Merlin Chain (MERL) Funding Rate History
Merlin Chain (MERL) perpetual futures funding ranges from 1.00 bps on OKX to 2.70 bps on BINGX across 13 reporting venues, a spread of 1.70 bps. The most extreme rate (29.57% APY annualized) is on BINGX. Currently all venues currently report positive funding (longs paying shorts).
A non-zero funding rate spread between venues is the basis for delta-neutral funding arbitrage: long the cheaper-funding exchange and short the more expensive one to capture the spread without picking a side on MERL price.
MERL Per-Exchange Funding Rates
| Exchange | Current Funding (bps) | Funding APY | 7-Day Avg Funding (bps) | 24h Volume |
|---|---|---|---|---|
| BINGX | 2.70 bps | 29.57% APY | 3.30 bps | $6.70M |
| BYBIT | 2.40 bps | 26.28% APY | 2.80 bps | $1.04M |
| COINBASE INTL | 1.40 bps | 15.33% APY | 4.70 bps | $1.06M |
| VARIATIONAL | 1.40 bps | 15.33% APY | 2.00 bps | $4.34K |
| OKX | 1.00 bps | 10.95% APY | 1.00 bps | $3.05M |
| BINANCE | 1.00 bps | 10.95% APY | 1.00 bps | $2.49M |
| MEXC | 1.00 bps | 10.95% APY | 1.00 bps | $462.65K |
| HYPERLIQUID | 1.00 bps | 10.95% APY | 1.00 bps | $419.87K |
| BITGET | 1.00 bps | 10.95% APY | 1.90 bps | $342.98K |
| KUCOIN | 1.00 bps | 10.95% APY | 1.10 bps | $124.15K |
| GATEIO | 1.00 bps | 10.95% APY | 1.40 bps | $74.69K |
| ASTER | 1.00 bps | 10.95% APY | 1.10 bps | $9.68K |
| WOOFIPRO | 1.00 bps | 10.95% APY | 1.60 bps | $0 |
Last updated 2026-08-10T05:19:14Z (UTC).
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Related: MERL open interest, MERL volume, MERL perp market data.