MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.3% APRnext payment −$0.20 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against SunX+0.036%7-day average +0.042% · 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−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.036%, 7d avg +0.042%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MERL-USDT	0.02791	0.0100	pay 0.0050% / 4h	2h 55m	$2K	$938K	20x
Short	BloFin MERL-USDT	0.02792	0.0060	get 0.0030% / 4h	2h 55m	$123K	$3K	50x

Funding history

latest

Range statsloading…

BloFin against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee SunXbpFee BloFinbpOrdersPrice spread, now +0.036%Rate

Slippage unknown: SunX: live order book, 27 min ago; BloFin: live order book, 23 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, 27 min ago	499.46 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 23 min ago	7.20 bp	26.4 bp −$26	89.1 bp −$891	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	−0.0272%	1h	0.02787	−0.129%	$25K	$651K	50x	as long as short
Deribit MERL_USDC-PERPETUAL	0.0000%	1h	0.02794	+0.118%	$51K	$44K	10x	as long as short
BloFin MERL-USDTshort	+0.0060%	4h	0.02792	+0.036%	$123K	$3K	50x
Orderly PERP_MERL_USDC	+0.0099%	4h	0.02792	+0.036%	$14K	$2K	10x	as long as short
Hyperliquid MERL	+0.0100%	1h	0.02794	+0.093%	$438K	$140K	3x	as long as short
Aster MERLUSDT	+0.0100%	4h	0.02795	+0.127%	$3K	$263	5x	as long as short
Binance MERLUSDT	+0.0100%	4h	0.02796	+0.196%	$1.9M	$1.9M	50x	as long as short
Bybit MERLUSDT	+0.0100%	8h	0.02791	0.000%	$1.2M	$395K	25x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02795	+0.143%	$1.3M	$2.0M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02790	−0.036%	$253K	$52K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MERL_USDT	+0.0100%	4h	0.02793	+0.072%	$14.6M	$118K	100x	as long as short
KuCoin MERLUSDTM	+0.0100%	4h	0.02791	0.000%	$894K	$39K	30x	as long as short
Bitget MERLUSDT	+0.0100%	4h	0.02796	+0.179%	$1.7M	$240K	25x	as long as short
BingX MERL-USDT	+0.0100%	4h	0.02792	+0.036%	—	$6.6M	—	as long as short
Variational Omni MERL	+0.0100%	8h	0.02787	−0.161%	$9K	$168	—	as long as short
SunX MERL-USDTlong	+0.0100%	4h	0.02791	long leg	$2K	$938K	20x