MORPHO Funding Rate — live across 13 venues
Perpetual funding · compared across 13 venues · net of estimated fees · updated every few minutesLive annualized MORPHO perpetual funding across all 13 venues Perpia tracks. Right now MORPHO funding is positive on 12 and negative on 1, ranging from +11.4% on Extended to -11.1% on Aster — a spread of 22.4%. The widest delta-neutral trade is long Aster / short Variational at 19.6% net APR.
MORPHO funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
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Build a route
any two of the 13 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 13 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Extended↗ | +11.4% | every 1h | |
| Variational↗short | +10.9% | every 4h | |
| MEXC↗ | +10.9% | every 4h | |
| BingX↗ | +10.9% | every 4h | |
| Binance↗ | +10.9% | every 4h | |
| Bybit↗ | +10.9% | every 4h | |
| Bitget↗ | +10.9% | every 4h | |
| KuCoin↗ | +10.9% | every 4h | |
| Hyperliquid↗ | +10.9% | every 1h | |
| Gate.io↗ | +10.9% | every 4h | |
| Lighter↗ | +10.5% | every 8h | |
| OKX↗ | +2.0% | every 4h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Aster↗long | −11.1% | every 4h | |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Aster vs Variational page. 22 pairs scanned for MORPHO.
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MORPHO — FAQ
Is MORPHO funding positive right now?
MORPHO perpetual funding is positive on 12 of 13 venues Perpia tracks and negative on 1. The highest is +11.4% on Extended; the lowest is -11.1% on Aster.
What is the best MORPHO funding arbitrage right now?
Go long Aster and short Variational for about 19.6% net APR after fees — the widest delta-neutral MORPHO spread Perpia currently sees.
Which exchange has the highest MORPHO funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How MORPHO funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to MORPHO
also quoted on both Aster and VariationalThe same two exchanges you would already have funded for the MORPHO trade. Every spread between them is on the Aster vs Variational page.