MORPHO funding rates
MORPHO perpetual funding is currently quoted across 14 venues, ranging from -358.3% to +11.4% APR. The most reliable delta-neutral pairing for MORPHO right now is long Phoenix / short Lighter at +20.0% net APR (medium risk, ~0.5d to break even).
as of 2026-10-28 08:08 UTC
Best delta-neutral pairing
Long Phoenix / Short Lighter
+20.0% net APR
- Backtested (30d)
- +15.9%
- Stability
- 97.8%
- Risk
- medium
- Breakeven
- ~0.5d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeMORPHO funding by exchange
| Exchange | Funding APR |
|---|---|
| Extended | +11.39% |
| Hyperliquid | +10.95% |
| Polymarket | +10.95% |
| Variational | +10.95% |
| SoDEX | +10.95% |
| Aster | +10.95% |
| Grvt | +10.95% |
| TxFlow | +10.95% |
| Lighter | +10.51% |
| Decibel | +8.76% |
| Paradex | +6.72% |
| Kraken | -1.36% |
| Phoenix | -11.86% |
| n1xyz | -358.28% |
Frequently asked
What is the MORPHO funding rate right now?
MORPHO perpetual funding ranges from -358.28% to 11.39% APR across 14 exchanges we track; the widest delta-neutral spread is long Phoenix / short Lighter at 20.0% net APR.
Which exchange has the highest MORPHO funding rate?
Extended currently has the highest at 11.39% APR. See the full ranking above.