MORPHO funding rates and arbitrage
Updated 2026-10-29 15:32 UTC
Best MORPHO arbitrage after every cost
No MORPHO pair 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 funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Crypto.com | MORPHOUSD-PERP | 0.0033% | 1 h | +28.9% | +6.6% | $17.7K | 2026-10-29 16:00 |
| Kraken | PF_MORPHOUSD | 0.0032% | 1 h | +28.3% | −82.2% | $255K | 2026-10-29 16:00 |
| Extended | MORPHO-USD | 0.0013% | 1 h | +11.4% | +4.7% | $131.1K | 2026-10-29 16:00 |
| Bitunix | MORPHOUSDT | 0.0050% | 4 h | +10.9% | +4.0% | — | 2026-10-29 16:00 |
| MEXC | MORPHO_USDT | 0.0050% | 4 h | +10.9% | +4.1% | $13.3M | 2026-10-29 16:00 |
| WhiteBIT | MORPHO_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $3M | 2026-10-29 16:00 |
| OKX | MORPHO-USDT-SWAP | 0.0050% | 4 h | +10.9% | −6.8% | $2.3M | 2026-10-29 16:00 |
| WOO X | PERP_MORPHO_USDT | 0.0050% | 4 h | +10.9% | +4.1% | $6.5K | 2026-10-29 16:00 |
| LBank | MORPHOUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 16:00 |
| BingX | MORPHO-USDT | 0.0050% | 4 h | +10.9% | +8.7% | $1.3M | 2026-10-29 16:00 |
| GRVT | MORPHO_USDT_Perp | 0.0050% | 4 h | +10.9% | +11.0% | $10.7K | 2026-10-29 16:00 |
| Aster | MORPHOUSDT | 0.0050% | 4 h | +10.9% | +10.0% | $63.9K | 2026-10-29 16:00 |
| Variational | MORPHO-PERP | 0.0050% | 4 h | +10.9% | — | $261.5K | 2026-10-29 16:00 |
| TXFlow | MORPHO-USDC | 0.0013% | 1 h | +10.9% | — | $219K | 2026-10-29 16:00 |
| Binance | MORPHOUSDT | 0.0050% | 4 h | +10.9% | +4.1% | $13.8M | 2026-10-29 16:00 |
| Hyperliquid | MORPHO | 0.0013% | 1 h | +10.9% | +10.1% | $6.8M | 2026-10-29 16:00 |
| Lighter | MORPHO | 0.0012% | 1 h | +10.5% | +10.4% | $355.2K | 2026-10-29 16:00 |
| Paradex | MORPHO-USD-PERP | 0.0083% | 8 h | +9.1% | — | $4.5K | 2026-10-29 16:00 |
| Bitget | MORPHOUSDT | 0.0020% | 4 h | +4.4% | +4.5% | $2.8M | 2026-10-29 16:00 |
| KuCoin | MORPHOUSDTM | 0.0011% | 4 h | +2.4% | +7.8% | $449.3K | 2026-10-29 16:00 |
| Bybit | MORPHOUSDT | 0.0005% | 4 h | +1.0% | −3.8% | $6.8M | 2026-10-29 16:00 |
| Gate | MORPHO_USDT | -0.0051% | 4 h | −11.2% | +3.4% | $344.6K | 2026-10-29 16:00 |
| Phoenix | MORPHO | -0.0013% | 1 h | −11.8% | −15.2% | — | 2026-10-29 16:00 |
| BloFin | MORPHO-USDT | -0.0100% | 4 h | −21.9% | +16.1% | $535.8K | 2026-10-29 16:00 |
Borrow MORPHO to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.61% | — |
| Bybit | 7.73% | — |
| OKX | 13.77% | — |
| Gate | 19.95% | $20K |
| Binance | 57.32% | — |
Cost to enter $10,000 of MORPHO
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | MORPHO | 1.6 bp | top of book only |
| MEXC | MORPHO_USDT | 2.2 bp | top of book only |
| Variational | MORPHO-PERP | 3.4 bp | top of book only |
| Binance | MORPHOUSDT | 5.2 bp | top of book only |
| OKX | MORPHO-USDT-SWAP | 5.2 bp | top of book only |
| Extended | MORPHO-USD | 5.4 bp | top of book only |
| BingX | MORPHO-USDT | 5.9 bp | top of book only |
| GRVT | MORPHO_USDT_Perp | 6.1 bp | top of book only |
| BloFin | MORPHO-USDT | 6.2 bp | top of book only |
| Bybit | MORPHOUSDT | 8.2 bp | top of book only |
| Hyperliquid | MORPHO | 8.7 bp | top of book only |
| Bitget | MORPHOUSDT | 9.5 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on MORPHO
Questions
Is MORPHO funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no MORPHO pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest MORPHO funding rate?
Crypto.com at +28.9% a year (0.0033% every 1 h); the lowest is BloFin at −21.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
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.