MORPHO funding rate on Kraken

Funding APR
-2.75%
-0.0003% / 1h
Interval
1h
next 06:00 UTC
Direction
Shorts pay
shorts pay longs
Venues tracked
7
listing this pair

Over the last 30 days, MORPHO funding on Kraken averaged -4.8% APR and stayed positive 44.7% of the time, ranging from -631.5% to +2415.4%. Right now it pays shorts pay longs at -2.8% APR, settled every 1h across 7 venues we track. The most reliable delta-neutral pairing for MORPHO right now is long Variational / short Kraken at +11.6% net APR (high risk, ~0.6d to break even).

as of 2026-06-14 05:11 UTC

MORPHO funding history on Krakenlast 30d

30d average
-4.85%
Range
-631% / 2415%
% positive
44.7%
Volatility
179.7
Best delta-neutral pairing
Long Variational / Short Kraken
+11.6% net APR
Backtested (30d)
-47.3%
Stability
35.9%
Risk
high
Breakeven
~0.6d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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How MORPHO funding compares across venues

ExchangeFunding APR
Hyperliquid+10.95%
Lighter+10.51%
dYdX+0.00%
Kraken-2.75%
Variational-37.14%
Aster-80.24%
Paradex-165.23%

Frequently asked

What is the current MORPHO funding rate on Kraken?

MORPHO on Kraken is funding at -2.75% APR (-0.0003% every 1h), paid shorts pay longs, as of 2026-06-14 05:11 UTC.

How often does Kraken pay funding on MORPHO?

Every 1 hour.

How do I earn MORPHO funding without price risk?

Open a delta-neutral position: long Variational and short Kraken, currently 11.6% net APR (high risk). The two legs cancel price exposure so you keep the funding spread.

Learn the strategy