# MORPHO funding rates and arbitrage

Updated 2026-10-29 17:14 UTC · https://afterfees.xyz/coin/MORPHO

## 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 |
|---|---|---|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_MORPHOUSD | 0.0046% | 1 h | +40.3% | −81.4% | $254.7K | 2026-10-29 18:00 |
| [Extended](https://afterfees.xyz/venues/extended) | MORPHO-USD | 0.0013% | 1 h | +11.4% | +4.8% | $131.1K | 2026-10-29 18:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | MORPHOUSDT | 0.0050% | 4 h | +10.9% | +4.1% | — | 2026-10-29 20:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | MORPHO_USDT | 0.0050% | 4 h | +10.9% | +4.3% | $3.9M | 2026-10-29 20:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | MORPHO_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $3M | 2026-10-29 20:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | MORPHOUSDT | 0.0050% | 4 h | +10.9% | +4.6% | $2.8M | 2026-10-29 20:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_MORPHO_USDT | 0.0050% | 4 h | +10.9% | +4.3% | $6.5K | 2026-10-29 20:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | MORPHOUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 20:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | MORPHO-USDT | 0.0050% | 4 h | +10.9% | +8.8% | $1.3M | 2026-10-29 20:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | MORPHO_USDT_Perp | 0.0050% | 4 h | +10.9% | +11.1% | $16.7K | 2026-10-29 20:00 |
| [Aster](https://afterfees.xyz/venues/aster) | MORPHOUSDT | 0.0050% | 4 h | +10.9% | +10.1% | $63.2K | 2026-10-29 20:00 |
| [Variational](https://afterfees.xyz/venues/variational) | MORPHO-PERP | 0.0050% | 4 h | +10.9% | — | $227.4K | 2026-10-29 20:00 |
| [Binance](https://afterfees.xyz/venues/binance) | MORPHOUSDT | 0.0050% | 4 h | +10.9% | +4.3% | $13.7M | 2026-10-29 20:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | MORPHO | 0.0013% | 1 h | +10.9% | +10.1% | $6.7M | 2026-10-29 18:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | MORPHO | 0.0012% | 1 h | +10.5% | +10.5% | $352.6K | 2026-10-29 18:00 |
| [OKX](https://afterfees.xyz/venues/okx) | MORPHO-USDT-SWAP | 0.0035% | 4 h | +7.6% | −6.9% | $2.3M | 2026-10-29 20:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | MORPHO-USDC | 0.0007% | 1 h | +5.9% | — | $218.5K | 2026-10-29 18:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | MORPHO-USD-PERP | 0.0042% | 8 h | +4.6% | — | $4.5K | 2026-10-30 00:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | MORPHOUSDT | 0.0011% | 4 h | +2.4% | −3.1% | $6.8M | 2026-10-29 20:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | MORPHO | -0.0004% | 1 h | −3.9% | −15.0% | — | 2026-10-29 18:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | MORPHOUSD-PERP | -0.0005% | 1 h | −4.1% | +7.6% | $17.7K | 2026-10-29 18:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | MORPHOUSDTM | -0.0031% | 4 h | −6.8% | +7.9% | $453.1K | 2026-10-29 20:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | MORPHO-USDT | -0.0100% | 4 h | −21.9% | +15.2% | $521.1K | 2026-10-29 20:00 |
| [Gate](https://afterfees.xyz/venues/gate) | MORPHO_USDT | -0.0316% | 4 h | −69.2% | +3.0% | $341.5K | 2026-10-29 20:00 |

## Borrow MORPHO to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.60% | — |
| Bybit | 7.84% | — |
| OKX | 13.24% | — |
| Gate | 19.93% | $20K |
| Binance | 57.32% | — |

## Cost to enter $10,000 of MORPHO

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | MORPHO_USDT | 2.2 bp | top of book only |
| Variational | MORPHO-PERP | 3.6 bp | top of book only |
| Lighter | MORPHO | 4.5 bp | top of book only |
| Extended | MORPHO-USD | 5.4 bp | top of book only |
| Binance | MORPHOUSDT | 6.8 bp | top of book only |
| GRVT | MORPHO_USDT_Perp | 6.9 bp | top of book only |
| BingX | MORPHO-USDT | 7.0 bp | top of book only |
| Bybit | MORPHOUSDT | 7.1 bp | top of book only |
| BloFin | MORPHO-USDT | 7.1 bp | top of book only |
| Paradex | MORPHO-USD-PERP | 7.1 bp | top of book only |
| OKX | MORPHO-USDT-SWAP | 7.2 bp | top of book only |
| Bitget | MORPHOUSDT | 8.0 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

- [Borrow MORPHO: rates on every exchange](https://afterfees.xyz/borrow/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?**

Kraken at +40.3% a year (0.0046% every 1 h); the lowest is Gate at −69.2%. 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._