MerlinSwap (MP) Funding Rate History
MerlinSwap (MP) perpetual futures trade across 2 exchanges with an aggregate 24-hour volume of $410.26K and $9.90K in open interest. Leading venues for MP funding rate magnitude: VEST, BITGET.
MP Exchange Breakdown
| Exchange | Price (USD) | 24h Volume (USD) | Open Interest (USD) | Funding (bps) | Funding APY |
|---|---|---|---|---|---|
| BITGET | $64.36447096 | $410.26K | $0 | 0.10 bps | 1.09% APY |
| VEST | $63.91 | $0 | $9.90K | 0.50 bps | 5.47% APY |
Last updated 2026-05-13T22:03:10.169756Z (UTC).
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Related: MP open interest, MP volume, MP perp market data.
Why Track MP Funding Rate History?
Funding rates are periodic payments between long and short holders in MP perpetual futures. Positive rates mean longs pay shorts (bullish crowding); negative rates mean shorts pay longs (bearish crowding). By comparing MP funding history 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 MP Funding Metrics
- Current Rate: Live MP funding rate in basis points and annualized APY across all exchanges.
- Historical Chart: 30-day MP funding rate history with per-exchange overlays.
- Heatmap: Color-coded matrix showing MP funding intensity across exchanges and time periods.