MERL (MERLUSDT) funding rates by exchange
The current funding rate for every MERL perpetual we track, venue by venue, with 7-day and 30-day accumulated funding and the annualised rate. A positive rate means longs pay shorts.
- Exchanges
- 17
- Venue spread
- 0.019%
- Pays most
- XT.com
- 24h volume
- $15.4M
Right now XT.com pays +0.01% per 8 hours and OKX pays -0.0091% — that spread is what a funding-arbitrage position captures.
Right now 16 of the 17 MERL contracts carry a positive rate and the rest are negative. The sign itself differs by venue, which is the cleanest setup for a funding trade: collect on one leg instead of merely paying less on it.
Over the last 30 days the most MERL funding accumulated on BingX, at +1.03% — worth checking against the current rate, because the leader on accumulated funding is often not the leader today.
Funding history for MERL
Pick up to three venues below the chart, or click a row in the table. Drag to move through the history, scroll to zoom. Each dot is one settled day; above the dashed line the shorts are paid, below it the longs.
| Exchange | Contract | Current rate | APR | 7d sum | 30d sum | 30d trend | 24h volume |
|---|---|---|---|---|---|---|---|
 XT.com |
MERL-USDT | +0.005% | +7.1% | +0.23% | +0.89% | $5.6M | |
 Toobit |
MERL-USDT | +0.005% | +7.1% | +0.21% | +0.76% | $419K | |
 WEEX |
MERL-USDT | +0.005% | +7.1% | +0.21% | +0.77% | $194K | |
 Bybit |
MERL-USDT | +0.01% | +7.2% | +0.04% | +0.52% | $902K | |
 LBank |
MERL-USDT | +0.005% | +7.1% | +0.21% | +0.77% | $1M | |
 Binance |
MERL-USDT | +0.005% | +7.3% | +0.21% | +0.77% | $2.9M | |
 Hyperliquid |
MERL-USDT | +0.0013% | +7.7% | +0.05% | +0.64% | $203K | |
 Aster |
MERL-USDT | +0.005% | +7.3% | +0.18% | +0.26% | $9K | |
 KuCoin |
MERL-USDT | +0.005% | +7.1% | +0.20% | +0.88% | $62K | |
 Gate.io |
MERL-USDT | +0.01% | +7.3% | +0.21% | +0.90% | $124K | |
 WhiteBIT |
MERL-USDT | +0.005% | +7.2% | +0.21% | +0.90% | $328K | |
 Bitget |
MERL-USDT | +0.005% | +7.1% | +0.13% | +0.81% | $349K | |
 MEXC |
MERL-USDT | +0.005% | +6.6% | +0.21% | +0.77% | $197K | |
 Bitunix |
MERL-USDT | +0.005% | +7.1% | +0.21% | +0.78% | $134K | |
 BingX |
MERL-USDT | +0.005% | +7.3% | +0.24% | +1.03% | $799K | |
 BloFin |
MERL-USDT | +0.0021% | +0.7% | +0.21% | +0.75% | $4K | |
 OKX |
MERL-USDT | -0.0046% | -13.7% | +0.04% | +0.53% | $2.3M |
Click a column header to sort · use Columns to show or hide metrics
Rates come straight from exchange data and change at every settlement; APR annualises the current rate at the contract's own funding interval. Market data, not investment advice.
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RIVERFrequently asked questions
What is the MERL funding rate right now?
MERL funding currently ranges from +0.01% on XT.com down to -0.0091% on OKX per 8 hours — the table above lists every venue. A positive rate means long positions pay short positions at the next settlement; a negative rate means the reverse.
Which exchange pays the highest MERL funding?
At the moment XT.com shows the highest MERL funding rate. This changes at every settlement, so trust the live ranking above rather than any fixed answer.
How do you trade the MERL funding difference?
You hold offsetting positions on two venues — long where funding is negative, short where it is positive — so price exposure cancels out and you collect the difference at each settlement. On MERL that difference is currently 0.019% per 8 hours, before the trading fees on both legs.
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