# Borrow MORPHO: rates on every exchange

Annualised margin borrow rates for MORPHO at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-29 16:59 UTC · https://afterfees.xyz/borrow/MORPHO

## MORPHO borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.51% | 1.60% | 1.99% | 1.60% | $251.1K | $117.5K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 7.76% | 7.73% | 7.73% | 7.76% | $71.6K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 8.21% | 13.51% | 13.70% | 13.51% | $18.1K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 18.80% | 19.93% | 16.24% | 19.93% * | $20K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 57.32% | 53.43% | 53.16% | 57.32% | $9K | not published | Borrowable |

_Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred)._

## Reverse carry on MORPHO: borrow and sell spot, long the perp

No reverse MORPHO carry nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## MORPHO perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | MORPHO_USDT | -0.0339% | 4 h | −74.2% |
| [BloFin](https://afterfees.xyz/venues/blofin) | MORPHO-USDT | -0.0100% | 4 h | −21.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MORPHOUSDTM | 0.0001% | 4 h | +0.2% |
| [Bybit](https://afterfees.xyz/venues/bybit) | MORPHOUSDT | 0.0008% | 4 h | +1.7% |
| [Paradex](https://afterfees.xyz/venues/paradex) | MORPHO-USD-PERP | 0.0064% | 8 h | +7.0% |
| [Lighter](https://afterfees.xyz/venues/lighter) | MORPHO | 0.0012% | 1 h | +10.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | MORPHO_USDT | 0.0050% | 4 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | MORPHO-USDT-SWAP | 0.0050% | 4 h | +10.9% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [MORPHO](https://afterfees.xyz/coin/MORPHO) |

## Questions

**Where is it cheapest to borrow MORPHO?**

Bitget, at 1.60% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend MORPHO.

**Can I earn negative funding on MORPHO by borrowing it?**

Not right now: no reverse MORPHO carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._