MERL live: funding rate, open interest, liquidations & volume spikes
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Since yesterday
OI 24h: now vs 24h ago. Funding 24h: mean 8h-equivalent rate, last 24h vs the 24h before, hourly recorded history. Long accounts 24h: latest vs 24h earlier, hourly recorded history. Liquidations 24h: last 24h vs the 24h before, hourly recorded history. Recorded, refreshed every 15 minutes.
Live market summary
MERL trades on 8 exchanges tracked by Swolecharts (Aster, Binance, Bitget, Bybit, Gate, Hyperliquid, KuCoin and MEXC) across 8 perpetual futures and 1 spot market. The last price is 0.02855 USDT on Binance (+1.82% in the last hour), and 24h volume is $7.83M ($7.44M perps, $395K spot). Perpetual open interest totals $4.50M. The OI-weighted funding rate is 0.0100% per 8h (≈11% APR), so longs pay shorts. $19K of MERL positions were liquidated on Binance, Bitget, Bybit, Gate and Aster in the last 24 hours, 83% longs and 17% shorts. The scanner flagged 2 volume spikes on MERL in the last 24 hours.
MERL open interest, funding, liquidations and long/short history
· From recorded history, hourly
MERL open interest is $4.50M, up 17.5% over the past 7 days, and down 14.8% in the last 24 hours. MERL recorded funding quotes have averaged 0.0072% per 8 hours over the past 7 days (≈8% APR, annualized quote). Recorded hourly quote readings were 92% positive, 8% negative and 0% zero. $432K of MERL positions were liquidated over the past 7 days: $308K longs (71.2%) and $125K shorts. The biggest hour was 20:00 UTC on 10 Nov, with $118K. 63.7% of MERL trader accounts on Binance and Bybit are net long, up 0.1 points over the past 3 days (from 63.6%).
MERL price
Loading chart…
Not recorded Chart: TradingView Lightweight Charts™
MERL open interest
All perps, USDLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
MERL funding rate
OI-weighted, 8hLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
MERL liquidations
Longs up, shorts downLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
MERL CVD and taker flow
Spot vs perp, from range start · bars: net taker buysLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
MERL markets: funding rate & open interest by exchange
Funding as 8h equivalent (hover for APR) · OI changes need history| Market | Price | Price 1h | Price 24h | 24h volume | Funding 8h | Open interest, USD | OI 1h | OI 4h | OI 24h | Trade |
|---|---|---|---|---|---|---|---|---|---|---|
| BinanceperpMERLUSDT | 0.02855 | +1.82% | -7.90% | $4.83M | 0.0100% | $2.33M | +1.78% | -5.56% | -18.81% | Trade |
| BitgetperpMERLUSDT | 0.02855 | +2.18% | -7.81% | $610K | 0.0100% | $884K | +1.71% | -2.42% | -9.06% | Trade |
| BybitperpMERLUSDT | 0.02854 | +1.86% | -7.82% | $1.10M | 0.0100% | $409K | +2.96% | -5.03% | -21.45% | Trade |
| KuCoinperpMERLUSDTM | 0.02859 | +2.14% | -7.80% | $160K | 0.0100% | $406K | +2.11% | -3.16% | -2.57% | Trade |
| MEXCperpMERL_USDT | 0.02857 | +2.04% | -7.81% | $318K | 0.0100% | $398K * | +11.25% | -1.51% | -29.01% | Trade |
| HyperliquidperpMERL | 0.02864 | +2.41% | -7.54% | $225K | 0.0100% | $355K | +1.72% | -1.56% | -6.46% | Trade |
| GateperpMERL_USDT | 0.02859 | +2.22% | -7.65% | $180K | 0.0100% | $121K | +2.69% | -3.37% | -4.47% | Trade |
| AsterperpMERLUSDT | 0.02861 | +2.38% | -7.63% | $19K | 0.0100% | $6,405 | -15.06% | -29.30% | +237.18% | Trade |
| BybitspotMERLUSDT | 0.02858 | +2.00% | -7.66% | $395K | — | — | — | — | — | Trade |
Trade links go to the exchange and may be referral links.
Bybit Trade on Bybit
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MERL long/short ratio
All coins' long/short ratios →| Series | Now | 24h |
|---|
Share of longs; changes in percentage points (pp). Accounts = share of accounts with a net long position; top trader accounts = the same for the exchange's top traders (Binance: top 20% by margin); top trader positions = share of their combined position that is long; top traders vs accounts = top trader positions long minus accounts long, in pp (negative: the big traders are less long than the crowd); taker buys = share of the last 5 minutes' taker volume that bought. New points every 5 minutes; 24h history backfilled from the exchanges. Gate, Bitget and HTX are tracked for the top 50 coins.
No current long/short ratio observations are available for MERL. Feed coverage may be absent or observations may be delayed or expired. See the coins that are tracked →
MERL volume spikes
See live spikes for all coins →MERL had 2 volume spikes in the last 24 hours, but none are in the recent live list. The recorded total includes spikes outside this list. New ones appear here live.
| Time | Venue | Type | Side | $ in 1m | × normal | Buy % | +5m | +15m | +1h |
|---|
Newest first, up to 100. +5m / +15m / +1h show the price change after each spike and fill in as time passes. They describe the past, not a prediction.
MERL liquidations: long vs short
All liquidations →| Window | Longs | Shorts | Long / short | Count |
|---|---|---|---|---|
| 1h | $0 | $0 | 0 | |
| 4h | $9,344 | $0 | 33 | |
| 24h | $16K | $3,118 | 64 |
Biggest MERL liquidations, 24h
- BINLONG$2,694@ 0.0304118h ago
- BINSHORT$1,952@ 0.0304122h ago
- BINLONG$1,911@ 0.029004h ago
- BINLONG$1,906@ 0.029014h ago
- BYBLONG$1,057@ 0.027642h ago
Latest
- No recent MERL liquidations.
From the public liquidation feeds of Binance, Bitget, Bybit, Gate and Aster. KuCoin, MEXC and Hyperliquid do not publish liquidations, so MERL perps there are not counted. Binance, Bitget and Aster publish only a sample of liquidations (Binance at most one per symbol per second), so totals are a lower bound. A long liquidation is a forced sell; a short liquidation is a forced buy.
About the MERL numbers
MERL funding rate
Perpetual futures have no expiry, so exchanges keep their price close to spot with periodic funding payments between longs and shorts. A positive MERL funding rate means longs pay shorts (more demand for leveraged longs); negative means shorts pay longs. Rates here are converted to an 8-hour equivalent so exchanges with 1h, 4h and 8h intervals compare directly, and the headline figure is weighted by each exchange's open interest.
MERL open interest
Open interest is the USD value of all open MERL perpetual positions. Rising OI alongside a price move means new positions are opening; falling OI means positions are closing (including liquidations). OI changes are measured from 5-minute snapshots.
MERL liquidations
A liquidation is a leveraged position the exchange closed by force. Long liquidations are forced sells that hit when price drops; short liquidations are forced buys when price rises. The long/short split shows which side was caught.
MERL volume spikes
A spike is a minute where one MERL market traded at least 4× its normal minute volume, with a size floor. Buy % is the share of taker buys. The +5m / +15m / +1h columns show what price did afterwards. They are history, not a signal. Not financial advice.