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MERL coin detail

Funding gap per settlement window of the slower leg: a 1h leg's settlements are summed over the 4h/8h leg's window and then differenced, so both legs cover the identical span (tooltip shows the window, e.g. /4h). Above 0 = the short venue paid more over that window — a good pair stays above 0 most of the time. · 9 exchanges

ExchangeCurrent FR1D3D5D7D14D30D60D90DNext funding
Bybit8h+0.0100%+0.030%+0.161%+0.417%+0.477%+0.671%+1.098%+1.728%+1.888%5h 43m 28s
MEXC4h+0.0050%+0.030%+0.090%+0.150%+0.210%+0.420%+0.900%+1.601%+1.601%1h 43m 28s
Binance4h+0.0050%+0.030%+0.090%+0.150%+0.210%+0.420%+0.900%+1.675%+2.274%1h 43m 28s
Phemex4h+0.0050%+0.030%+0.090%+0.150%+0.210%+0.420%+0.720%+0.720%-0.160%1h 43m 28s
Bitget4h+0.0050%+0.030%+0.090%+0.150%+0.210%+0.420%+0.892%+1.335%+1.335%1h 43m 28s
Gate8h+0.0100%+0.030%+0.071%+0.131%+0.191%+0.582%+0.968%+0.619%+0.675%5h 43m 28s
Aster1h+0.0013%+0.030%+0.091%+0.151%+0.211%+0.421%+0.884%+1.331%+2.014%43m 28s
Hyperliquid1h+0.0009%+0.029%+0.075%+0.121%+0.137%+0.022%+0.022%+0.022%+0.022%43m 28s
OKX4h+0.0050%+0.023%+0.081%+0.141%+0.201%+0.362%+0.801%+1.211%+1.639%1h 43m 28s

Price difference

Mid-price gap between the short and long legs (short − long), sampled every 5 minutes (15-min beyond 7 days, 30-min beyond 30 days, hourly beyond 60 days).