OKX MORPHO perpetual
MORPHO-USDT-SWAP
As of 2026-10-21 21:57 UTC, MORPHO-USDT-SWAP on OKX has a collected rate of +0.0050% over 4h, or +10.95% simple annualised; its collected settlement interval is 4h, with up to 20x leverage. Gate has a lower rate for longs at +2.41%.
Settled rates over the past 30 days
Settled funding for MORPHO-USDT-SWAP
The latest 30-day window contains 179 settlements covering 716 known-period hours, with a cumulative rate of +0.6258%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-10-21 16:00 | +0.0050% | 4h |
| 2026-10-21 12:00 | +0.0032% | 4h |
| 2026-10-21 08:00 | -0.0014% | 4h |
| 2026-10-21 04:00 | -0.0068% | 4h |
| 2026-10-21 00:00 | -0.0041% | 4h |
| 2026-10-20 20:00 | -0.0050% | 4h |
| 2026-10-20 16:00 | -0.0094% | 4h |
| 2026-10-20 12:00 | +0.0050% | 4h |
| 2026-10-20 08:00 | +0.0008% | 4h |
| 2026-10-20 04:00 | +0.0050% | 4h |
| 2026-10-20 00:00 | +0.0050% | 4h |
| 2026-10-19 20:00 | +0.0050% | 4h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
What does this rate mean for a 10,000 USDT position?
For MORPHO-USDT-SWAP, 10,000 USDT of notional × 0.005000% gives 0.5000 USDT over the quoted 4h rate period: longs pay and shorts receive. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for MORPHO-USDT-SWAP?
This table selects tiers by base-asset quantity in MORPHO, not by the amount of margin deposited. The first tier starts at 0 and ends at 8200 MORPHO. Above that, tier 2 requires 3.0000% maintenance margin.
Contract units and calculator input
One MORPHO-USDT-SWAP contract represents 1 MORPHO. Order lot size is expressed in the venue’s original unit. The liquidation calculator expects base-asset quantity; do not enter a contract count without converting units.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
Maintenance margin ladder
No deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 8200 base | 2.0000% | 20.00x | — |
| 2 | 8201 – 15000 base | 3.0000% | 15.00x | — |
| 3 | 15001 – 25000 base | 4.0000% | 12.50x | — |
| 4 | 25001 – 33200 base | 4.5000% | 11.76x | — |
| 5 | 33201 – 41400 base | 5.0000% | 11.11x | — |
| 6 | 41401 – 49600 base | 5.5000% | 10.52x | — |
| 7 | 49601 – 57800 base | 6.0000% | 10.00x | — |
| 8 | 57801 – 66000 base | 6.5000% | 9.52x | — |
| 9 | 66001 – 74200 base | 7.0000% | 9.09x | — |
| 10 | 74201 – 82400 base | 7.5000% | 8.69x | — |
| 11 | 82401 – 90600 base | 8.0000% | 8.33x | — |
| 12 | 90601 – 98800 base | 8.5000% | 8.00x | — |
| 13 | 98801 – 107000 base | 9.0000% | 7.69x | — |
| 14 | 107001 – 115200 base | 9.5000% | 7.40x | — |
| 15 | 115201 – 123400 base | 10.0000% | 7.14x | — |
| 16 | 123401 – 131600 base | 10.5000% | 6.89x | — |
| 17 | 131601 – 139800 base | 11.0000% | 6.66x | — |
| 18 | 139801 – 148000 base | 11.5000% | 6.45x | — |
| 19 | 148001 – 156200 base | 12.0000% | 6.25x | — |
| 20 | 156201 – 164400 base | 12.5000% | 6.06x | — |
| 21 | 164401 – 172600 base | 13.0000% | 5.88x | — |
| 22 | 172601 – 180800 base | 13.5000% | 5.71x | — |
| 23 | 180801 – 189000 base | 14.0000% | 5.55x | — |
| 24 | 189001 – 197200 base | 14.5000% | 5.40x | — |
| 25 | 197201 – 205400 base | 15.0000% | 5.26x | — |
| 26 | 205401 – 213600 base | 15.5000% | 5.12x | — |
| 27 | 213601 – 221800 base | 16.0000% | 5.00x | — |
| 28 | 221801 – 230000 base | 16.5000% | 4.87x | — |
| 29 | 230001 – 238200 base | 17.0000% | 4.76x | — |
| 30 | 238201 – 246400 base | 17.5000% | 4.65x | — |
| 31 | 246401 – 254600 base | 18.0000% | 4.54x | — |
| 32 | 254601 – 262800 base | 18.5000% | 4.44x | — |
| 33 | 262801 – 271000 base | 19.0000% | 4.34x | — |
| 34 | 271001 – 279200 base | 19.5000% | 4.25x | — |
| 35 | 279201 – 287400 base | 20.0000% | 4.16x | — |
| 36 | 287401 – 295600 base | 20.5000% | 4.08x | — |
| 37 | 295601 – 303800 base | 21.0000% | 4.00x | — |
| 38 | 303801 – 312000 base | 21.5000% | 3.92x | — |
| 39 | 312001 – 320200 base | 22.0000% | 3.84x | — |
| 40 | 320201 – 328400 base | 22.5000% | 3.77x | — |
| 41 | 328401 – 336600 base | 23.0000% | 3.70x | — |
| 42 | 336601 – 344800 base | 23.5000% | 3.63x | — |
| 43 | 344801 – 353000 base | 24.0000% | 3.57x | — |
| 44 | 353001 – 361200 base | 24.5000% | 3.50x | — |
| 45 | 361201 – 369400 base | 25.0000% | 3.44x | — |
