Merlin Chain (MERL) Perpetual Futures Market Data
Merlin Chain (MERL) perpetual futures trade across 14 venues with $10.07M in 24-hour volume and $10.56M in aggregate open interest. The cross-venue average MERL mark price is $0.01959096.
The most active MERL venue is BINGX ($6.58M 24h volume, $1.07M OI). Funding rates across the venue set range from -14.00 bps to 1.00 bps.
Price dispersion is wide — MERL trades within a 1.96% band from $0.01949 on ASTER to $0.01987281 on PHEMEX.
MERL Exchange Breakdown
| Exchange | Price | 24h Volume | Open Interest | Funding (bps) | Funding APY |
|---|---|---|---|---|---|
| BINGX | $0.01954 | $6.58M | $1.07M | 1.00 bps | 10.95% APY |
| BINANCE | $0.01954 | $1.12M | $1.28M | 1.00 bps | 10.95% APY |
| OKX | $0.01955 | $947.81K | $881.85K | 1.00 bps | 10.95% APY |
| BYBIT | $0.01953 | $390.85K | $945.00K | 0.30 bps | 3.28% APY |
| MEXC | $0.01954 | $297.03K | $1.56M | 1.00 bps | 10.95% APY |
| HYPERLIQUID | $0.01955 | $225.55K | $395.76K | -3.50 bps | -38.32% APY |
| KUCOIN | $0.0196 | $197.34K | $1.34M | -14.00 bps | -153.30% APY |
| BITGET | $0.01968 | $94.54K | $1.24M | 0.20 bps | 2.19% APY |
| GATEIO | $0.01957 | $81.26K | $139.67K | 1.00 bps | 10.95% APY |
| PHEMEX | $0.01987281 | $81.01K | $1.55M | 1.00 bps | 10.95% APY |
| COINBASE INTL | $0.019721 | $47.23K | $14.00K | -2.70 bps | -29.57% APY |
| VARIATIONAL | $0.01954965 | $3.52K | $119.01K | 0.70 bps | 7.66% APY |
| WOOFIPRO | $0.01954 | $1.92K | $22.96K | 0.00 bps | 0.00% APY |
| ASTER | $0.01949 | $333.11 | $628.88 | 1.00 bps | 10.95% APY |
Last updated 2026-07-07T12:50:43Z (UTC).
Merlin Chain Funding Rates
Across exchanges over time (APY)
Merlin Chain Volume
Per exchange breakdown
Merlin Chain Open Interest
Per exchange breakdown
Merlin Chain Exchange Breakdown
Rank | Exchange | Price | Price (24h%) | Volume (24h) | Open Interest | Funding (8h) | Funding (7d Avg) | Liquidation (24h) | Trade |
|---|
| #1 |  BingX | $0.019540 | +1.9% | +0.0100% | +0.0170% | — | |||
| #2 |  Binance | $0.019540 | +1.8% | +0.0100% | +0.0100% | $1.12K | |||
| #3 |  OKX | $0.019550 | +1.7% | +0.0100% | +0.0100% | $1.38K | |||
| #4 |  Bybit | $0.019530 | +1.9% | +0.0030% | +0.0140% | $28.21 | |||
| #5 |  MEXC | $0.019540 | +1.8% | +0.0100% | +0.0100% | — | |||
| #6 |  Hyperliquid | $0.019550 | +2.0% | -0.0350% | +0.0080% | — | |||
| #7 |  KuCoin | $0.019600 | +1.9% | -0.1400% | +0.0450% | — | |||
| #8 |  Bitget | $0.019680 | +2.4% | +0.0020% | +0.0110% | — | |||
| #9 |  Gate.io | $0.019570 | +1.7% | +0.0100% | +0.0090% | — | |||
| #10 |  Phemex | $0.019873 | — | +0.0100% | +0.0100% | — | |||
| #11 |  Coinbase International | $0.019721 | +0.8% | -0.0270% | +0.0150% | — | |||
| #12 |  Variational | $0.019550 | +3.1% | +0.0070% | +0.0120% | — | |||
| #13 |  WOOFi Pro | $0.019540 | -0.7% | +0.0000% | — | — | |||
| #14 |  Aster | $0.019490 | -3.0% | +0.0100% | +0.0100% | — |
Related: MERL funding rate, MERL open interest, MERL volume.