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MORPHO — funding rate on Hyperliquid
Hyperliquid · MORPHO-0.002%per 1h · -0.002%/hlongs receive
last settlement-0.002%→upcoming payout-0.002%• unchanged
54:54settlement
0calmheat
Price (mark)
2.0583
-0.6% 24h
Vol 24h
$1.9M
Open interest
$5.1M
Price move in 2 min
—
avg 7d
+0.001%/h
avg 30d
+0.001%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (1h)
- $0.05 · $0.05/hour
- Net snipe per settlement
- $-3.95 = 0.002% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.01×needs 0.160%+ per settlement
- Liquidation price
- 1.6569 (−19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Context and comparison
Funding history · 750 settlements
MORPHO on 5 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | -0.011% / 4h | -0.003%/h | longs | -0.149% |
| OKX | -0.010% / 4h | -0.003%/h | longs | -0.150% |
| Hyperliquid ← you are here | -0.002% / 1h | -0.002%/h | longs | -0.158% |
| Bitget | -0.001% / 4h | -0.000%/h | longs | -0.159% |
| Binance | -0.001% / 4h | -0.000%/h | longs | -0.159% |
Bybit-0.003%/h
longsrate -0.011% / 4hsnipe -0.149%
OKX-0.003%/h
longsrate -0.010% / 4hsnipe -0.150%
Hyperliquid← you are here-0.002%/h
longsrate -0.002% / 1hsnipe -0.158%
Bitget-0.000%/h
longsrate -0.001% / 4hsnipe -0.159%
Binance-0.000%/h
longsrate -0.001% / 4hsnipe -0.159%
Max spread across exchanges: +0.003%/h
MORPHO across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
5 exchanges on one timeline
Binanceevery 4hBybitevery 4hHyperliquidevery 1hOKXevery 4hBitgetevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0021%/h
widest spread
0.0069%/h
03.11 17:00 UTC · Hyperliquid ↔ OKX
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter long before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a long here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.