MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0510%/8h= −55.8% APRnext payment −$2.55 per $10,000 · paid last 24h −0.086%

Price spread now: Aster against BingX−0.012%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Aster

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MERL-USDT	0.02744	0.0610	pay 0.0305% / 4h	8m 09s	—	$6.6M	—
Short	Aster MERLUSDT	0.02744	0.0100	get 0.0050% / 4h	8m 09s	$3K	$427	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$107.1
Price spread: −0.012% → 0.000%: −$1.22
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$126.32
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Aster: no order-book sample. 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 BingX live order book, 4 min ago	5.49 bp	28.3 bp −$28	81.8 bp −$818	744.9 bp −$74.5K	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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	−0.652%	$26K	$508K	50x	as long as short
Deribit MERL_USDC-PERPETUAL	0.0000%	1h	0.02745	+0.047%	$49K	$61K	10x	as long as short
Orderly PERP_MERL_USDC	+0.0099%	4h	0.02744	0.000%	$14K	$2K	10x	as long as short
Hyperliquid MERL	+0.0100%	1h	0.02747	+0.120%	$440K	$133K	3x	as long as short
Aster MERLUSDTshort	+0.0100%	4h	0.02744	−0.012%	$3K	$427	5x
Binance MERLUSDT	+0.0100%	4h	0.02746	+0.076%	$1.8M	$2.1M	50x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02744	0.000%	$1.3M	$2.5M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02745	+0.036%	$253K	$66K	25x	as long as short
MEXC MERL_USDT	+0.0100%	4h	0.02745	+0.036%	$14.4M	$117K	100x	as long as short
KuCoin MERLUSDTM	+0.0100%	4h	0.02746	+0.073%	$885K	$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	0.02751	+0.255%	$1.6M	$285K	25x	as long as short
Variational Omni MERL	+0.0100%	8h	0.02729	−0.560%	$9K	$188	—	as long as short
SunX MERL-USDT	+0.0100%	4h	0.02741	−0.109%	$1K	$1.0M	20x	as long as short
BloFin MERL-USDT	+0.0155%	4h	0.02734	−0.364%	$120K	$3K	50x	as long as short
BingX MERL-USDTlong	+0.0610%	4h	0.02744	long leg	—	$6.6M	—
Bybit MERLUSDT	+0.0676%	8h	0.02736	−0.292%	$1.2M	$446K	25x	as long as short