Live data
Morpho perpetual futures
Live funding rates, open interest, and measured trade costs for Morpho. 7 venues in the PerpFinder venue map list MORPHO perps.
At a glance
This MORPHO funding snapshot covers 2 venues: Hyperliquid and dYdX. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists MORPHO.
- Highest annualized funding
- +10.95%Hyperliquid
- Lowest annualized funding
- 0.00%dYdX
More
The highest listed annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
Only Hyperliquid reports open interest of the 2 listed venues, so there is no executable spread.
Hyperliquid reports $4.8m of open interest across the venues in this snapshot that publish it.
The MORPHO price in this snapshot comes from Hyperliquid at $2.38.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
dYdXDEXOpen interest
Per-exchange open interest
HyperliquidLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. MORPHO is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Morpho Perpetual Futures
7 of the 7 venues that list MORPHO perps have a PerpFinder review page. The table compares fees, leverage, and features for those 7.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | MORPHO → | |
| 0.010% | 0.050% | 50x | 9.0 | MORPHO → | |
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | MORPHO → | ||
| 0.010% | 0.020% | 100x | 7.8 | MORPHO → | |
| Free | 0.030% | 50x | 7.8 | MORPHO → | |
| -0.010% | 0.017% | 1000x | 7.8 | MORPHO → | |
| 0.050% | 0.080% | 20x | 7.5 | MORPHO → | |
Market Overview
Morpho is a DeFi lending protocol optimizer that improves capital efficiency by matching lenders and borrowers peer-to-peer on top of existing pools like Aave and Compound. MORPHO perpetual futures are available on centralized exchanges. MORPHO perps offer exposure to the DeFi lending optimization narrative, with volume patterns that correlate with broader DeFi sector interest.
Morpho runs a minimal, isolated-market lending architecture that other front-ends and curators build on. MORPHO perps offer a rare leveraged instrument on lending-infrastructure adoption specifically, distinct from the broader DeFi basket.
Trading Tips for Morpho Perps
MORPHO is a DeFi infrastructure play that benefits from rising lending market activity. Track total DeFi lending TVL and Morpho's protocol-specific metrics like matched volume and utilization rates as fundamental signals for MORPHO perp positioning.
Frequently Asked Questions — Morpho
What is the current MORPHO perpetual futures funding rate?
The live Morpho funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists MORPHO perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest MORPHO perp trading fees?
Among 6 tracked MORPHO venues with comparable order-book schedules, DESK lists the lowest taker fee at 0.017%. SynFutures lists 0.020%. 1 position-fee venue is excluded from this maker/taker result. Use the cost comparison for total cost.
How does Morpho open interest compare across exchanges?
The Morpho open-interest chart shows the total value of outstanding MORPHO derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the MORPHO long/short ratio indicate?
The Morpho long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade MORPHO perpetual futures?
Morpho perps are listed on 7 exchanges, including Hyperliquid, dYdX, Gains Network, SynFutures, and Orderly Network, plus 2 more. The "Where to Trade Morpho Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: DeFi · Data updates every 2 minutes · All rates shown are annualized