MERL Funding Rate and Open Interest on Binance
Live Binance MERL data from Binance's public API. Charts show Binance only; the table compares MERL on every tracked exchange.
Binance has $3.30M of MERL perpetual open interest, 54.3% of the $6.09M across the 7 exchanges counted in the MERL total here (#1). MERL funding on Binance is 0.0100% per 8 hours (≈11% APR), settles every 4 hours with a current interval quote of 0.0050%, in line with the OI-weighted average across exchanges. Binance MERL open interest changed +70.07% over the last 24h. $106K of Binance MERL positions were liquidated over the last 24 hours, 54.9% of it longs.
Binance MERL liquidations · last 24 hours
All liquidations →MERL markets on Binance
1 perp| Market | Price | Vol 24h | Open interest | OI 24h | Funding / 8h | APR | Interval / current quote | Trade |
|---|---|---|---|---|---|---|---|---|
| MERLUSDT perp | 0.03314 | $27.57M | $3.30M | +70.07% | 0.0100% | ≈11% APR | 4 hours · 0.0050% | Trade ↗ |
MERL funding on Binance
8h equivalent, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
MERL open interest on Binance
USD, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Seven completed days of MERL funding observations on Binance
Recorded funding history is loading. Reload shortly to see the observations. Live quotes and charts are independent of this table.
Daily mean of hourly observed 8-hour-equivalent funding, not settled payments or a cashflow sum. Each hour uses the chart's open-interest weighting across Binance MERL perpetual contracts (a plain mean when no positive OI is available). Stored rates are already normalized; today's settlement interval is not applied again. Coverage counts usable hourly buckets, not every five-minute sample. Missing hours are excluded, not zero.
Latest recorded funding settlements
MERLUSDT on Binance · native perpetual funding payments reported by the exchange. Latest 30 records at most, within the 30 days ending 2026-11-09 18:50:00.000 UTC. This ledger covers this contract only.
Settlement history is loading. Reload to see recorded payments when ready. Current quotes and observed funding history remain independent of this ledger.
Last 24 completed UTC hours of MERL open interest on Binance
Recorded hourly open interest is loading. Reload shortly to see the rows. Live figures and charts are independent of this table.
Each hour is the last recorded open interest per Binance MERL perpetual contract within that hour, summed across contracts, exactly as the Binance open interest chart above is built. A contract missing from an hour is carried forward from its last recorded value for at most four hours, as on the chart. These are recorded samples from Binance's public API, not a complete census of every open position nor a list of every freshly observed print. An hour without a recorded value is unavailable, not zero, and a change is shown only between two adjacent recorded hours whose earlier value is positive.
MERL on every exchange
MERL funding, all exchanges →| # | Exchange | Open interest | Share | Funding / 8h | APR | Perp vol 24h |
|---|---|---|---|---|---|---|
| 1 | Binance | $3.30M | 54.3% | 0.0100% | ≈11% APR | $27.57M |
| 2 | Bitget | $1.01M | 16.6% | 0.0100% | ≈11% APR | $1.77M |
| 3 | Bybit | $622K | 10.2% | 0.0100% | ≈11% APR | $4.65M |
| 4 | Hyperliquid | $588K | 9.7% | 0.0100% | ≈11% APR | $3.81M |
| 5 | KuCoin | $414K | 6.8% | 0.0100% | ≈11% APR | $333K |
| 6 | Gate | $145K | 2.4% | 0.0100% | ≈11% APR | $530K |
| 7 | Aster | $3,775 | 0.1% | 0.0100% | ≈11% APR | $39K |
| — | MEXC | $599K | not ranked | 0.0100% | ≈11% APR | $996K |
How it's counted. Open interest is the USD value of open MERL perpetual positions (one side) at the mark price. Funding is shown as the 8-hour equivalent so exchanges with 1-, 4- and 8-hour settlements compare directly; the interval column gives the current quoted rate for each market's native funding interval. This quote can change before settlement and does not prove a payment already occurred. HIP-3 markets that share the ticker are left out. Coverage: USDⓈ-M perps and, from 2026-09-28, COIN-M (inverse) perps; liquidations sampled: Binance publishes only the latest liquidation per symbol per 1000 milliseconds.
MERL on Binance FAQ
What is the MERL funding rate on Binance?
0.0100% per 8 hours (0.0050% per 4 hours, the current quote; ≈11% APR) is the MERL perpetual funding rate on Binance. Positive means longs pay shorts. The chart below shows Binance's MERL funding history only.
How often does Binance pay MERL funding?
Binance settles MERL funding every 4 hours; the 8-hour figures on this page are scaled to that interval for comparison. The current quote can change before settlement and does not prove a payment already occurred.
How much MERL open interest is on Binance?
$3.30M open MERL perpetual positions on Binance, valued at the current mark price and counted on one side. The comparison table shows every other exchange's share.
Where does the data come from?
Binance's public market-data API, read live by this site. Nothing here comes from paid data vendors.