MORPHO funding rates and position payments
Funding is a payment between long and short holders of a perpetual contract. At a positive rate, longs pay shorts. At a negative rate, shorts pay longs.
MSK
Exchanges with current rates
10
Range normalized to 8 hours
-0.0262% → +0.0100%
Where the selected side receives funding
Long: 1 of 10
Calculate one funding payment
The full position value in USD. For a leveraged position, this is collateral multiplied by leverage.
Long on Bybit · MORPHOUSDT
Receives 1.31 USD equivalent
10 000.00 USD × -0.0131% per 4 h
One settlement calculated from the displayed rate and position notional. Trading fees and profit or loss from price changes are calculated separately.
Compare current funding rates
Rows are ordered by the payment to the selected side over the same eight hours. The original rate and single payment apply to each contract’s own interval.
| Exchange / contract | Rate per interval | 8-hour equivalent | One paymentUSD equivalentLong · 10 000.00 USD | Next settlement |
|---|---|---|---|---|
|
Bybit
MORPHOUSDT
Rate as of MSK
Open interest: 6 385 603 USD 24-hour volume: 2 192 740 USD |
-0.0131% per 4 h | -0.0262% | Receives 1.31 USD | MSK |
|
MEXC
MORPHO_USDT
Rate as of MSK
24-hour volume: 696 080 USD |
+0.0029% per 8 h | +0.0029% | Pays 0.29 USD | — |
|
OKX
MORPHO-USDT-SWAP
Rate as of MSK
Open exchange ↗ |
+0.0019% per 4 h | +0.0039% | Pays 0.19 USD | MSK |
|
Aster
MORPHOUSDT
Rate as of MSK
Open exchange ↗ |
+0.0048% per 8 h | +0.0048% | Pays 0.48 USD | MSK |
|
BingX
MORPHO-USDT
Rate as of MSK
Open exchange ↗ |
+0.0050% per 8 h | +0.0050% | Pays 0.50 USD | MSK |
|
Bitget
MORPHOUSDT
Rate as of MSK
Open interest: 2 622 812 USD 24-hour volume: 553 220 USD |
+0.0050% per 8 h | +0.0050% | Pays 0.50 USD | — |
|
KuCoin
MORPHOUSDTM
Rate as of MSK
24-hour volume: 40 386 USD |
+0.0050% per 8 h | +0.0050% | Pays 0.50 USD | MSK |
|
Binance
MORPHOUSDT
Rate as of MSK
24-hour volume: 8 751 277 USD |
+0.0031% per 4 h | +0.0062% | Pays 0.31 USD | MSK |
|
Gate.io
MORPHO_USDT
Rate as of MSK
Open exchange ↗ |
+0.0050% per 4 h | +0.0100% | Pays 0.50 USD | MSK |
|
Hyperliquid
MORPHO
Rate as of MSK
Open interest: 5 900 256 USD 24-hour volume: 1 141 266 USD |
+0.0013% per 1 h | +0.0100% | Pays 0.13 USD | — |
Latest completed settlements
These payments have already settled. They are separate from the current-rate comparison.
| Exchange / contract | Rate per interval | One paymentUSD equivalentLong · 10 000.00 USD | Settlement time |
|---|---|---|---|
|
Extended
MORPHO-USD
Rate as of MSK
Open interest: 141 591 USD 24-hour volume: 4 884 USD |
+0.0005% per 1 h | Pays 0.05 USD | MSK |
|
GRVT
MORPHO_USDT_Perp
Rate as of MSK
24-hour volume: 112 213 USD |
+0.0050% per 4 h | Pays 0.50 USD | MSK |
|
Lighter
MORPHO-USD
Rate as of MSK
24-hour volume: 991 258 USD |
+0.0012% per 1 h | Pays 0.12 USD | MSK |
Completed settlements over 24 hours and 7 days
The sum of published settlement rates for each contract. Payment amounts are USD equivalents for a constant 10 000.00 USD notional and the selected direction.
GRVT
24 hours
+0.0300%
Pays 3.00 USD
6 settlements
18.10.2026 03:00 — 18.10.2026 23:00 MSK
7 days
-0.0380%
Receives 3.80 USD
42 settlements
12.10.2026 03:00 — 18.10.2026 23:00 MSK
Lighter
24 hours
+0.0275%
Pays 2.75 USD
24 settlements
18.10.2026 02:00 — 19.10.2026 01:00 MSK
7 days
+0.1999%
Pays 19.99 USD
168 settlements
12.10.2026 02:00 — 19.10.2026 01:00 MSK
Extended
24 hours
+0.0142%
Pays 1.42 USD
24 settlements
18.10.2026 02:00 — 19.10.2026 01:00 MSK
7 days
+0.1630%
Pays 16.30 USD
168 settlements
12.10.2026 02:00 — 19.10.2026 01:00 MSK
How rates and payments are calculated
The 8-hour equivalent is the rate per interval × 8 ÷ interval hours. It makes different intervals comparable. One payment is position notional × the original rate. The annualized equivalent in the history is a linear conversion of the rate to one year.
MORPHO funding questions
Who receives funding when the MORPHO rate is positive?
At a positive rate, long holders pay short holders. At a negative rate, the direction reverses. The payment depends on the position notional and the rate of the specific contract.
Should I multiply the payment by leverage again?
No, if the calculator already contains the full position notional. Leverage is used once: position notional equals collateral multiplied by leverage.