1h | AsLi | calc | |
| PmPolymarket | HyHyperliquid | 33.4% | 43.5% | 25.5% | 18.0% | 21.1% | 31.6% | 2.4d | steady | $66k | invite only | PmHy | calc | |
| AsAster | HyHyperliquid | 2.8% | 2.5% | 23.9% | 13.5% | 19.5% | 29.2% | 2.6d | steady | $72k | 4h/1h | AsHy | calc | |
| PmPolymarket | VaVariational | 33.4% | 43.5% | 21.5% | 11.8% | 19.4% | 29.1% | 1.4d | steady | $66k | 1h/4hinvite onlyspread not incl. | PmVa | calc | |
| AsAster | VaVariational | 2.8% | 2.5% | 19.9% | 7.3% | 17.8% | 26.7% | 1.5d | steady | $72k | spread not incl. | AsVa | calc | |
| PmPolymarket | BgBitgetCEX | 33.4% | 43.5% | 21.9% | 12.5% | 16.7% | 25.0% | 3.3d | steady | $66k | 1h/4hinvite only | PmBg | calc | |
| PmPolymarket | MxMEXCCEX | 33.4% | 43.5% | 19.8% | 11.5% | 16.6% | 25.0% | 2.2d | steady | $66k | 1h/4hinvite only | PmMx | calc | |
| PmPolymarket | ExExtended | 33.9% | 43.9% | 20.0% | 11.8% | 16.6% | 24.9% | 2.4d | steady | $66k | invite only | PmEx | calc | |
| AsAster | BgBitgetCEX | 2.8% | 2.5% | 20.3% | 8.0% | 15.1% | 22.6% | 3.6d | steady | $72k | AsBg | calc | ||
| PmPolymarket | BnBinanceCEX | 33.4% | 43.5% | 19.8% | 13.9% | 15.1% | 22.6% | 3.3d | steady | $66k | 1h/4hinvite only | PmBn | calc | |
| AsAster | MxMEXCCEX | 2.8% | 2.5% | 18.2% | 7.0% | 15.1% | 22.6% | 2.4d | steady | $72k | AsMx | calc | ||
| AsAster | ExExtended | 3.3% | 2.9% | 18.4% | 7.3% | 15.0% | 22.5% | 2.6d | steady | $72k | 4h/1h | AsEx | calc | |
| AsAster | BnBinanceCEX | 2.8% | 2.5% | 18.2% | 8.6% | 13.5% | 20.2% | 3.6d | steady | $72k | AsBn | calc | ||
| PmPolymarket | ByBybitCEX | 33.4% | 40.6% | 18.0% | 7.9% | 13.1% | 19.6% | 3.8d | steady | $66k | 1h/4hinvite only | PmBy | calc | |
| AsAster | ByBybitCEX | 2.8% | −0.3% | 16.4% | 3.4% | 11.5% | 17.2% | 4.2d | cooling | $72k | AsBy | calc | ||
| GrGRVT | LiLighter | −0.4% | 3.8% | 20.1% | 24.4% | 17.8% | 26.7% | 1.6d | cooling | $29k | low OI4h/1h | GrLi | calc | |
| GtGateCEX | LiLighter | 4.6% | 4.4% | 12.1% | 12.3% | 8.2% | 12.3% | 4.5d | steady | $432k | 4h/1h | GtLi | calc | |
| GrGRVT | HyHyperliquid | 0.0% | 4.3% | 20.3% | 25.4% | 15.6% | 23.3% | 3.2d | cooling | $29k | low OI4h/1h | GrHy | calc | |
| GrGRVT | VaVariational | 0.0% | 4.3% | 16.2% | 19.1% | 13.9% | 20.8% | 2.0d | cooling | $29k | low OIspread not incl. | GrVa | calc | |
| GtGateCEX | HyHyperliquid | 5.0% | 4.8% | 12.2% | 13.2% | 6.0% | 8.9% | 7.2d | steady | $933k | 4h/1h | GtHy | calc | |
| AsAster | GtGateCEX | −2.2% | −2.3% | 11.7% | 0.3% | 5.7% | 8.5% | 7.2d | cooling | $72k | AsGt | calc | ||
| GrGRVT | BgBitgetCEX | 0.0% | 4.3% | 16.7% | 19.9% | 11.2% | 16.8% | 4.6d | cooling | $29k | low OI | GrBg | calc | |
