MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Hyperliquid−0.018%7-day average −0.033% · 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+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.018%−$2 · spread now −0.018%, 7d avg −0.033%

Together, before fees−0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MERL	0.02736	0.0100	pay 0.0013% / 1h	29m 56s	$429K	$138K	3x
Short	SunX MERL-USDT	0.02735	0.0100	get 0.0050% / 4h	2h 29m	$1K	$1.0M	20x

Funding history

latest

Range statsloading…

SunX 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 SunXbpOrdersPrice spread, now −0.018%Rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; SunX: live order book, 3 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, 10 min ago	4.03 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.73 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	0.02730	−0.212%	$26K	$499K	50x	as long as short
Deribit MERL_USDC-PERPETUAL	0.0000%	1h	0.02735	−0.007%	$49K	$61K	10x	as long as short
Orderly PERP_MERL_USDC	+0.0099%	4h	0.02735	−0.018%	$14K	$2K	10x	as long as short
Hyperliquid MERLlong	+0.0100%	1h	0.02736	long leg	$429K	$138K	3x
Aster MERLUSDT	+0.0100%	4h	0.02736	+0.004%	$3K	$427	5x	as long as short
Binance MERLUSDT	+0.0100%	4h	0.02738	+0.075%	$1.8M	$2.1M	50x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02733	−0.091%	$1.2M	$2.5M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02735	−0.018%	$251K	$61K	25x	as long as short
MEXC MERL_USDT	+0.0100%	4h	0.02736	+0.018%	$14.4M	$117K	100x	as long as short
KuCoin MERLUSDTM	+0.0100%	4h	0.02737	+0.055%	$882K	$65K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MERLUSDT	+0.0100%	4h	0.02737	+0.055%	$1.6M	$246K	25x	as long as short
Variational Omni MERL	+0.0100%	8h	0.02728	−0.271%	$9K	$188	—	as long as short
SunX MERL-USDTshort	+0.0100%	4h	0.02735	−0.018%	$1K	$1.0M	20x
Bybit MERLUSDT	+0.0108%	8h	0.02729	−0.238%	$1.2M	$429K	25x	as long as short
BingX MERL-USDT	+0.0166%	4h	0.02736	+0.018%	—	$6.7M	—	as long as short