24h volume$169,869,044,389+96.24%Open interest$131,090,081,463+1.19%Liquidations 24h$151,208,214Longs/Shorts 24h49.64%/50.36%US 30Y5.293%−0.022US debt$40.44T+$30.7B
trifolio

← Arbitrage & Funding

MERL Funding Rates

7 exchanges · updated 26 Oct, 18:26 UTC

MERL perpetual funding on 7 exchanges, a year (APR): positive means longs pay shorts.

Highest now11.0%HyperliquidLowest now11.0%BingXOpen interest$7.3M24h volume$10.1M
Best pair over 7 days
Long MEXC · Short BingX · 2.1% a year, −5.2% after fees
Open in Arbitrage
Funding by exchange· highest first
ExchangeNow24h7 daysPayoutPriceOpen interest24h volume
HyperliquidDEX 11.0%+0.0013% / 1h 11.0% 7 days10.8%paid 99% of hours hourlynext 19:00 UTC 0.027648 $547K $159K Trade
BinanceCEX 11.0%+0.0050% / 4h 11.0% 7 days10.9%paid 100% of hours every 4hnext 20:00 UTC 0.02769 $1.8M $1.2M Trade
BybitCEX 11.0%+0.0100% / 8h 10.6% 7 days10.5%paid 99% of hours every 8hnext 00:00 UTC 0.027635 $822K $233K Trade
OKXCEX 11.0%+0.0050% / 4h 10.5% 7 days10.0%paid 98% of hours every 4hnext 20:00 UTC 0.027625 $1.4M $1.6M Trade
BitgetCEX 11.0%+0.0050% / 4h 11.0% 7 days10.9%paid 100% of hours every 4hnext 20:00 UTC 0.02767 $1.6M $276K Trade
MEXCCEX 11.0%+0.0050% / 4h 11.0% 7 days10.7%paid 98% of hours every 4hnext 20:00 UTC 0.02771 $477K $124K Trade
BingXCEX 11.0%+0.0050% / 4h 11.6% 7 days12.8%paid 100% of hours every 4hnext 20:00 UTC 0.027655 $660K $6.5M Trade
Best pairs· after taker fees in and out over a 7-day hold
Pair7 daysAfter feesPrice spreadLiquidity
LongMEXCShortBingX
CEX ↔ CEX · thin market		 2.1% −5.2%fees 0.14% Price spread−0.29%usual −0.072% $477K Open
LongOKXShortMEXC
CEX ↔ CEX · thin market		 0.7% −6.6%fees 0.14% Price spread+0.18%usual +0.16% $477K Open
LongMEXCShortHyperliquid
DEX ↔ CEX · thin market		 0.1% −6.7%fees 0.13% Price spread−0.48%usual −0.039% $477K Open
LongBinanceShortMEXC
CEX ↔ CEX · thin market		 0.1% −7.2%fees 0.14% Price spread−0.036%usual 0.000% $477K Open
LongBybitShortMEXC
CEX ↔ CEX · thin market		 0.2% −7.6%fees 0.15% Price spread+0.11%usual +0.13% $477K Open
LongOKXShortBingX
CEX ↔ CEX · thin market		 2.8% −7.6%fees 0.20% Price spread+0.036%usual +0.067% $660K Open
LongHyperliquidShortBingX
DEX ↔ CEX · thin market		 2.0% −7.9%fees 0.19% Price spread−0.20%usual −0.021% $547K Open
LongMEXCShortBitget
CEX ↔ CEX · thin market		 0.3% −8.0%fees 0.16% Price spread−0.33%usual −0.065% $477K Open
LongBybitShortBingX
CEX ↔ CEX · thin market		 2.4% −8.5%fees 0.21% Price spread−0.036%usual +0.045% $660K Open
LongBinanceShortBingX
CEX ↔ CEX · thin market		 1.9% −8.5%fees 0.20% Price spread−0.18%usual −0.080% $660K Open
Other coins
ZECSOLXRPBTCHYPEXAUTWLFIETHPUMPENABNBTAOXMRASTERTRXBCHLTCDOGEVVVNEARZROAVAXUNILINKAAVEADAXPLONDOSUILITPEPE币安人生INJHBARARBPAXG

Funding from each exchange’s API, refreshed every minute; averages from our hourly records. Links to exchanges are referral links. This is information, not financial advice.