MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.106%

Price spread now: BingX against SunX0.000%7-day average −0.018% · 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+0.341%+$34 on $10k

Price spread, last 4 days (all we have)−0.347%−$35 · spread now 0.000%, 7d avg −0.018%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MERL-USDT	0.02754	0.0100	pay 0.0050% / 4h	28m 26s	$2K	$988K	20x
Short	BingX MERL-USDT	0.02754	0.0100	get 0.0050% / 4h	28m 26s	—	$6.6M	—

Funding history

latest

Range statsloading…

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Slippage unknown: SunX: live order book, 14 min ago; BingX: live order book, 8 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 SunX live order book, 14 min ago	503.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	5.49 bp	35.3 bp −$35	111.5 bp −$1,115	762.2 bp −$76.2K	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	−0.788%	$29K	$503K	50x	as long as short
Deribit MERL_USDC-PERPETUAL	0.0000%	1h	0.02755	+0.051%	$49K	$55K	10x	as long as short
Orderly PERP_MERL_USDC	+0.0099%	4h	0.02753	−0.036%	$14K	$2K	10x	as long as short
Hyperliquid MERL	+0.0100%	1h	0.02756	+0.084%	$433K	$134K	3x	as long as short
Aster MERLUSDT	+0.0100%	4h	0.02751	−0.099%	$3K	$497	5x	as long as short
Binance MERLUSDT	+0.0100%	4h	0.02755	+0.036%	$1.8M	$2.0M	50x	as long as short
Bybit MERLUSDT	+0.0100%	8h	0.02750	−0.145%	$1.2M	$411K	25x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02754	0.000%	$1.2M	$2.3M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02751	−0.109%	$252K	$60K	25x	as long as short
MEXC MERL_USDT	+0.0100%	4h	0.02754	0.000%	$14.4M	$119K	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	0.02755	+0.036%	$885K	$41K	30x	as long as short
Bitget MERLUSDT	+0.0100%	4h	0.02755	+0.036%	$1.6M	$240K	25x	as long as short
BingX MERL-USDTshort	+0.0100%	4h	0.02754	0.000%	—	$6.6M	—
Variational Omni MERL	+0.0100%	8h	0.02745	−0.326%	$9K	$168	—	as long as short
SunX MERL-USDTlong	+0.0100%	4h	0.02754	long leg	$2K	$988K	20x
BloFin MERL-USDT	+0.0125%	4h	0.02753	−0.036%	$120K	$3K	50x	as long as short