MERL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid+0.084%7-day average +0.086% · 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+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.084%, 7d avg +0.086%

Together, before fees−0.244%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MERL	0.02743	0.0100	pay 0.0013% / 1h	47m 42s	$432K	$134K	3x
Short	Bitget MERLUSDT	0.02745	0.0100	get 0.0050% / 4h	47m 42s	$1.6M	$240K	25x

Funding history

latest

Range statsloading…

Bitget 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 BitgetbpOrdersPrice spread, now +0.084%Rate

Slippage unknown: Hyperliquid: live order book, 42 min ago; Bitget: live order book, 4 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, 42 min ago	4.53 bp	27.6 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.48 bp	22.6 bp −$23	157.4 bp −$1,574	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	0.02743	+0.026%	$29K	$505K	50x	as long as short
Deribit MERL_USDC-PERPETUAL	0.0000%	1h	0.02741	−0.055%	$49K	$55K	10x	as long as short
BloFin MERL-USDT	+0.0099%	4h	0.02735	−0.281%	$119K	$3K	50x	as long as short
Orderly PERP_MERL_USDC	+0.0099%	4h	0.02741	−0.062%	$14K	$2K	10x	as long as short
Hyperliquid MERLlong	+0.0100%	1h	0.02743	long leg	$432K	$134K	3x
Aster MERLUSDT	+0.0100%	4h	0.02740	−0.082%	$3K	$497	5x	as long as short
Binance MERLUSDT	+0.0100%	4h	0.02744	+0.042%	$1.8M	$2.0M	50x	as long as short
Bybit MERLUSDT	+0.0100%	8h	0.02735	−0.281%	$1.2M	$414K	25x	as long as short
OKX MERL-USDT-SWAP	+0.0100%	4h	0.02743	+0.011%	$1.2M	$2.3M	20x	as long as short
Gate MERL_USDT	+0.0100%	8h	0.02739	−0.135%	$252K	$59K	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	0.02743	+0.011%	$14.4M	$118K	100x	as long as short
KuCoin MERLUSDTM	+0.0100%	4h	0.02741	−0.062%	$883K	$40K	30x	as long as short
Bitget MERLUSDTshort	+0.0100%	4h	0.02745	+0.084%	$1.6M	$240K	25x
BingX MERL-USDT	+0.0100%	4h	0.02741	−0.062%	—	$6.6M	—	as long as short
Variational Omni MERL	+0.0100%	8h	0.02728	−0.553%	$9K	$188	—	as long as short
SunX MERL-USDT	+0.0100%	4h	0.02745	+0.084%	$1K	$984K	20x	as long as short