| GrGRVT | MxMEXCCEX | 0.0% | 4.3% | 14.5% | 18.8% | 11.2% | 16.7% | 3.3d | cooling | $29k | low OI | GrMx | calc | |
| GrGRVT | ExExtended | 0.4% | 4.7% | 14.7% | 19.2% | 11.1% | 16.6% | 3.5d | steady | $29k | low OI4h/1h | GrEx | calc | |
| GrGRVT | BnBinanceCEX | 0.0% | 4.3% | 14.5% | 19.9% | 9.6% | 14.4% | 4.8d | cooling | $29k | low OI | GrBn | calc | |
| GtGateCEX | VaVariational | 5.0% | 4.8% | 8.2% | 7.0% | 4.3% | 6.4% | 6.7d | steady | $319k | spread not incl. | GtVa | calc | |
| GrGRVT | ByBybitCEX | 0.0% | 1.4% | 12.8% | 15.3% | 7.6% | 11.4% | 5.7d | cooling | $29k | low OI | GrBy | calc | |
| PmPolymarket | GtGateCEX | 28.4% | 38.6% | 13.3% | 4.8% | 7.3% | 10.9% | 6.3d | spike ×4.3 | $66k | 1h/4hinvite only | PmGt | calc | |
| MxMEXCCEX | HyHyperliquid | 0.0% | 0.0% | 5.7% | 6.5% | 2.3% | 3.5% | 8.3d | cooling | $7.9M | 4h/1h | MxHy | calc | |
| MxMEXCCEX | LiLighter | −0.4% | −0.4% | 5.6% | 5.6% | 4.6% | 6.8% | 2.6d | mixed | $432k | 4h/1h | MxLi | calc | |
| ByBybitCEX | HyHyperliquid | 0.0% | 2.8% | 7.5% | 10.1% | 2.3% | 3.4% | 9.8d | cooling | $7.0M | 4h/1h | ByHy | calc | |
| ByBybitCEX | LiLighter | −0.4% | 2.4% | 7.4% | 9.2% | 4.5% | 6.7% | 5.5d | mixed | $432k | 4h/1h | ByLi | calc | |
| ExExtended | LiLighter | −0.9% | −0.9% | 5.4% | 5.3% | 4.1% | 6.2% | 3.4d | mixed | $188k | ExLi | calc | ||
| VaVariational | LiLighter | −0.4% | −0.4% | 3.9% | 5.3% | 3.9% | 5.9% | <0.1d | mixed | $319k | 4h/1hspread not incl. | VaLi | calc | |
| VaVariational | HyHyperliquid | 0.0% | 0.0% | 4.0% | 6.2% | 1.7% | 2.5% | 8.2d | weak | $319k | 4h/1hspread not incl. | VaHy | calc | |
| GtGateCEX | BgBitgetCEX | 5.0% | 4.8% | 8.6% | 7.7% | 1.6% | 2.4% | 11d | steady | $933k | GtBg | calc | ||
| GtGateCEX | MxMEXCCEX | 5.0% | 4.8% | 6.5% | 6.7% | 1.6% | 2.3% | 11d | steady | $933k | GtMx | calc | ||
| BnBinanceCEX | LiLighter | −0.4% | −0.4% | 5.6% | 4.8% | 3.0% | 4.5% | 6.5d | mixed | $432k | 4h/1h | BnLi | calc | |
| GtGateCEX | ExExtended | 5.5% | 5.3% | 6.7% | 7.0% | 1.5% | 2.2% | 11d | steady | $188k | 4h/1h | GtEx | calc | |
| ExExtended | HyHyperliquid | −0.4% | −0.4% | 5.5% | 6.2% | 1.9% | 2.8% | 9.2d | mixed | $188k | ExHy | calc | ||
| GrGRVT | GtGateCEX | −5.0% | −0.6% | 8.0% | 12.2% | 1.8% | 2.7% | 11d | cooling | $29k | low OI | GrGt | calc | |
| BnBinanceCEX | HyHyperliquid | 0.0% | 0.0% | 5.7% | 5.9% | 0.8% | 1.2% | 12d | cooling | $7.9M | 4h/1h | BnHy | calc | |
| MxMEXCCEX | VaVariational | 0.0% | 0.0% | 1.7% | 0.3% | 0.6% | 1.0% | 8.7d | weak | $319k | spread not incl. | MxVa | calc | |
