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Merlin Chain — Live Price, Open Interest & Funding
#661 MERLMerlin Chain (MERL) is a blockchain cryptocurrency ranked #661 by market capitalisation. It is currently trading at $0.0203349, down 2.26% over the last 24 hours. The 24-hour range has stretched from $0.0194587 to $0.0207613. 24-hour volume reached 301M MERL (~$6.11M), with total turnover of $6.11M. Open interest on perpetual futures sits at 671M MERL ($13.64M), reflecting the size of leveraged positions still open. Average funding rate across 8 exchanges is +0.0093%, with longs paying shorts — typically a sign of bullish positioning. Market capitalisation is $28.29M, with a circulating supply of 1.4B MERL out of a maximum of 2.1B MERL. Merlin Chain launched in 2024. Live data is aggregated from 10 major exchanges including Binance, Bybit, OKX.
Markets
| Exchange | Price | Turnover 24h | Funding |
|---|---|---|---|
| Binance | $0.02034 | $1.5M | +0.005% |
| Bybit | $0.0203 | $359K | +0.01% |
| OKX | $0.0203 | $1.3M | +0.0041% |
| Bitget | $0.02033 | $427K | +0.005% |
| KuCoin | $0.0203 | $42K | +0.005% |
| MEXC | $0.02034 | $487K | +0.005% |
| HTX | $0.0204 | $1.2M | — |
| Gate | $0.02033 | $113K | +0.0388% |
| BingX | $0.02034 | $77K | — |
| Hyperliquid | $0.020339 | $103K | +0.0012% |
MERL technical analysis
as of 02.09.2026 03:01This is an automated summary of technical indicators, not investment advice. Crypto is highly volatile — make your own decisions.
Price changes
Key data
- Open interest
- 671M MERL ($13.64M)
- OI change
- 0.00% 1h +0.00% 24h
- OI / 24h turnover
- 2.23
- Where OI sits
- MEXC 56.9%, Binance 10.4%, Bitget 9.2%
- Turnover · 24h
- $6.11M
- Volume · 24h
- 301M MERL ($6.11M)
- Fully diluted market cap
- $28.29M
- Circulating supply
- 1.4B MERL
- Total supply
- 2.1B MERL
- Max. supply
- 2.1B MERL
Profile
- Rank
- #661
- Type
- Coin
- Category
- market.Blockchain
- Date Launched
- 04 Feb 2024
Links
Funding rate Merlin Chain
Funding is a payment between longs and shorts. Positive: longs pay shorts (bullish market), negative: shorts pay longs. Settlement intervals differ between venues, so each rate is shown alongside its 8-hour equivalent — the only form in which venues are comparable. The annualized figure assumes the current rate persists — arithmetic, not a forecast.
Where Merlin Chain positions were built
- 0.02457583 9.1%
- 0.02395083 0.6%
- 0.02374250 4.8%
- 0.02353417 1.0%
- 0.02332583 4.7%
- 0.02311750 7.8%
- 0.02290917 4.2%
- 0.02270083 2.1%
- 0.02249250 2.9%
- 0.02228417 1.6%
- 0.02207583 10.0%
- 0.02186750 1.0%
- 0.02165917 2.4%
- 0.02145083 4.1%
- 0.02124250 6.3%
- 0.02103417 6.5%
- 0.02082583 5.1%
- 0.02061750 10.5%
- 0.02040917 6.6%
- 0.02020083 3.3%
- 0.01999250 4.9%
- 0.01978417 0.5%
Positive open interest increases over the last 7 days, bucketed by the price of the hour they occurred in. It shows where leverage was added, not where anyone gets liquidated: the side of the position is absent from this data. Most was built around 0.02061750. Built by: MEXC 55%, OKX 14%, Binance 11%.
The snapshot is taken on the hour boundary, so a weekly map is 168 points, not a continuous series. A bucket price is the price of the hour, not of each trade inside it. Position closures are not included.
Merlin Chain Price & Volume by Exchange
| Exchange | Futures | Vs market | Spot | Open interest | Turnover 24h | Funding |
|---|---|---|---|---|---|---|
| Binance | $0.02034 | +0.05% | — | 70M | $1.5M | +0.005% |
| Bybit | $0.0203 | -0.15% | $0.02033 | 26M | $359K | +0.01% |
| OKX | $0.0203 | -0.15% | $0.02035 | 45M | $1.3M | +0.0041% |
| Bitget | $0.02033 | 0.00% | $0.02036 | 61M | $427K | +0.005% |
| KuCoin | $0.0203 | -0.15% | $0.02033 | 61M | $42K | +0.005% |
| MEXC | $0.02034 | +0.05% | $0.02035 | 382M | $487K | +0.005% |
| HTX | — | — | $0.0204 | — | $1.2M | — |
| Gate | $0.02033 | 0.00% | $0.02032 | 7.6M | $113K | +0.0388% |
| BingX | — | — | $0.02034 | — | $77K | — |
| Hyperliquid | $0.020339 | +0.04% | — | 18M | $103K | +0.0012% |
Futures and spot price comparison across major exchanges. A large spread between exchanges may signal arbitrage opportunity or liquidity imbalance.
Frequently asked questions
- What is the current price of Merlin Chain (MERL)?
- Merlin Chain (MERL) is currently trading at $0.0203349 USDT. The price updates every minute and is aggregated across the major crypto exchanges — Binance, Bybit, OKX, KuCoin, Bitget, BingX, MEXC, HTX, Gate.io and Hyperliquid — which removes single-venue outliers and gives a stable reference price you can use for alerts and cross-exchange comparison.
- Where is MERL traded?
- Merlin Chain (MERL) is currently tracked across 10 exchanges: Binance, Bybit, OKX, Bitget, KuCoin, MEXC, HTX, Gate, BingX, Hyperliquid — both USDT-M perpetual futures and USDT spot pairs where available. Data refreshes every minute, and each venue feeds the aggregated metrics (price, turnover, open interest, funding).
- What is the MERL funding rate now?
- Average MERL funding across 8 exchanges is +0.0093% — longs are paying shorts. Funding is a periodic payment between perpetual-contract sides that pins the perp price to spot; it is charged every 8 hours on most venues (some run 4-hour or 1-hour cycles). A positive rate means long positioning is dominant; sustained readings above +0.05% historically signal long-side overcrowding and frequently precede a long-squeeze — a sharp reversal as longs get force-liquidated.
- What is the MERL open interest now?
- Total MERL open interest across our tracked venues is 671M (~$13.64M in USD). Open interest is the aggregate notional of unsettled futures contracts (each contract is one long + one short, counted once). Rising OI with rising price confirms fresh money entering and trend strength; rising OI with falling price points to aggressive short build-up; falling OI signals position unwinding and weakening momentum. Watch OI live in the dashboard or set an OI-spike alert below.
- How can I get an alert on MERL price, OI or funding moves?
- JustScreener scans all 5,400+ coins on 10 exchanges every 60 seconds — there is no list of coins to configure. For price, OI or volume alerts use the Custom Screener; for funding — the Funding Screener. A Telegram or push notification fires the moment a rule triggers.