MORPHO funding rate on Kraken
Over the last 30 days, MORPHO funding on Kraken averaged +12.7% APR and stayed positive 30.9% of the time, ranging from -897.5% to +4465.4%. Right now it pays shorts pay longs at -196.5% APR, settled every 1h across 9 venues we track. The most reliable delta-neutral pairing for MORPHO right now is long Grvt / short Lighter at +124.0% net APR (medium risk, ~0.4d to break even).
MORPHO funding history on Krakenlast 30d
- Backtested (30d)
- +31.7%
- Stability
- 84.5%
- Risk
- low
- Breakeven
- ~1.2d
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
| Exchange | Funding APR |
|---|---|
| Variational | +10.95% |
| Aster | +10.95% |
| Paradex | +8.81% |
| Lighter | +7.88% |
| dYdX | +0.00% |
| Hyperliquid | -7.83% |
| Phoenix | -21.77% |
| Grvt | -121.11% |
| Kraken | -196.47% |
Frequently asked
What is the current MORPHO funding rate on Kraken?
MORPHO on Kraken is funding at -196.47% APR (-0.0224% every 1h), paid shorts pay longs, as of 2026-07-29 10:44 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 Kraken and short Phoenix, currently 145.3% net APR (low risk). The two legs cancel price exposure so you keep the funding spread.