MERL Funding Rates: Live Across 17 Exchanges

As of 2026-10-03 09:38 UTC, MERL perpetual funding averages 0.0098% per 8 hours (10.72% APR) across all 17 exchanges that list it, weighted by 24h volume (median 0.0100%). Highest: XT.COM at 0.0051% per 4h (11.10% APR). Lowest: Deepcoin at 0.0067% per 8h (7.34% APR). Going long on Deepcoin and short on XT.COM collects a gross spread of 0.0034% per 8 hours (3.76% APR) before fees.

Long MERL on Deepcoin and short on XT.COM for a funding gap of 0.0034% per 8 hours. Trading fees, slippage and the price basis between venues reduce the net return; the funding table shows it after fees for your size. See how this gap moved. Learn how funding rate arbitrage works and what a funding rate is.

Frequently asked questions

Is the MERL funding rate positive right now?

Yes. MERL funding is positive on 17 of the 17 exchanges, which means longs are paying shorts on those venues.

Which exchange has the highest MERL funding rate?

XT.COM at 0.0051% per 4h (11.10% APR). The lowest is Deepcoin at 0.0067% per 8h (7.34% APR).

What is the MERL funding arbitrage spread?

The gross spread is 0.0034% per 8 hours (3.76% APR): long MERL on Deepcoin and short on XT.COM. Trading fees, slippage and price basis reduce the net return.

How often is MERL funding paid?

MERL funding is paid every 8 hours on Bybit, Gate, and Deepcoin; every 4 hours on XT.COM, Binance, OKX, Bitget, KuCoin, MEXC, BingX, WhiteBIT, LBank, WEEX, Toobit, Aster, and WOOFi Pro; every hour on Hyperliquid. Rates on this page are also shown as APR so they can be compared directly.