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MERL Funding Rate on Hyperliquid

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As of 2026-10-03 15:58 UTC, the MERL perpetual on Hyperliquid pays 0.0013% per 1h, 0.0100% per 8 hours (10.95% APR), so longs pay shorts. That is the 13th highest of 17 exchanges shown, against a volume-weighted average of 0.0092% per 8 hours (10.09% APR). Over the last 7 days Hyperliquid averaged 0.0100% per 8 hours (10.95% APR). The next funding is at 2026-10-03 16:00 UTC.

Rate per 1h
0.0013%
Same rate per 8h
0.0100%
7-day average per 8h
0.0100%
Next funding
2026-10-03 16:00 UTC
Rank
13 of 17

MERL funding on Hyperliquid, per 8h

MERL funding on Hyperliquid, per 8 hours, hourly, last 7 days0.0000%0.0025%0.0050%0.0075%0.0100%13:0019:3002:0008:3015:00HW 0.0100%LW 0.0100%0.0100%

Compare Hyperliquid with other exchanges over 7 or 30 days

MERL funding arbitrage with Hyperliquid

LongBybit-0.0002%/8hShortHyperliquid0.0013%/1hFunding gap 0.0102% per 8h before fees

The widest pairing for Hyperliquid is long MERL on Bybit and short on Hyperliquid. Fees, slippage and the price basis between venues reduce the net return. Learn what a funding rate is.

MERL funding on every exchange

Showing 17 of 17

All MERL funding rates Hyperliquid funding rates

Frequently asked questions

What is the MERL funding rate on Hyperliquid?
0.0013% per 1h, or 0.0100% per 8 hours (10.95% APR), so longs pay shorts. The 7-day average is 0.0100% per 8 hours (10.95% APR).
How often does Hyperliquid pay MERL funding?
Every hour. The next payment is at 2026-10-03 16:00 UTC.
Is MERL funding on Hyperliquid higher than on other exchanges?
Hyperliquid is the 13th highest of 17 exchanges shown. The highest is XT.COM at 0.0050% per 4h (10.97% APR) and the lowest is Bybit at -0.0002% per 8h (-0.17% APR).
How do you arbitrage MERL funding with Hyperliquid?
Long MERL on Bybit and short on Hyperliquid for a gross spread of 0.0102% per 8 hours (11.12% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.