MORPHO funding rate on Phoenix
Over the last 7.2 days, MORPHO funding on Phoenix averaged -41.0% APR and stayed positive 0% of the time, ranging from -62.7% to -12.9%. Right now it pays shorts pay longs at -45.2% APR, settled every 1h across 9 venues we track. The most reliable delta-neutral pairing for MORPHO right now is long Aster / short Lighter at +78.8% net APR (high risk, ~0.5d to break even).
MORPHO funding history on Phoenixlast 7d
- Backtested (30d)
- +37.5%
- Stability
- 100%
- Risk
- medium
- Breakeven
- ~1.7d
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 |
|---|---|
| Paradex | +10.78% |
| dYdX | +0.00% |
| Lighter | -12.26% |
| Variational | -34.34% |
| Grvt | -42.92% |
| Phoenix | -45.18% |
| Hyperliquid | -62.26% |
| Aster | -104.63% |
| Kraken | -149.98% |
Frequently asked
What is the current MORPHO funding rate on Phoenix?
MORPHO on Phoenix is funding at -45.18% APR (-0.0052% every 1h), paid shorts pay longs, as of 2026-07-24 19:38 UTC.
How often does Phoenix pay funding on MORPHO?
Every 1 hour.
How do I earn MORPHO funding without price risk?
Open a delta-neutral position: long Phoenix and short Lighter, currently 19.9% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.