Question 1

Which exchange has the highest MRK funding rate right now?

Accepted Answer

HTX shows the highest MRK funding at +10.96% annualized. A high positive rate means shorts get paid, so this is the venue to short MRK when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long MRK for funding?

Accepted Answer

BloFin has the lowest MRK funding at -2.78% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best MRK funding-arbitrage pair?

Accepted Answer

The widest spread is long BloFin / short HTX at about 13.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does MRK funding settle?

Accepted Answer

MRK funding settles every 8h. Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is MRK funding positive or negative?

Accepted Answer

MRK funding is mixed across venues, ranging -2.78% to +10.96% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current MRK perpetual swap funding rate?

Accepted Answer

The current MRK perpetual swap funding rate ranges from -2.78% to +10.96% annualized depending on the exchange — BloFin is lowest and HTX is highest right now. There is no single MRK funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated MRK funding rate across exchanges?

Accepted Answer

Aggregated across the 13 venues ORBIT tracks, MRK funding currently spans -2.78% to +10.96% APR, a spread of 13.7 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the MRK 8h funding rate versus the annualized rate?

Accepted Answer

Venues that settle MRK every 8 hours quote the per-payment rate, which is charged three times a day. Multiply an 8h rate by 3 to get the daily figure and by 1,095 to annualize it. ORBIT converts every venue — 1h, 4h and 8h alike — to a common APR so an 8h rate and a 1h rate can be compared directly.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
HTXBest Short	+10.96%	8h	$5K	$145.855
Hotcoin	+10.96%	8h	$14K	$145.39
WEEX	+0.58%	8h	$9K	$145.48
Bybit	+0.00%	8h	$117K	$145.45
OKX	+0.00%	8h	$47K	$145.52
Bitget	+0.00%	8h	$261K	$145.48
Gate.io	+0.00%	8h	$62K	$145.2
Toobit	+0.00%	8h	$24K	$145.67
CoinW	+0.00%	8h	—	$148.1
LBank	+0.00%	8h	—	$145.48
Phemex	+0.00%	8h	$172K	$145.43
Bitunix	-2.27%	8h	—	$145.34
BloFinBest Long	-2.78%	8h	$43K	$145.49

MRK Perpetual Swap Funding Rate by Exchange

How MRK funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

MRK funding rates explained

Frequently asked questions