MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Bitget−0.073%7-day average −0.086% · you buy dearer than you sell

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

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.073%, 7d avg −0.086%

Together, before fees+0.233%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MERLUSDT	0.02753	0.0100	pay 0.0050% / 4h	31m 40s	$1.6M	$240K	25x
Short	Hyperliquid MERL	0.02751	0.0100	get 0.0013% / 1h	31m 40s	$432K	$134K	3x

Funding history

latest

Range statsloading…

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now −0.073%Rate

Slippage unknown: Bitget: live order book, 5 min ago; Hyperliquid: live order book, 58 min ago. Net counts fees only.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 5 min ago	5.47 bp	36.4 bp −$36	263.5 bp −$2,635	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 58 min ago	4.53 bp	doesn't fit	doesn't fit	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	−0.0232%	1h	0.02732	−0.752%	$29K	$503K	50x	as long as short
BloFin MERL-USDT	+0.0057%	4h	0.02747	−0.218%	$120K	$3K	50x	as long as short
Orderly PERP_MERL_USDC	+0.0099%	4h	0.02747	−0.218%	$14K	$2K	10x	as long as short
Hyperliquid MERLshort	+0.0100%	1h	0.02751	−0.073%	$432K	$134K	3x
Aster MERLUSDT	+0.0100%	4h	0.02746	−0.252%	$3K	$497	5x	as long as short
Binance MERLUSDT	+0.0100%	4h	0.02752	−0.036%	$1.8M	$2.0M	50x	as long as short
Bybit MERLUSDT	+0.0100%	8h	0.02744	−0.327%	$1.2M	$412K	25x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02750	−0.109%	$1.2M	$2.3M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02743	−0.363%	$251K	$60K	25x	as long as short
MEXC MERL_USDT	+0.0100%	4h	0.02750	−0.109%	$14.4M	$118K	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	0.02747	−0.218%	$884K	$41K	30x	as long as short
Bitget MERLUSDTlong	+0.0100%	4h	0.02753	long leg	$1.6M	$240K	25x
BingX MERL-USDT	+0.0100%	4h	0.02747	−0.218%	—	$6.6M	—	as long as short
Variational Omni MERL	+0.0100%	8h	0.02732	−0.780%	$9K	$168	—	as long as short
SunX MERL-USDT	+0.0100%	4h	0.02750	−0.109%	$2K	$987K	20x	as long as short
Deribit MERL_USDC-PERPETUAL	+0.0332%	1h	0.02749	−0.156%	$49K	$55K	10x	as long as short