| ByBybitCEX | VaVariational | 0.0% | 2.8% | 3.4% | 3.9% | 0.6% | 0.9% | 12d | weak | $319k | spread not incl. | ByVa | calc | |
| BgBitgetCEX | LiLighter | −0.4% | −0.4% | 3.5% | 4.6% | 0.3% | 0.5% | 13d | mixed | $432k | 4h/1h | BgLi | calc | |
| PmPolymarket | GrGRVT | 33.4% | 39.2% | 5.2% | −7.4% | 0.8% | 1.2% | 12d | spike | $29k | low OI1h/4hinvite only | PmGr | calc | |
| ExExtended | VaVariational | −0.4% | −0.4% | 1.5% | 0.0% | 0.2% | 0.3% | 12d | mixed | $188k | 1h/4hspread not incl. | ExVa | calc | |
| GtGateCEX | BnBinanceCEX | 5.0% | 4.8% | 6.5% | 7.4% | 0.0% | 0.0% | 14d | steady | $933k | GtBn | calc | ||
| BnBinanceCEX | VaVariational | 0.0% | 0.0% | 1.7% | 0.8% | −0.9% | −1.4% | 21d | weak | $319k | spread not incl. | BnVa | calc | |
| AsAster | GrGRVT | 2.8% | −1.7% | 3.6% | −11.9% | −0.8% | −1.2% | 17d | weak | $29k | low OI | AsGr | calc | |
| BgBitgetCEX | HyHyperliquid | 0.0% | 0.0% | 3.6% | 5.5% | −1.9% | −2.8% | 21d | weak | $2.7M | 4h/1h | BgHy | calc | |
| GtGateCEX | ByBybitCEX | 5.0% | 2.0% | 4.8% | 3.1% | −2.0% | −3.0% | 20d | steady | $933k | GtBy | calc | ||
| MxMEXCCEX | BgBitgetCEX | 0.0% | 0.0% | 2.1% | 1.0% | −2.1% | −3.1% | 28d | weak | $2.7M | MxBg | calc | ||
| ByBybitCEX | BgBitgetCEX | 0.0% | 2.8% | 3.9% | 4.6% | −2.1% | −3.2% | 22d | weak | $2.7M | ByBg | calc | ||
| ByBybitCEX | MxMEXCCEX | 0.0% | 2.8% | 1.8% | 3.6% | −2.2% | −3.2% | 31d | weak | $7.0M | ByMx | calc | ||
| MxMEXCCEX | ExExtended | 0.4% | 0.4% | 0.2% | 0.3% | −2.2% | −3.2% | 180d | weak | $188k | 4h/1h | MxEx | calc | |
| ByBybitCEX | ExExtended | 0.4% | 3.3% | 1.9% | 3.9% | −2.2% | −3.3% | 30d | weak | $188k | 4h/1h | ByEx | calc | |
| LiLighter | HyHyperliquid | 0.4% | 0.4% | 0.1% | 0.9% | −2.2% | −3.3% | 286d | weak | $432k | LiHy | calc | ||
| VaVariational | BgBitgetCEX | 0.0% | 0.0% | 0.4% | 0.7% | −2.7% | −4.0% | 101d | weak | $319k | spread not incl. | VaBg | calc | |
| VaVariational | ExExtended | 0.4% | 0.4% | −1.5% | 0.0% | −2.8% | −4.2% | — | weak | $188k | 4h/1hspread not incl. | VaEx | calc | |
| BnBinanceCEX | BgBitgetCEX | 0.0% | 0.0% | 2.1% | 1.7% | −3.6% | −5.4% | 38d | weak | $2.7M | BnBg | calc | ||
| BnBinanceCEX | MxMEXCCEX | 0.0% | 0.0% | 0.0% | 0.0% | −3.6% | −5.5% | >999d | weak | $8.0M | BnMx | calc | ||
| BnBinanceCEX | ExExtended | 0.4% | 0.4% | 0.2% | 0.5% | −3.7% | −5.6% | 276d | weak | $188k | 4h/1h | BnEx | calc | |
| ByBybitCEX | BnBinanceCEX | 0.0% | 2.8% | 1.7% | 3.0% | −3.7% | −5.6% | 44d | weak | $7.0M | ByBn | calc | ||
| LiLighter | VaVariational | 0.4% | 0.4% | −3.9% | −5.3% | −3.9% | −5.9% | — | weak | $319k | 1h/4hspread not incl. | LiVa | calc | |
