MORPHO — price, funding and open interest
MORPHO/USDT perpetual on Binance · OKX · Bybit · Hyperliquid · Coinbase · BingX · Bitget · Kraken · MEXC · Gate · Upbit · KuCoin · HTX: price 2.0892, 24h turnover $18.0M. 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.
Chart
Chart built from data of Bybit
MORPHO unlocks
Full unlock calendar →No upcoming unlocks scheduled.
Linear release of 293.6K tokens per day · Past unlocks: 6
What the data shows
MORPHO trades at 2.0892. Over 365 days it ranged between 0.9563 and 2.9770; the price now sits in the middle of that range — 56% of the way from the yearly low to the high.
All-time high is 4.2000 (January 2025); the price is 50% below it now.
24-hour turnover is $18.0M — percentile 100 for the year: noticeably busier than usual.
Volume over the last five minutes is 2.7x the usual for this instrument.
The daily range is 10.7% and five-minute NATR is 0.35%. That range is at percentile 84 for the year — an unusually wide day.
Funding is +0.0050%: longs pay shorts, so positioning leans to buyers. For this coin that is an ordinary rate — percentile 36 for the month.
Traded on 13 venues: Binance, OKX, Bybit, Hyperliquid, Coinbase, BingX, Bitget, Kraken, MEXC, Gate, Upbit, KuCoin, HTX — the price is cross-checked across several sources.
Open positions in MORPHO are worth $42.4M. Over the past hour open interest fell by 1.25%. That is an ordinary level for this coin — percentile 70.
Binance pays +0.0050% and Bybit -0.0274% — a gap of 0.0324 percentage points, higher on Binance.
MORPHO correlation with Bitcoin over 24 hours is 0.81 — the coin closely follows the market.
Over the day -7.37%, over the hour -1.60%, over the last five minutes -0.09% — the pace is steady.
By turnover it ranks 249 of 2159 instruments in the screener.
By daily range it ranks 1066 of 2159.
NATR is 0.26% on the minute and 1.32% on the hour — the move is even, without sharp excursions inside the hour.
Built from current numbers and the coin's own year of history. Updates with the data.
How MORPHO behaved before
Tracked since November 2024 — 24 full months. 13 of 24 closed higher, median month +3.2%.
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- VenuesVenue rates diverged: Binance +0.0050%, Bybit -0.0274%. Gap 0.0324 points — sentiment differs between venues.
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.