| 46 | 369401 – 377600 base | 25.5000% | 3.38x | — |
| 47 | 377601 – 385800 base | 26.0000% | 3.33x | — |
| 48 | 385801 – 394000 base | 26.5000% | 3.27x | — |
| 49 | 394001 – 402200 base | 27.0000% | 3.22x | — |
| 50 | 402201 – 410400 base | 27.5000% | 3.17x | — |
| 51 | 410401 – 418600 base | 28.0000% | 3.12x | — |
| 52 | 418601 – 426800 base | 28.5000% | 3.07x | — |
| 53 | 426801 – 435000 base | 29.0000% | 3.03x | — |
| 54 | 435001 – 443200 base | 29.5000% | 2.98x | — |
| 55 | 443201 – 451400 base | 30.0000% | 2.94x | — |
| 56 | 451401 – 459600 base | 30.5000% | 2.89x | — |
| 57 | 459601 – 467800 base | 31.0000% | 2.85x | — |
| 58 | 467801 – 476000 base | 31.5000% | 2.81x | — |
| 59 | 476001 – 484200 base | 32.0000% | 2.77x | — |
| 60 | 484201 – 492400 base | 32.5000% | 2.73x | — |
| 61 | 492401 – 500600 base | 33.0000% | 2.70x | — |
| 62 | 500601 – 508800 base | 33.5000% | 2.66x | — |
| 63 | 508801 – 517000 base | 34.0000% | 2.63x | — |
| 64 | 517001 – 525200 base | 34.5000% | 2.59x | — |
| 65 | 525201 – 533400 base | 35.0000% | 2.56x | — |
| 66 | 533401 – 541600 base | 35.5000% | 2.53x | — |
| 67 | 541601 – 549800 base | 36.0000% | 2.50x | — |
| 68 | 549801 – 558000 base | 36.5000% | 2.46x | — |
| 69 | 558001 – 566200 base | 37.0000% | 2.43x | — |
| 70 | 566201 – 574400 base | 37.5000% | 2.40x | — |
| 71 | 574401 – 582600 base | 38.0000% | 2.38x | — |
| 72 | 582601 – 590800 base | 38.5000% | 2.35x | — |
| 73 | 590801 – 599000 base | 39.0000% | 2.32x | — |
| 74 | 599001 – 607200 base | 39.5000% | 2.29x | — |
| 75 | 607201 – 615400 base | 40.0000% | 2.27x | — |
| 76 | 615401 – 623600 base | 40.5000% | 2.24x | — |
| 77 | 623601 – 631800 base | 41.0000% | 2.22x | — |
| 78 | 631801 – 640000 base | 41.5000% | 2.19x | — |
| 79 | 640001 – 648200 base | 42.0000% | 2.17x | — |
| 80 | 648201 – 656400 base | 42.5000% | 2.15x | — |
| 81 | 656401 – 664600 base | 43.0000% | 2.12x | — |
| 82 | 664601 – 672800 base | 43.5000% | 2.10x | — |
| 83 | 672801 – 681000 base | 44.0000% | 2.08x | — |
| 84 | 681001 – 689200 base | 44.5000% | 2.06x | — |
| 85 | 689201 – 697400 base | 45.0000% | 2.04x | — |
| 86 | 697401 – 705600 base | 45.5000% | 2.02x | — |
| 87 | 705601 – 713800 base | 46.0000% | 2.00x | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h (00:00 · 04:00 · 08:00 · 12:00 · 16:00 · 20:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Gate | MORPHO_USDT | 4h | +2.41% |
| Lighter | MORPHO | 8h | +10.51% |
| Aster | MORPHOUSDT | 4h | +10.95% |
| Binance | MORPHOUSDT | 4h | +10.95% |
| Bitget | MORPHOUSDT | 4h | +10.95% |
| Bybit | MORPHOUSDT | 4h | +10.95% |
| Hyperliquid | MORPHO | 1h | +10.95% |
| OKX this page | MORPHO-USDT-SWAP | 4h | +10.95% |
Common questions
What is the OKX MORPHO funding rate?
The latest collected OKX MORPHO funding rate is +0.0050% per 4h rate period, or +10.95% simple annualised. At this rate longs pay shorts.
How often is funding charged on OKX MORPHO?
The collected settlement interval is 4h, normally 6 times a day. Settlements fall at 00:00, 04:00, 08:00, 12:00, 16:00 and 20:00 UTC, the same times in UTC+8. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on OKX MORPHO?
The collected leverage cap for OKX MORPHO is 20x, with 87 margin tiers shown. The first margin tier, up to 8200 MORPHO, allows 20x; the second allows 15x.
What is the maintenance margin rate on OKX MORPHO?
The first tier requires 2.0000%, with 87 available tiers. The applicable requirement depends on the position’s tier. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
Which venue has the lowest MORPHO funding cost for longs?
For a long position, Gate currently has the lowest rate at +2.41% annualised; this page's OKX is at +10.95%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has OKX MORPHO funding paid over the past 30 days?
Settlements over the past 30 days annualise to +7.66% across 179 settlements, 13% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-10-21 21:57 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology
History coverage for this contract
179 settlements are available, covering 716 known-period hours, from 2026-09-22 00:00 to 2026-10-21 16:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.