| ExExtended | BgBitgetCEX | −0.4% | −0.4% | 1.9% | 0.7% | −2.5% | −3.7% | 32d | mixed | $188k | 1h/4h | ExBg | calc | |
| BgBitgetCEX | ExExtended | 0.4% | 0.4% | −1.9% | −0.7% | −6.4% | −9.5% | — | weak | $188k | 4h/1h | BgEx | calc | |
| LiLighter | BgBitgetCEX | 0.4% | 0.4% | −3.5% | −4.6% | −6.6% | −9.9% | — | weak | $432k | 1h/4h | LiBg | calc | |
| LiLighter | MxMEXCCEX | 0.4% | 0.4% | −5.6% | −5.6% | −6.6% | −10.0% | — | weak | $432k | 1h/4h | LiMx | calc | |
| LiLighter | ByBybitCEX | 0.4% | −2.4% | −7.4% | −9.2% | −10.2% | −15.3% | — | weak | $432k | 1h/4h | LiBy | calc | |
| PmPolymarket | AsAster | 30.6% | 41.0% | 1.6% | 4.5% | −2.6% | −3.9% | 37d | spike | $66k | 1h/4hinvite only | PmAs | calc | |
| LiLighter | ExExtended | 0.9% | 0.9% | −5.4% | −5.3% | −6.7% | −10.1% | — | mixed | $188k | LiEx | calc | ||
| LiLighter | BnBinanceCEX | 0.4% | 0.4% | −5.6% | −4.8% | −8.2% | −12.3% | — | mixed | $432k | 1h/4h | LiBn | calc | |
| HyHyperliquid | ExExtended | 0.4% | 0.4% | −5.5% | −6.2% | −9.2% | −13.8% | — | mixed | $188k | HyEx | calc | ||
| GtGateCEX | AsAster | 2.2% | 2.3% | −11.7% | −0.3% | −17.7% | −26.5% | — | mixed | $72k | GtAs | calc | ||
| GtGateCEX | GrGRVT | 5.0% | 0.6% | −8.0% | −12.2% | −14.3% | −21.4% | — | mixed | $29k | low OI | GtGr | calc | |
| LiLighter | GrGRVT | 0.4% | −3.8% | −20.1% | −24.4% | −22.5% | −33.7% | — | mixed | $29k | low OI1h/4h | LiGr | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 03:10 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
No two venues give a usable spread right now.
| Buy ↓ · Sell → | MxMEXC2.4582 |
|---|---|
| MxMEXC2.4582 | — |
All quotes (12)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| MxMEXCCEX | 2.4582 | 2.4582 | mark | 7m | $439k | no FX |
| AsAster | 2.46554 | 2.46554 | mark | 12m | $30k | staleno FX |
| BnBinanceCEX | 2.46537 | 2.46537 | mark | 11m | $6.8M | staleno FX |
| BgBitgetCEX | 2.4644 | 2.4644 | mark | 11m | $491k | staleno FX |
| ByBybitCEX | 2.4671 | 2.4671 | mark | 11m | $2.2M | staleno FX |
| ExExtended | 2.46107 | 2.46107 | mark | 12m | $665k | stale |
| GtGateCEX | 2.4643 | 2.4643 | mark | 11m | $71k | staleno FX |
| GrGRVT | 2.4643 | 2.4643 | mark | 12m | $131k | staleno FX |
| HyHyperliquid | 2.4679 | 2.4679 | mark | 12m | $664k | stale |
| LiLighter | 2.46666 | 2.46666 | mark | 12m | $86k | stale |
| PmPolymarket | 2.4646 | 2.4646 | mark | 12m | $177k | stale |
| VaVariational | 2.45891 | 2.45891 | mark | 12m | $176k | stale |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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