MORPHO Funding Rate — live across 12 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized MORPHO perpetual funding across all 12 venues Perpia tracks. Right now MORPHO funding is positive on 11 and negative on 1, ranging from +10.9% on Variational to -10.5% on Gate.io — a spread of 21.5%. The widest delta-neutral trade is long Gate.io / short Variational at 18.3% net APR.
MORPHO funding rate by venue
25 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Variational | +10.9% | 4h |
| Bybit | +10.9% | 4h |
| OKX | +10.9% | 4h |
| Bitget | +10.9% | 4h |
| Hyperliquid | +10.9% | 1h |
| BingX | +10.9% | 4h |
| KuCoin | +10.9% | 4h |
| Aster | +10.8% | 1h |
| Lighter | +10.5% | 8h |
| MEXC | +5.5% | 8h |
| Binance | +5.5% | 8h |
| Gate.io | -10.5% | 4h |
Rates annualized; updated ~every few minutes from live venue data.
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MORPHO funding — FAQ
Is MORPHO funding positive right now?
MORPHO perpetual funding is positive on 11 of 12 venues Perpia tracks and negative on 1. The highest is +10.9% on Variational; the lowest is -10.5% on Gate.io.
What is the best MORPHO funding arbitrage right now?
Go long Gate.io and short Variational for about 18.3% net APR after fees — the widest delta-neutral MORPHO spread Perpia currently sees.
Which exchange has the highest MORPHO funding rate?
Variational, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How MORPHO funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.