MORPHO funding rates and arbitrage
MORPHO perpetuals trade on 17 contracts across 17 venues, forming 136 cross-venue arbitrage pairs. By net APR the current best pair is long Kraken against short Coinbase, netting +930.88%, with both legs settling on the same cadenceใ
MORPHO perpetual funding rates by venue
APR = current rate ร (24 รท settlement interval) ร 365. Venues settle on different cadences, so rates must be annualised before comparing.
| Venue | Contract | Margin | Settlement | Current rate | APR | 24h avg APR | 24h volume | Mark |
|---|---|---|---|---|---|---|---|---|
| Binance | MORPHOUSDT | USDT | 4h | 0.0036% | +7.95% | +8.02% | $19.8M | 2.494 |
| LBank | MORPHOUSDT | USDT | 4h | 0.0036% | +7.95% | +8.05% | $10.6M | 2.495 |
| WhiteBIT | MORPHO_PERP | USDT | 4h | 0.0050% | +10.95% | +10.95% | $9.1M | 2.491 |
| Bybit | MORPHOUSDT | USDT | 4h | 0.0050% | +10.95% | +0.78% | $4.9M | 2.498 |
| Hyperliquid | MORPHO | USDC | 1h | 0.0013% | +10.95% | +10.95% | $2.9M | 2.496 |
| OKX | MORPHO-USDT-SWAP | USDT | 4h | 0.0050% | +10.95% | +8.67% | $2.4M | 2.494 |
| BingX | MORPHO-USDT | USDT | 4h | 0.0050% | +10.95% | +10.39% | $1.6M | 2.495 |
| MEXC | MORPHO_USDT | USDT | 4h | 0.0035% | +7.66% | +8.01% | $1.5M | 2.494 |
| Bitget | MORPHOUSDT | USDT | 4h | 0.0050% | +10.95% | +7.64% | $1.3M | 2.496 |
| Lighter | MORPHO | USDC | 1h | 0.0012% | +10.51% | +10.51% | $531K | 2.497 |
| Gate | MORPHO_USDT | USDT | 4h | 0.0050% | +10.95% | +7.66% | $296K | 2.492 |
| KuCoin | MORPHOUSDTM | USDT | 4h | 0.0050% | +10.95% | +10.95% | $229K | 2.495 |
| Kraken | PF_MORPHOUSD | USD | 1h | -0.0099% | -86.42% | -14.20% | $143K | 2.494 |
| Aster | MORPHOUSDT | USDT | 4h | 0.0050% | +10.95% | +5.66% | $46K | 2.496 |
| Deribit | MORPHO_USDC-PERPETUAL | USDC | 8h | -0.0285% | -31.17% | -24.74% | $25K | 2.494 |
| Crypto.com | MORPHOUSD-PERP | USD | 4h | -0.0017% | -3.79% | +6.26% | $5K | 2.494 |
| Coinbase | MORPHO-PERP | USDC | 1h | 0.0964% | +844.46% | +844.46% | $0 | 2.503 |
MORPHO cross-venue arbitrage pairs
Short the higher-APR leg and go long the lower one; net APR = short leg โ long leg.
| Long | Short | Net APR | Daily | 24h avg | Settlement | Liquidity |
|---|---|---|---|---|---|---|
| Kraken USD | Coinbase USDC | +930.88% | 2.5504% | +858.67% | 1h matched | $0 |
| Deribit USDC | Coinbase USDC | +875.64% | 2.3990% | +869.20% | 8h / 1h | $0 |
| Crypto.com USD | Coinbase USDC | +848.25% | 2.3240% | +838.21% | 4h / 1h | $0 |
| MEXC USDT | Coinbase USDC | +836.80% | 2.2926% | +836.46% | 4h / 1h | $0 |
| Binance USDT | Coinbase USDC | +836.52% | 2.2918% | +836.44% | 4h / 1h | $0 |
| LBank USDT | Coinbase USDC | +836.52% | 2.2918% | +836.41% | 4h / 1h | $0 |
| Lighter USDC | Coinbase USDC | +833.95% | 2.2848% | +833.95% | 1h matched | $0 |
| Aster USDT | Coinbase USDC | +833.51% | 2.2836% | +838.81% | 4h / 1h | $0 |
| BingX USDT | Coinbase USDC | +833.51% | 2.2836% | +834.08% | 4h / 1h | $0 |
| Bitget USDT | Coinbase USDC | +833.51% | 2.2836% | +836.82% | 4h / 1h | $0 |
| Bybit USDT | Coinbase USDC | +833.51% | 2.2836% | +843.68% | 4h / 1h | $0 |
| Gate USDT | Coinbase USDC | +833.51% | 2.2836% | +836.80% | 4h / 1h | $0 |
Morpho project profile
- Total
- 1.00B
- Max supply
- 1.00B
- Type
- Token
- Market cap rank
- #63
0x58d97b57bb95320f9a05dc918aef65434969c2b20xbaa5cc21fd487b8fcc2f632f3f4e8d37262a08420x1e5efca3d0db2c6d5c67a4491845c43253eb9e4e0x40bd670a58238e6e230c430bbb5ce6ec0d40df48About
Morpho is an open, efficient, and resilient platform that allows anyone to earn yield and borrow assets. Lenders can earn on Morpho using Morpho Vaults, noncustodial simple to use lending vaults that optimize yields for depositors. Borrowers can borrow any assets directly from Morpho Markets. At the same time, developers or businesses can create markets, curate vaults, and build a range of applications on its flexible, permissionless infrastructure. Morpho is really trustless, with immutable contracts, and governance minimized operations allowed by its simplicity. Morpho is efficient, it provides higher collateralization factors with its isolated lending markets, Improved interest rates and low gas consumption. Morpho is flexible with its permissionless market creation, permissionless risk management and has been designed to be developer-friendly.
Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.
Funding rates for other coins
Snapshot taken 2026-10-19 17:53 UTC; the page regenerates every minute. For live data, history charts and filters, open the live dashboard, or browse All coins.