Borrow MERL: rates on every exchange
Annualised margin borrow rates for MERL at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-30 00:27 UTC
MERL borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 1.26% | 1.24% | 1.13% | 1.26% | $130.8K | $13K | Borrowable |
| Gate | 4.61% | 4.65% | 5.06% | 4.65% * | $10K | not published | Borrowable |
| Bybit | 7.62% | 7.64% | 7.62% | 7.64% | $8.2K | not published | Borrowable |
| OKX | 10.00% | 10.47% | 9.40% | 10.47% | $5.3K | not published | Borrowable |
Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred).
Reverse carry on MERL: borrow and sell spot, long the perp
No reverse MERL carry nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
MERL perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | MERL |
Questions
Where is it cheapest to borrow MERL?
Bitget, at 1.26% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend MERL.
Can I earn negative funding on MERL by borrowing it?
Not right now: no reverse MERL carry covers its borrow interest, fees and slippage at $10,000 for 7 days.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.