MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0556%/8h= +60.9% APRnext payment +$2.78 per $10,000 · paid last 24h +0.086%

Price spread now: BingX against Aster−0.029%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. BingX is 0.029% cheaper against Aster than usual: you would sell low and buy high (spread −0.029% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MERLUSDT	0.02714	0.0100	pay 0.0050% / 4h	1h 23m	$3K	$427	5x
Short	BingX MERL-USDT	0.02713	0.0656	get 0.0328% / 4h	1h 23m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee BingXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $116.84
Price spread: −0.029% → 0.000%: −$2.86
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $95.98
Costs to cover: 0.180%
Break-even: 1.2 days

Slippage unknown: Aster: no order-book sample; BingX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	7.38 bp	35.3 bp −$35	91.1 bp −$911	714.3 bp −$71.4K	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MERL on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MERL-PERP-INTX	−0.0128%	1h	0.02708	−0.198%	$26K	$505K	50x	as long as short
Orderly PERP_MERL_USDC	+0.0097%	4h	0.02714	+0.008%	$13K	$2K	10x	as long as short
Hyperliquid MERL	+0.0100%	1h	0.02718	+0.148%	$435K	$134K	3x	as long as short
Aster MERLUSDTlong	+0.0100%	4h	0.02714	long leg	$3K	$427	5x
Binance MERLUSDT	+0.0100%	4h	0.02715	+0.037%	$1.8M	$2.1M	50x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02710	−0.139%	$1.2M	$2.5M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02711	−0.102%	$250K	$66K	25x	as long as short
MEXC MERL_USDT	+0.0100%	4h	0.02714	+0.008%	$14.3M	$112K	100x	as long as short
KuCoin MERLUSDTM	+0.0100%	4h	0.02714	+0.008%	$875K	$65K	30x	as long as short
Bitget MERLUSDT	+0.0100%	4h	0.02720	+0.229%	$1.6M	$289K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MERL	+0.0100%	8h	0.02701	−0.483%	$9K	$163	—	as long as short
SunX MERL-USDT	+0.0100%	4h	0.02710	−0.139%	$1K	$999K	20x	as long as short
Deribit MERL_USDC-PERPETUAL	+0.0119%	1h	0.02714	+0.027%	$47K	$63K	10x	as long as short
BloFin MERL-USDT	+0.0158%	4h	0.02717	+0.119%	$120K	$3K	50x	as long as short
BingX MERL-USDTshort	+0.0656%	4h	0.02713	−0.029%	—	$6.6M	—
Bybit MERLUSDT	+0.0718%	8h	0.02704	−0.360%	$1.2M	$470K	25x	as long as short