MORPHO funding rate on Phoenix
Over the last 30 days, MORPHO funding on Phoenix averaged -3.4% APR and stayed positive 28.7% of the time, ranging from -35.7% to +31.6%. Right now it pays shorts pay longs at -19.3% APR, settled every 1h across 13 venues we track. The most reliable delta-neutral pairing for MORPHO right now is long Polymarket / short Lighter at +109.8% net APR (low risk, ~0.2d to break even).
MORPHO funding history on Phoenixlast 30d
- Backtested (30d)
- +14.9%
- Stability
- 97.7%
- Risk
- medium
- Breakeven
- ~0.6d
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 |
|---|---|
| Hyperliquid | +10.95% |
| Variational | +10.95% |
| SoDEX | +10.95% |
| Aster | +10.95% |
| Grvt | +10.95% |
| Lighter | +10.51% |
| Decibel | +4.38% |
| Paradex | -1.03% |
| Extended | -8.76% |
| Phoenix | -19.29% |
| TxFlow | -28.90% |
| Kraken | -92.41% |
| Polymarket | -102.25% |
Frequently asked
What is the current MORPHO funding rate on Phoenix?
MORPHO on Phoenix is funding at -19.29% APR (-0.0022% every 1h), paid shorts pay longs, as of 2026-10-22 22:49 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 27.4% net APR (medium risk). The two legs cancel price exposure so you keep the funding spread.