Merlin Chain (MERL) Perpetual Futures Market Data
Merlin Chain (MERL) perpetual futures trade across 14 venues with $10.30M in 24-hour volume and $10.55M in aggregate open interest. The cross-venue average MERL mark price is $0.0196097.
The most active MERL venue is BINGX ($6.58M 24h volume, $1.08M OI). Funding rates across the venue set range from -16.40 bps to 1.00 bps.
Price dispersion is wide — MERL trades within a 1.70% band from $0.01949 on ASTER to $0.01982062 on PHEMEX.
MERL Exchange Breakdown
| Exchange | Price | 24h Volume | Open Interest | Funding (bps) | Funding APY |
|---|---|---|---|---|---|
| BINGX | $0.01961 | $6.58M | $1.08M | 1.00 bps | 10.95% APY |
| BINANCE | $0.0196 | $1.21M | $1.29M | 1.00 bps | 10.95% APY |
| OKX | $0.01961 | $1.01M | $880.33K | 1.00 bps | 10.95% APY |
| BYBIT | $0.01958 | $432.94K | $935.12K | 0.60 bps | 6.57% APY |
| MEXC | $0.01962 | $297.51K | $1.56M | 1.00 bps | 10.95% APY |
| HYPERLIQUID | $0.019606 | $233.06K | $394.15K | -3.20 bps | -35.04% APY |
| KUCOIN | $0.01963 | $210.24K | $1.33M | -16.40 bps | -179.58% APY |
| GATEIO | $0.01959 | $92.87K | $139.17K | 1.00 bps | 10.95% APY |
| BITGET | $0.01961 | $90.93K | $1.23M | 1.00 bps | 10.95% APY |
| PHEMEX | $0.01982062 | $86.68K | $1.55M | 1.00 bps | 10.95% APY |
| COINBASE INTL | $0.019609 | $47.72K | $14.00K | -2.60 bps | -28.47% APY |
| VARIATIONAL | $0.01956023 | $7.18K | $122.49K | 1.00 bps | 10.95% APY |
| WOOFIPRO | $0.0196 | $1.92K | $22.99K | 0.00 bps | 0.00% APY |
| ASTER | $0.01949 | $333.11 | $306.68 | 1.00 bps | 10.95% APY |
Last updated 2026-07-07T11:49:37Z (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 | $0.019610 | +0.0% | +0.0100% | +0.0170% | — | |||
| #2 |  Binance | $0.019600 | -0.1% | +0.0100% | +0.0100% | $921.97 | |||
| #3 |  OKX | $0.019610 | -0.1% | +0.0100% | +0.0100% | $1.38K | |||
| #4 |  Bybit | $0.019580 | -0.2% | +0.0060% | +0.0140% | $207.75 | |||
| #5 |  MEXC | $0.019620 | -0.1% | +0.0100% | +0.0100% | — | |||
| #6 |  Hyperliquid | $0.019606 | -0.2% | -0.0320% | +0.0080% | — | |||
| #7 |  KuCoin | $0.019630 | -0.4% | -0.1640% | +0.0470% | — | |||
| #8 |  Gate.io | $0.019590 | -0.3% | +0.0100% | +0.0090% | — | |||
| #9 |  Bitget | $0.019610 | -0.3% | +0.0100% | +0.0110% | — | |||
| #10 |  Phemex | $0.019821 | — | +0.0100% | +0.0100% | — | |||
| #11 |  Coinbase International | $0.019609 | +2.0% | -0.0260% | +0.0150% | — | |||
| #12 |  Variational | $0.019560 | -0.3% | +0.0100% | +0.0120% | — | |||
| #13 |  WOOFi Pro | $0.019600 | -0.4% | +0.0000% | — | — | |||
| #14 |  Aster | $0.019490 | -3.0% | +0.0100% | +0.0100% | — |
Related: MERL funding rate, MERL open interest, MERL volume.