MORPHO — price, funding and open interest
MORPHO/USDT perpetual on Binance · Bybit · Hyperliquid · OKX · Coinbase · Bitget · BingX · Upbit · MEXC · Kraken · HTX · Gate · KuCoin · Coinbase Intl: price 2.6266, 24h turnover $50.4M. Updated in real time.
What this is
Decentralised financeMorpho matches a depositor and a borrower directly and sends only the remainder to ordinary lending pools. The rate ends up better for both sides.
MORPHO unlocks
Full unlock calendar →Linear release of 1.4K tokens per day · Past unlocks: 6
Chart
Chart built from data of Bybit
What the data shows
MORPHO trades at 2.6266. Over 365 days it ranged between 0.5178 and 2.9380; the price now sits in the upper third of that range — 89% of the way from the yearly low to the high.
All-time high is 4.2000 (January 2025); the price is 37% below it now.
Volume over the last five minutes is 8.6x the usual for this instrument.
24-hour turnover is $50.4M — the 100th percentile for the year: noticeably busier than usual.
Over the day -6.31%, over the hour -0.79%, over the last five minutes -0.83% — the move has only just started.
Funding is +0.0050%: longs pay shorts, so positioning leans to buyers. For this coin that is an ordinary rate — the 34th percentile for the month.
Traded on 14 venues: Binance, Bybit, Hyperliquid, OKX, Coinbase, Bitget, BingX, Upbit, MEXC, Kraken, HTX, Gate, KuCoin, Coinbase Intl — the price is cross-checked across several sources.
Open positions in MORPHO are worth $44.7M. Over the past hour open interest fell by 0.64%. That is an ordinary level for this coin — the 32th percentile.
The daily range is 9.2% and five-minute NATR is 0.63%. That range is in the 64th percentile for the year — an ordinary day for it.
NATR is 0.40% on the minute and 1.51% on the hour — price grinds: the hourly range is barely wider than the minute one.
MORPHO correlation with Bitcoin over 24 hours is 0.26 — it goes its own way, barely looking at Bitcoin.
By turnover it ranks 164 of 2004 instruments in the screener.
By daily range it ranks 685 of 2004.
Built from current numbers and the coin's own year of history. Updates with the data.
How MORPHO behaved before
Tracked since November 2024 — 22 full months, and rising ones prevail: 13 of 22. Median month +4.8%.
Best month — December 2024: +131.2%. Worst — March 2025: -42.1%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
Kairo- VolumeVolume spike ×8.6 against its own five-minute norm. MORPHO traded $50.4M over 24h.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — decentralised finance. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
Futures metrics
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.
How much money sits in open positions on each venue. The total spans every exchange listing the contract.