Merlin Chain (MERL) Funding Rate | Live Chart & Heatmap

Compare Merlin Chain (MERL) perpetual funding rates across 25+ centralized and decentralized exchanges. View live rates, 30-day historical charts, and color-coded heatmaps to spot arbitrage opportunities.

MERL Funding Rates by Exchange

Track MERL funding rates on Binance, Bybit, OKX, Hyperliquid, Bitget, BingX, Gate.io, MEXC, KuCoin, Drift, and other exchanges. Identify which venues pay the highest or lowest MERL funding and how rates shift across different market conditions.

Why Track MERL Funding Rates?

Funding rates are periodic payments between long and short holders in MERL perpetual futures. Positive rates mean longs pay shorts (bullish crowding); negative rates mean shorts pay longs (bearish crowding). By comparing MERL funding across exchanges, traders can identify delta-neutral arbitrage strategies—going long on one exchange and short on another to capture the funding rate spread.

Key MERL Funding Metrics

• Current Rate: Live MERL funding rate in basis points and annualized APY across all exchanges.
• Historical Chart: 30-day MERL funding rate history with per-exchange overlays.
• Heatmap: Color-coded matrix showing MERL funding intensity across exchanges and time periods.