MERL Perpetual Funding Rates
Updated 13 min ago · annualized from current funding
As of 13 min ago, MERL perpetual funding is positive on every venue. The richest rate is +127% APR on Bybit — a long there pays roughly +0.349% per day while the rate holds (a short collects it). The cheapest is +11.0% APR on Hyperliquid. The widest market-neutral spread is +116% APR: long the MERL perp on Hyperliquid, short it on Bybit, and the position has no MERL price exposure — just the funding gap (before fees). Tracked open interest is around $392K.
Funding by venue
| Venue | Funding APR | Interval | Next |
|---|---|---|---|
| Binance (predicted) | +11.0% | 4h | 08:00 UTC |
| Bybit (predicted) | +127% | 8h | 08:00 UTC |
| OKX | not listed | — | — |
| Hyperliquid | +11.0% | 1h | — |
Cross-venue spread
Long MERL on Hyperliquid, short on Bybit → +116% APR gross, delta-neutral.
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