MORPHO/USDT
Last updated: 11/1/2026, 5:09:39 AM
Market calm across metrics
Pulse signals— velocity & rarity composite
What's moving fast right now. Independent from the static stress score.
Stress-score timeline
Aggregated Open Interest (All Exchanges)
Risk Signals (Extra)
Liquidation history
Positioning summary
Exactly one of the ~500 Hyperliquid accounts we track holds MORPHO: $170.9K short across 1 position. That is a single address, not the venue — everyone else's book is out of view. No tracked liquidation level sits within 60% of the $2.218 Hyperliquid mark. That is the 2026-11-02 13:00 UTC whale sweep; the interactive panel below reloads it on its own.
Open Interest
CoinalyzeFunding Rate
CoinalyzePer-exchange futures data▾
| Metric | Binance | Bybit | KuCoin |
|---|---|---|---|
| Price | $2.3343 | $2.335 | $2.3343 |
| OI (USD) | $14.05M | $8.02M | $753.85K |
| OI share | 61.6% | 35.1% | 3.3% |
| OI (tokens) | 6,020,320 | 3,434,350 | 322,944 |
| Funding rate | 0.0050% | — | — |
A dimmed exchange means the pair isn't listed there. Funding & long/short are Binance-only.
External Data (CoinMarketCap & Coinalyze)
Other BTC-trackers
MORPHO sits in the BTC-trackers cohort. These perpetuals trade alike, so their leverage tends to build and unwind the way MORPHO's does:
- HMSTR0.24-1.1%
- FOGO0.23-2.9%
- BAT0.23-4.6%
- MELANIA0.25+3.6%
- AT0.22+0.9%
- LINK0.11-1.5%
- PUMP0.09-1.4%
- MOVE0.01-3.0%
Stress score (0–1) and 24h price change, from the same daily sync as this page.
MORPHO perpetuals — common questions
Answered from this pair's current readings, refreshed with the daily sync.
What are MORPHO's current liquidation levels?
Across the exchanges we aggregate, $116.8K of MORPHO positions were actually liquidated in the last 24 hours. Binance does not publish per-account liquidation prices, so the honest read for MORPHOUSDT is the realised liquidation flow above plus the long/short split in the liquidation-history chart on this page — not a map of where stops sit.
How much open interest does MORPHO have right now?
Aggregated open interest in MORPHO perpetuals is $22.83M: $14.05M on Binance (62%), $8.02M on Bybit (35%) and $753.8K on KuCoin (3%). That position base is -1.8% over 24 hours and +7.5% over the last week. Open interest is 0.78× the pair's 24-hour volume, so positions are turning over faster than the book itself.
What is MORPHO's funding rate?
Binance settles MORPHOUSDT funding at 0.0050% every 8 hours, which annualises to roughly 5.5%. Funding is positive, so longs are paying shorts to keep the trade on — the crowd is leaning long and carrying a cost to do it. At that rate a $10,000 position on the long side pays about $1.50 a day to stay open.
Are whales long or short MORPHO?
We can only answer for the ~500 largest Hyperliquid accounts we track, and exactly one of them holds MORPHO: $170.9K short. One address is a data point, not a verdict — the rest of the venue is not visible to us. At the start of the tracked week that net figure was $608.7K short. These are real on-chain positions read off Hyperliquid, not a model output — roughly a third of Binance USDT-perps have a Hyperliquid market, and MORPHO is one of them.
Is MORPHO over-leveraged right now?
MORPHO's leverage-stress score is 0.237 out of 1.0, which we band as low risk. It blends three readings: how big the perp book is next to the token itself ($1.54B of market cap against $22.83M of open interest), how violently open interest is swinging against the funding rate, and how much of the book is already being force-closed ($116.8K in the last 24 hours). A high score means fragile, not bearish: it says a move would be violent, not which way it would go.
Has MORPHO seen heavy liquidations lately?
Over the last 30 complete days, 89% of the MORPHO notional that got liquidated was long positions and 11% was shorts, so the pain has been mostly on the long side. The most recent 24-hour total ranks in the 94th percentile of the last 90 days, meaning today is unusually heavy for this pair. The mirrored bar chart on this page plots the daily long/short split for the past year.
MORPHO/USDT (MORPHOUSDT) perpetual futures shows a leverage-stress score of 0.237 out of 1.0 (low risk), $22.83M in aggregated open interest across Binance, Bybit, KuCoin, a funding rate of 0.0050% as of Nov 1, 2026. These are diagnostic readings of market conditions, not a trade signal.