# MERL Funding Rate on Hyperliquid

As of 2026-10-04 05:50 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 14th highest of 17 exchanges shown, against a volume-weighted average of 0.0097% per 8 hours (10.65% APR). Over the last 7 days Hyperliquid averaged 0.0104% per 8 hours (11.43% APR). The next funding is at 2026-10-04 06:00 UTC.

## Funding on every 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) | 0.0050% | 4h | 11.02% | 2026-10-04 08:00 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 08:00 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 08:00 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 08:00 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 08:00 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 08:00 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 08:00 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 08:00 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 08:00 UTC |
| [WEEX](https://arbtide.com/funding-rates/merl/weex) | [MERL/USDT:USDT](https://www.weex.com/futures/MERL-USDT) | 0.0050% | 4h | 10.95% | 2026-10-04 05:50 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 08:00 UTC |
| [Hyperliquid](https://arbtide.com/funding-rates/merl/hyperliquid) | [MERL/USDC:USDC](https://app.hyperliquid.xyz/trade/MERL) | 0.0013% | 1h | 10.95% | 2026-10-04 06:00 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 | 10.70% | 2026-10-04 08:00 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

### 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 0.0104% per 8 hours (11.43% APR).

### How often does Hyperliquid pay MERL funding?

Every hour. The next payment is at 2026-10-04 06:00 UTC.

### Is MERL funding on Hyperliquid higher than on other exchanges?

Hyperliquid is the 14th highest of 17 exchanges shown. The highest is XT.COM at 0.0050% per 4h (11.02% APR) and the lowest is Deepcoin at 0.0067% per 8h (7.34% APR).

### How do you arbitrage MERL funding with Hyperliquid?

Long MERL on Deepcoin and short on Hyperliquid for a gross spread of 0.0033% per 8 hours (3.61% APR). Trading fees, slippage and the price basis between the two venues reduce the net return.