MORPHO funding rates
MORPHO perpetual funding is currently quoted across 7 venues, ranging from -168.3% to +19.4% APR. The most reliable delta-neutral pairing for MORPHO right now is long Variational / short Kraken at +10.8% net APR (high risk, ~0.6d to break even).
as of 2026-06-12 17:45 UTC
Best delta-neutral pairing
Long Variational / Short Kraken
+10.8% 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.
Open this tradeMORPHO funding by exchange
| Exchange | Funding APR |
|---|---|
| Kraken | +19.37% |
| Lighter | +10.51% |
| dYdX | +0.00% |
| Hyperliquid | -4.72% |
| Variational | -15.12% |
| Aster | -65.88% |
| Paradex | -168.34% |
Frequently asked
What is the MORPHO funding rate right now?
MORPHO perpetual funding ranges from -168.34% to 19.37% APR across 7 exchanges we track; the widest delta-neutral spread is long Variational / short Kraken at 10.8% net APR.
Which exchange has the highest MORPHO funding rate?
Kraken currently has the highest at 19.37% APR. See the full ranking above.