MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Aster−0.344%72s7-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 BloFin

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. BloFin is 0.344% cheaper against Aster than usual: you would sell low and buy high (spread −0.344% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 41 days of funding at the current rate (+$1 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MERLUSDT	0.02743	0.0100	pay 0.0050% / 4h	6m 01s	$3K	$427	5x
Short	BloFin MERL-USDT	0.02734	0.0128	get 0.0064% / 4h	6m 01s	$120K	$3K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.344%Rate

Funding earned: $5.94
Price spread: −0.344% → 0.000%: −$34.43
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$48.5
Costs to cover: 0.200%
Break-even: 64.2 days

Slippage unknown: Aster: no order-book sample; BloFin: live order book, 54 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 BloFin live order book, 54 min ago	3.65 bp	28.4 bp −$28	82.3 bp −$823	doesn't fit	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	−0.0136%	1h	0.02726	−0.632%	$26K	$508K	50x	as long as short
Deribit MERL_USDC-PERPETUAL	0.0000%	1h	0.02744	+0.035%	$49K	$61K	10x	as long as short
Orderly PERP_MERL_USDC	+0.0099%	4h	0.02744	+0.020%	$14K	$2K	10x	as long as short
Hyperliquid MERL	+0.0100%	1h	0.02749	+0.195%	$440K	$133K	3x	as long as short
Aster MERLUSDTlong	+0.0100%	4h	0.02743	long leg	$3K	$427	5x
Binance MERLUSDT	+0.0100%	4h	0.02746	+0.111%	$1.8M	$2.1M	50x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02743	−0.016%	$1.3M	$2.5M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02743	−0.016%	$253K	$66K	25x	as long as short
MEXC MERL_USDT	+0.0100%	4h	0.02744	+0.020%	$14.4M	$117K	100x	as long as short
KuCoin MERLUSDTM	+0.0100%	4h	0.02742	−0.053%	$884K	$64K	30x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MERLUSDT	+0.0100%	4h	0.02753	+0.348%	$1.6M	$285K	25x	as long as short
Variational Omni MERL	+0.0100%	8h	0.02735	−0.303%	$9K	$188	—	as long as short
SunX MERL-USDT	+0.0100%	4h	0.02741	−0.089%	$1K	$1.0M	20x	as long as short
BloFin MERL-USDTshort	+0.0128%	4h	0.02734	−0.344%	$120K	$3K	50x
BingX MERL-USDT	+0.0606%	4h	0.02744	+0.020%	—	$6.6M	—	as long as short
Bybit MERLUSDT	+0.0674%	8h	0.02732	−0.417%	$1.2M	$446K	25x	as long as short