MERL funding rates and arbitrage
Updated 2026-10-30 01:49 UTC
Best MERL arbitrage after every cost
No MERL pair 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 funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| BingX | MERL-USDT | 0.0050% | 4 h | +10.9% | +13.3% | $325.7K | 2026-10-30 04:00 |
| KuCoin | MERLUSDTM | 0.0050% | 4 h | +10.9% | +11.1% | $504.2K | 2026-10-30 04:00 |
| Bybit | MERLUSDT | 0.0100% | 8 h | +10.9% | +10.6% | $831.9K | 2026-10-30 08:00 |
| WhiteBIT | MERL_PERP | 0.0050% | 4 h | +10.9% | +11.1% | $551.8K | 2026-10-30 04:00 |
| MEXC | MERL_USDT | 0.0050% | 4 h | +10.9% | +11.1% | $523.7K | 2026-10-30 04:00 |
| Bitget | MERLUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $1.6M | 2026-10-30 04:00 |
| OKX | MERL-USDT-SWAP | 0.0050% | 4 h | +10.9% | +9.2% | $1.3M | 2026-10-30 04:00 |
| WOO X | PERP_MERL_USDT | 0.0050% | 4 h | +10.9% | +11.1% | $1 | 2026-10-30 04:00 |
| LBank | MERLUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-30 04:00 |
| Bitunix | MERLUSDT | 0.0050% | 4 h | +10.9% | +11.1% | — | 2026-10-30 04:00 |
| Variational | MERL-PERP | 0.0100% | 8 h | +10.9% | — | $1.9K | 2026-10-30 08:00 |
| Aster | MERLUSDT | 0.0050% | 4 h | +10.9% | +8.9% | $1.8K | 2026-10-30 04:00 |
| Binance | MERLUSDT | 0.0050% | 4 h | +10.9% | +11.1% | $1.7M | 2026-10-30 04:00 |
| Hyperliquid | MERL | 0.0013% | 1 h | +10.9% | +10.7% | $516K | 2026-10-30 02:00 |
| Gate | MERL_USDT | 0.0100% | 8 h | +10.9% | +11.4% | $115.1K | 2026-10-30 08:00 |
| BloFin | MERL-USDT | 0.0023% | 4 h | +4.9% | +10.9% | $103.4K | 2026-10-30 04:00 |
Borrow MERL to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.27% | — |
| Gate | 4.65% | $10K |
| Bybit | 7.64% | — |
| OKX | 10.51% | — |
Cost to enter $10,000 of MERL
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| OKX | MERL-USDT-SWAP | 6.9 bp | top of book only |
| Binance | MERLUSDT | 8.7 bp | top of book only |
| Variational | MERL-PERP | 9.4 bp | top of book only |
| MEXC | MERL_USDT | 9.5 bp | top of book only |
| Bybit | MERLUSDT | 11.1 bp | top of book only |
| BingX | MERL-USDT | 12.5 bp | top of book only |
| BloFin | MERL-USDT | 13.5 bp | top of book only |
| Bitget | MERLUSDT | 19.1 bp | top of book only |
| Bybit | MERLUSDT (spot) | 19.3 bp | top of book only |
| Gate | MERL_USDT | 20.6 bp | top of book only |
| Bitget | MERLUSDT (spot) | 21.2 bp | top of book only |
| OKX | MERL-USDT (spot) | 21.2 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on MERL
Questions
Is MERL funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no MERL pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest MERL funding rate?
BingX at +10.9% a year (0.0050% every 4 h); the lowest is BloFin at +4.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
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.