# MERL Funding Rates

As of 2026-10-03 22:30 UTC, MERL perpetual funding averages 0.0098% per 8 hours (10.76% APR) across all 17 exchanges that list it, weighted by 24h volume (median 0.0100%). Highest: XT.COM at 0.0051% per 4h (11.15% 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 0.0035% per 8 hours (3.82% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [XT.COM](https://arbtide.com/funding-rates/merl/xt) | [MERL/USDT:USDT](https://www.xt.com/en/futures/trade/merl_usdt) | 0.0051% | 4h | 11.15% | 2026-10-04 00:00 UTC |
| [Binance](https://arbtide.com/funding-rates/merl/binance) | [MERL/USDT:USDT](https://www.binance.com/en/futures/MERLUSDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/merl/bybit) | [MERL/USDT:USDT](https://www.bybit.com/trade/usdt/MERLUSDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [OKX](https://arbtide.com/funding-rates/merl/okx) | [MERL/USDT:USDT](https://www.okx.com/trade-swap/merl-usdt-swap) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Bitget](https://arbtide.com/funding-rates/merl/bitget) | [MERL/USDT:USDT](https://www.bitget.com/futures/usdt/MERLUSDT) | 0.0050% | 4h | 10.95% | — |
| [Gate](https://arbtide.com/funding-rates/merl/gate) | [MERL/USDT:USDT](https://www.gate.com/futures/USDT/MERL_USDT) | 0.0100% | 8h | 10.95% | 2026-10-04 00:00 UTC |
| [KuCoin](https://arbtide.com/funding-rates/merl/kucoin) | [MERL/USDT:USDT](https://www.kucoin.com/trade/futures/MERLUSDTM) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [MEXC](https://arbtide.com/funding-rates/merl/mexc) | [MERL/USDT:USDT](https://www.mexc.com/futures/MERL_USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [BingX](https://arbtide.com/funding-rates/merl/bingx) | [MERL/USDT:USDT](https://bingx.com/en/perpetual/MERL-USDT) | 0.0050% | 4h | 10.95% | — |
| [WhiteBIT](https://arbtide.com/funding-rates/merl/whitebit) | [MERL/USDT:USDT](https://whitebit.com/trade/MERL-PERP?type=futures) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [LBank](https://arbtide.com/funding-rates/merl/lbank) | [MERL/USDT:USDT](https://www.lbank.com/futures/merlusdt) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/merl/weex) | [MERL/USDT:USDT](https://www.weex.com/futures/MERL-USDT) | 0.0050% | 4h | 10.95% | 2026-10-03 22:29 UTC |
| [Toobit](https://arbtide.com/funding-rates/merl/toobit) | [MERL/USDT:USDT](https://www.toobit.com/en-US/futures/MERL-SWAP-USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 00:00 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/merl/hyperliquid) | [MERL/USDC:USDC](https://app.hyperliquid.xyz/trade/MERL) | 0.0013% | 1h | 10.95% | 2026-10-03 23:00 UTC |
| [Aster](https://arbtide.com/funding-rates/merl/aster) | [MERL/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/MERLUSDT) | 0.0050% | 4h | 10.95% | — |
| [WOOFi Pro](https://arbtide.com/funding-rates/merl/woofipro) | [MERL/USDC:USDC](https://pro.woofi.com/en/trade/MERL_PERP) | 0.0049% | 4h | 10.81% | 2026-10-04 00:00 UTC |
| [Deepcoin](https://arbtide.com/funding-rates/merl/deepcoin) | [MERL/USDT:USDT](https://www.deepcoin.com/en/swap/MERL-USDT) | 0.0067% | 8h | 7.34% | — |

## 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 (11.15% APR). The lowest is Deepcoin at 0.0067% per 8h (7.34% APR).

### What is the MERL funding arbitrage spread?

The gross spread is 0.0035% per 8 hours (3.82% 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.