MERL funding rate
Binance
+0.0050%
- Annualized
- +10.95%
- 7d avg (annual)
- —
- Next settlement
- · 4h
- Paid by longs over 30 days
- +0.010%
- Mark price
- 0.029098
- Contract
- MERLUSDT
OKX
+0.0050%
- Annualized
- +10.95%
- 7d avg (annual)
- +10.95%
- Next settlement
- · 4h
- Paid by longs over 30 days
- +0.445%
- Mark price
- 0.02906
- Contract
- MERL-USDT-SWAP
Funding rate history (annualized, 30 days)
BinanceOKX
MERL funding rate statistics, last 30 days
| Exchange | Settlements | Average (ann.) | Highest (ann.) | Lowest (ann.) | Positive share | Paid by longs over 30 days |
|---|---|---|---|---|---|---|
| OKX | 102 | +9.5% | +11.0% Sep 15, 2026 | -28.4% Sep 20, 2026 | 96% | +0.445% |
What the MERL funding rate means now
The MERL perpetual on Binance currently pays +0.0050% every 4 hours, about +11.0% annualized. The rate is positive, so longs pay shorts at each settlement.
On OKX the MERL perpetual pays +0.0050% every 4 hours, about +11.0% annualized. The 7-day average is +11.0%.
The current annualized gap between the two exchanges is 0.0%. Treat it as a reference only: arbitrage returns are reduced by fees and slippage, and rates and liquidation risk change every period.
You only pay or receive funding if you hold a position at the settlement time. Rates update every few minutes; check the exchange before trading.
MERL on Binance and OKX →Liquidation price calculator →Funding rates: Binance vs OKX →