Morpho is an open, efficient, and resilient platform that allows anyone to earn yield and borrow assets. Lenders can earn on Morpho using Morpho Vaults, noncustodial simple to use lending vaults that optimize yields for depositors. Borrowers can borrow any assets directly from Morpho Markets.
Order Book
Connecting…Price Chart: MORPHO
Largest Bid Walls
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Largest Ask Walls
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MORPHO Funding Rate History
Last 7 days · 168 intervalsOver the last 7 days, MORPHO funding has averaged 0.00187% per hour, an annualised rate of 16.4%. Longs paid shorts in 100% of intervals, meaning positioning has leaned long and holding a long position carried an ongoing cost. The rate ranged from 0.00125% to 0.01099%. Work out what this costs on your own position with the funding rate calculator.
MORPHO funding & market FAQ
What is the current MORPHO funding rate?
The current MORPHO funding rate on Hyperliquid is 0.00125% per hour, with a predicted next rate of 0.00125%. Over the past 7 days it has averaged 0.00187%. Hyperliquid charges funding every hour, unlike most centralised exchanges which charge every eight.
Who pays funding on MORPHO right now?
The rate is positive, so longs pay shorts. This happens when the perpetual trades above spot price, and it makes holding a long position an ongoing cost. See how funding rates work for the full mechanism.
What does MORPHO open interest tell me?
MORPHO currently has $9,798,104 of open interest, ranking #104 of 535 Hyperliquid markets. Open interest measures capital currently committed to open positions rather than trading activity, so rising open interest alongside rising price indicates new positions rather than a short squeeze. Read more on open interest.
What is my liquidation price on a MORPHO position?
At the current mark price of $2.6846, a 10x long would be liquidated around $2.4161 and a 10x short around $2.9531. Higher leverage moves those levels much closer — calculate yours exactly with the liquidation price calculator.
Can I trade MORPHO perpetuals without an account?
Trading requires a Hyperliquid wallet connection, but all the data on this page is public and free to view. You can also inspect any trader's MORPHO positions, entries and realised PnL by pasting their wallet address — no sign-up needed.
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