MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Binance−0.076%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1231.234% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days−0.073%−$7 · spread now −0.076%, 7d avg −0.089%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MERLUSDT	0.02795	0.0100	pay 0.0050% / 4h	3h 30m	$1.9M	$2.0M	50x
Short	OKX MERL-USDT-SWAP	0.02793	0.0100	get 0.0050% / 4h	3h 30m	$1.3M	$2.4M	20x

Funding history

latest

Range statsloading…

OKX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BinancebpFee OKXbpOrdersPrice spread, now −0.076%Rate

Slippage from Binance: live order book, 4 min ago; OKX: live order book, 2 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	5.42 bp	28.6 bp −$29	242.9 bp −$2,429	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.80 bp	18.2 bp −$18	363.9 bp −$3,639	doesn't fit	doesn't fit

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	−0.0360%	1h	0.02790	−0.173%	$27K	$568K	50x	as long as short
BloFin MERL-USDT	+0.0054%	4h	0.02796	+0.031%	$122K	$3K	50x	as long as short
Orderly PERP_MERL_USDC	+0.0098%	4h	0.02793	−0.076%	$14K	$2K	10x	as long as short
Hyperliquid MERL	+0.0100%	1h	0.02795	+0.002%	$438K	$138K	3x	as long as short
Aster MERLUSDT	+0.0100%	4h	0.02793	−0.062%	$3K	$263	5x	as long as short
Binance MERLUSDTlong	+0.0100%	4h	0.02795	long leg	$1.9M	$2.0M	50x
Bybit MERLUSDT	+0.0100%	8h	0.02788	−0.255%	$1.2M	$418K	25x	as long as short
OKX MERL-USDT-SWAPshort	+0.0100%	4h	0.02793	−0.076%	$1.3M	$2.4M	20x
Gate MERL_USDT	+0.0100%	8h	0.02791	−0.148%	$254K	$55K	25x	as long as short
MEXC MERL_USDT	+0.0100%	4h	0.02794	−0.041%	$14.6M	$121K	100x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MERLUSDTM	+0.0100%	4h	0.02796	+0.031%	$898K	$40K	30x	as long as short
Bitget MERLUSDT	+0.0100%	4h	0.02797	+0.067%	$1.7M	$234K	25x	as long as short
BingX MERL-USDT	+0.0100%	4h	0.02794	−0.041%	—	$6.6M	—	as long as short
Variational Omni MERL	+0.0100%	8h	0.02788	−0.255%	$9K	$168	—	as long as short
SunX MERL-USDT	+0.0100%	4h	0.02791	−0.148%	$2K	$996K	20x	as long as short
Deribit MERL_USDC-PERPETUAL	+0.0502%	1h	0.02794	−0.037%	$51K	$56K	10x	as long as short