MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.089%

Price spread now: KuCoin against Bybit+0.289%7-day average +0.305% · you sell dearer than you buy

Net, funding: paid 7d − costs−$729as in the Funding arb table

Net, price: spread back to 7d avg − costs−$706as in the Price arb table

costs, in and out, $10k−$7047.044% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.289%, 7d avg +0.305%

Together, before fees−0.289%−$29 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MERLUSDT	0.02766	0.0100	pay 0.0100% / 8h	2h 26m	$1.2M	$386K	25x
Short	KuCoin MERLUSDTM	0.02774	0.0100	get 0.0050% / 4h	2h 26m	$888K	$40K	30x

Funding history

latest

Range statsloading…

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.289%Rate

Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 3 min ago.

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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	7.23 bp	173.1 bp −$173	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	25.10 bp	196.7 bp −$197	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	−0.0272%	1h	0.02760	−0.228%	$25K	$639K	50x	as long as short
Deribit MERL_USDC-PERPETUAL	−0.0075%	1h	0.02768	+0.065%	$54K	$45K	10x	as long as short
BloFin MERL-USDT	+0.0090%	4h	0.02777	+0.398%	$120K	$3K	50x	as long as short
Orderly PERP_MERL_USDC	+0.0097%	4h	0.02772	+0.217%	$14K	$2K	10x	as long as short
Hyperliquid MERL	+0.0100%	1h	0.02773	+0.246%	$438K	$142K	3x	as long as short
Aster MERLUSDT	+0.0100%	4h	0.02771	+0.180%	$3K	$1K	5x	as long as short
Binance MERLUSDT	+0.0100%	4h	0.02772	+0.212%	$1.9M	$1.8M	50x	as long as short
Bybit MERLUSDTlong	+0.0100%	8h	0.02766	long leg	$1.2M	$386K	25x
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02770	+0.145%	$1.3M	$1.9M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02769	+0.108%	$251K	$55K	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	0.02771	+0.181%	$14.5M	$120K	100x	as long as short
KuCoin MERLUSDTMshort	+0.0100%	4h	0.02774	+0.289%	$888K	$40K	30x
Bitget MERLUSDT	+0.0100%	4h	0.02773	+0.253%	$1.6M	$252K	25x	as long as short
BingX MERL-USDT	+0.0100%	4h	0.02770	+0.145%	—	$6.6M	—	as long as short
Variational Omni MERL	+0.0100%	8h	0.02762	−0.160%	$9K	$240	—	as long as short
SunX MERL-USDT	+0.0100%	4h	0.02768	+0.072%	$2K	$927K	20x	as long as short