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MORPHO live: funding rate, open interest, liquidations & volume spikes

MORPHO trades on 7 exchanges tracked by Volume Monitor (Binance, Bitget, Bybit, Gate, Hyperliquid, KuCoin and MEXC) across 7 perpetual futures and 3 spot markets. The last price is 2.695 USDT on Binance (-0.54% in the last hour), and 24h volume is $27.05M ($22.51M perps, $4.54M spot). Perpetual open interest totals $41.29M. The OI-weighted funding rate is 0.0290% per 8h (≈32% APR), so longs pay shorts. $208 of MORPHO positions were liquidated on Binance, Bybit, Bitget, Gate and HTX in the last 8 hours (since tracking began), 85% longs and 16% shorts. The scanner flagged 12 volume spikes on MORPHO since it started.

Tracking for ~8h Updates every 5 s HistoryMarketsLong/shortSpikesLiquidations

PriceBinance perp
2.695
1h -0.54% 24h —
24h volumespot + perp
$27.05M
Perp $22.51MSpot $4.54M
Open interest7 perps
$41.29M
1h — 24h —
Funding, 8hOI-weighted
0.0290%
≈32% APRlongs pay shorts
Liquidations 24hpartial
$208
Longs $177Shorts $33
Volume spikes 24hpartial
12
Net spike flow+$494K

MORPHO open interest, funding and liquidations history

From recorded history, hourly

MORPHO open interest is up 16.5% since 13:15 UTC on 27 Sep, from $28.36M to $33.05M. MORPHO funding has averaged 0.0188% per 8 hours since 13:15 UTC on 27 Sep (≈21% APR), positive in 100% of hourly readings, so longs mostly paid shorts. $209 of MORPHO positions were liquidated since 13:15 UTC on 27 Sep: $177 longs (84.4%) and $33 shorts. The biggest hour was 19:00 UTC on 27 Sep, with $118.

MORPHO price

Chart: TradingView Lightweight Charts™

MORPHO open interest

All perps, USD

Chart: TradingView Lightweight Charts™

MORPHO funding rate

OI-weighted, 8h

Chart: TradingView Lightweight Charts™

MORPHO liquidations

Longs up, shorts down

Chart: TradingView Lightweight Charts™

MORPHO CVD and taker flow

Spot vs perp, from range start · bars: net taker buys

Chart: TradingView Lightweight Charts™

MORPHO markets: funding rate & open interest by exchange

Funding as 8h equivalent (hover for APR) · OI changes need history
Market Price 1h 24h 24h volume Funding 8h Open interest OI 1h OI 4h OI 24h Trade
Binance perp MORPHOUSDT 2.695 -0.54% — $12.93M 0.0100% $16.76M -0.65% +1.87% — Trade
Hyperliquid perp MORPHO 2.702 -0.37% — $2.27M 0.1029% $8.43M -0.63% +12.76% — Trade
MEXC perp MORPHO_USDT 2.694 — — $495K 0.0100% $7.91M — — — Trade
Bybit perp MORPHOUSDT 2.695 -0.55% — $5.05M 0.0100% $4.31M -0.57% -0.07% — Trade
Bitget perp MORPHOUSDT 2.702 -0.40% — $1.33M 0.0100% $3.04M -0.24% +6.63% — Trade
Gate perp MORPHO_USDT 2.698 -0.30% — $322K 0.0100% $444K -0.05% +0.57% — Trade
KuCoin perp MORPHOUSDTM 2.697 — — $113K 0.0100% $397K — — — Trade
Binance spot MORPHOUSDT 2.697 -0.52% — $4.07M — — — — — Trade
Bybit spot MORPHOUSDT 2.695 -0.48% — $319K — — — — — Trade
Binance spot MORPHOUSDC 2.695 0.00% — $150K — — — — — Trade

Price and OI changes appear once the server has enough history: it records 5-minute snapshots since its last restart (~8h ago), so 1h values fill in after an hour and 24h values after a day. Trade links go to the exchange and may be referral links.

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MORPHO long/short ratio

All coins' long/short ratios →

Long/short ratios are tracked for the top 100 perpetuals by volume on Binance and Bybit. MORPHO is not among them right now. See the coins that are tracked →

MORPHO volume spikes

See live spikes for all coins →
Spikes on record8
Buy-side5
Mixed2
Sell-side1
Time Venue Type Side $ in 1m × normal Buy % +5m +15m +1h
75m ago BIN perp VOL MIXED $120K 50.1× 56% +0.04%+0.08%-0.15%
81m ago HL perp VOL BUY $189K 462.3× 62% -0.37%-0.47%-0.23%
82m ago BYB perp VOL MIXED $194K 193.1× 58% +0.22%+0.04%+0.41%
82m ago BIN perp VOL BUY $137K 58.2× 81% +0.24%+0.08%+0.31%
82m ago BIN spot VOL BUY $63K 83.6× 76% +0.26%+0.07%+0.37%
3h ago HL perp VOL BUY $586K 1646.8× 78% +0.62%+0.66%-0.23%
3h ago BIN perp VOL BUY $290K 127.0× 60% +0.72%+0.83%+0.10%
3h ago BIN spot VOL SELL $80K 108.5× 35% +0.71%+0.85%+0.07%

Newest first, up to 100. +5m / +15m / +1h show the price change after each spike and fill in as time passes. They describe the past, not a prediction.

MORPHO liquidations: long vs short

All liquidations →

MORPHO perps trade only on Hyperliquid, which does not publish a liquidation feed.

About the MORPHO numbers

MORPHO funding rate

Perpetual futures have no expiry, so exchanges keep their price close to spot with periodic funding payments between longs and shorts. A positive MORPHO funding rate means longs pay shorts (more demand for leveraged longs); negative means shorts pay longs. Rates here are converted to an 8-hour equivalent so exchanges with 1h, 4h and 8h intervals compare directly, and the headline figure is weighted by each exchange's open interest.

MORPHO open interest

Open interest is the USD value of all open MORPHO perpetual positions. Rising OI alongside a price move means new positions are opening; falling OI means positions are closing (including liquidations). OI changes are measured from 5-minute snapshots.

MORPHO liquidations

A liquidation is a leveraged position the exchange closed by force. Long liquidations are forced sells that hit when price drops; short liquidations are forced buys when price rises. The long/short split shows which side was caught.

MORPHO volume spikes

A spike is a minute where one MORPHO market traded at least 4× its normal minute volume, with a size floor. Buy % is the share of taker buys. The +5m / +15m / +1h columns show what price did afterwards. They are history, not a signal. Not financial advice.