MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Hyperliquid+0.025%7-day average +0.023% · you sell dearer than you buy

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−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.025%, 7d avg +0.023%

Together, before fees−0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MERL	0.02830	0.0100	pay 0.0013% / 1h	24m 17s	$468K	$156K	3x
Short	Gate MERL_USDT	0.02831	0.0100	get 0.0100% / 8h	24m 17s	$254K	$69K	25x

Funding history

latest

Range statsloading…

Gate against Hyperliquid. 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 HyperliquidbpFee GatebpOrdersPrice spread, now +0.025%Rate

Slippage unknown: Hyperliquid: live order book, 26 min ago; Gate: live order book, 7 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 Hyperliquid live order book, 26 min ago	3.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 7 min ago	5.33 bp	91.5 bp −$91	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
Deribit MERL_USDC-PERPETUAL	−0.0562%	1h	0.02832	+0.046%	$60K	$62K	10x	as long as short
Coinbase International MERL-PERP-INTX	−0.0328%	1h	0.02824	−0.205%	$15K	$594K	50x	as long as short
Orderly PERP_MERL_USDC	+0.0081%	4h	0.02830	−0.011%	$14K	$2K	10x	as long as short
Hyperliquid MERLlong	+0.0100%	1h	0.02830	long leg	$468K	$156K	3x
Aster MERLUSDT	+0.0100%	4h	0.02832	+0.057%	$4K	$5K	5x	as long as short
Binance MERLUSDT	+0.0100%	4h	0.02830	−0.011%	$1.9M	$2.5M	50x	as long as short
Bybit MERLUSDT	+0.0100%	8h	0.02825	−0.187%	$1.2M	$494K	25x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02829	−0.046%	$1.3M	$2.5M	20x	as long as short
Gate MERL_USDTshort	+0.0100%	8h	0.02831	+0.025%	$254K	$69K	25x
MEXC MERL_USDT	+0.0100%	4h	0.02830	−0.011%	$3.5M	$129K	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	0.02832	+0.060%	$893K	$47K	30x	as long as short
Bitget MERLUSDT	+0.0100%	4h	0.02834	+0.131%	$1.7M	$294K	25x	as long as short
BingX MERL-USDT	+0.0100%	4h	0.02831	+0.025%	—	$6.6M	—	as long as short
Variational Omni MERL	+0.0100%	8h	0.02822	−0.294%	$9K	$414	—	as long as short
SunX MERL-USDT	+0.0100%	4h	0.02832	+0.060%	$2K	$1.2M	20x	as long as short
BloFin MERL-USDT	+0.0155%	4h	0.02834	+0.131%	$125K	$4K	50x	as long as short