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Morpho perpetual futures

MORPHO perpetual contracts on 7 reviewed venues.

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Price$2.54from Binance
Total open interest$23.8msummed over 16 venues
Funding spread (annualized)67.64%Kraken vs BloFin
Exchanges16venues with a funding rate

Funding rates

Annualized rates across exchanges

KrakenCEX
+45.74%
GMXDEX
+24.15%
BinanceCEX
+10.95%
OKXCEX
+10.95%
BitgetCEX
+10.95%
MEXCCEX
+10.95%
BingXCEX
+10.95%
KuCoinCEX
+10.95%

Open interest

Per-exchange open interest

BybitBybit
$7.8m
HyperliquidHyperliquid
$7.3m
OKXOKX
$3.2m
BitgetBitget
$3.0m
BloFin
$670.6k
KuCoinKuCoin
$610.9k
Gate.ioGate.io
$500.0k
Lighter
$479.9k

What the MORPHO data shows

8 of 16 venues quote the same MORPHO funding rate, +10.95% a year. The exceptions are Kraken at +45.74%, GMX at +24.15%, Lighter at +10.51%, and 5 more.

No venue holds half of the $23.8m in reported MORPHO open interest. Bybit has the largest share, 32.8%, and Hyperliquid is next with 30.8%.

Lighter quoted MORPHO at $2.54 and Paradex at $2.54, a gap of 33.9 bps.

The MORPHO settlement periods differ: 10 venues settle every 4 hours; 3 venues settle every hour.

CoinGecko ranked MORPHO number 56 by market value on October 2, 2026, at $1.81b. Its price fell 3.6% in the 7 days before that date. The open interest in this read equals 1.3% of that value.

  • Source: public APIs of 16 venues for MORPHO, read at October 2, 2026, 22:16 UTC.
  • Market value: CoinGecko snapshot of October 2, 2026.

Where to Trade Morpho Perpetual Futures

Fees and leverage limits apply venue-wide; confirm MORPHO limits with the venue.

VenueMakerTakerMax leverageRatingTrade
0.015%0.045%40x9.2MORPHO
0.010%0.050%50x9.0MORPHO
0.035% position fee1000x8.0MORPHO
0.010%0.020%100x7.8MORPHO
Free0.030%50x7.8MORPHO
-0.010%0.017%1000x7.8MORPHO
0.050%0.080%20x7.5MORPHO

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.

Frequently Asked Questions — Morpho

What funding data is available for MORPHO?

16 venues report a MORPHO funding rate in this read.

An annualized MORPHO rate extrapolates one reading and does not predict a return.

What open interest data is available for MORPHO?

12 venues report positive MORPHO open interest in this read.

The MORPHO total leaves out venues outside the read.

Which mapped venue has the lowest recorded MORPHO taker fee?

DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 6 mapped MORPHO maker/taker schedules.

1 MORPHO venue charges a position fee and is not compared.

Category: DeFi