MORPHO funding rates
MORPHO perpetual funding is currently quoted across 9 venues, ranging from -196.4% to +10.9% APR. The most reliable delta-neutral pairing for MORPHO right now is long Grvt / short Lighter at +114.8% net APR (medium risk, ~0.4d to break even).
as of 2026-07-29 10:36 UTC
Best delta-neutral pairing
Long Grvt / Short Lighter
+114.8% net APR
- Backtested (30d)
- +45.5%
- Stability
- 93.6%
- Risk
- medium
- Breakeven
- ~0.4d
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 |
|---|---|
| Variational | +10.95% |
| Aster | +10.95% |
| Paradex | +8.86% |
| Lighter | +4.38% |
| dYdX | +0.00% |
| Hyperliquid | -6.09% |
| Phoenix | -21.77% |
| Grvt | -114.97% |
| Kraken | -196.43% |
Frequently asked
What is the MORPHO funding rate right now?
MORPHO perpetual funding ranges from -196.43% to 10.95% APR across 9 exchanges we track; the widest delta-neutral spread is long Grvt / short Lighter at 114.8% net APR.
Which exchange has the highest MORPHO funding rate?
Variational currently has the highest at 10.95% APR. See the full ranking above.