MRK Funding Rate History — Settled Payments by Exchange
| Exchange | Settlements | Total Paid | Average APR | Largest | Smallest | Last Settled |
|---|---|---|---|---|---|---|
 Hotcoin | 94 | +0.9110% | +10.62% | +0.0952% | -0.0506% | 2026-10-01 00:02 UTC |
 HTX | 93 | +0.8950% | +10.55% | +0.0100% | +0.0013% | 2026-10-01 00:00 UTC |
 BloFin | 94 | +0.4856% | +5.66% | +0.0970% | -0.0501% | 2026-10-01 00:00 UTC |
 Toobit | 94 | +0.3766% | +4.39% | +0.0952% | -0.0506% | 2026-10-01 00:00 UTC |
 Phemex | 90 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
 Bybit | 90 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
 Bitget | 90 | +0.0000% | +0.00% | +0.0000% | +0.0000% | 2026-10-01 00:00 UTC |
 Gate.io | 90 | -0.0089% | -0.11% | +0.0000% | -0.0089% | 2026-10-01 00:00 UTC |
 OKX | 90 | -0.0305% | -0.37% | +0.0000% | -0.0305% | 2026-10-01 00:00 UTC |
 WEEX | 90 | -0.1917% | -2.33% | +0.0033% | -0.0107% | 2026-10-01 00:00 UTC |
 Bitunix | 90 | -1.0401% | -12.66% | +0.0014% | -0.0278% | 2026-10-01 00:00 UTC |
What the MRK funding rate means
What MRK actually paid over the last 30 days: 1,005 settlements across 11 venues, broken down venue by venue. These are settled payments — the amount an exchange actually charged or credited each funding interval — not the rate currently quoted for the next payment. Hotcoin paid the most over the window at +0.9110% of position size.
A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 29% of the 1,005 settlements recorded here, meaning longs paid shorts that often.
Over the window, settled totals ranged from +0.9110% on Hotcoin to -1.0401% on Bitunix — the gap between them is what a delta-neutral position collecting on both legs would have captured before fees and slippage. Verify the live version of this spread on the ORBIT funding screener before sizing a trade: settled history shows what already happened, not what will happen next.
Frequently asked questions
- Is the MRK funding rate a live quote or an actual payment?
- A funding rate quoted right now is a forecast of the next payment; what a position actually earned is the sum of payments that already settled. Two venues can quote a similar rate and still pay very differently over a month, because they settle on different schedules and compute the rate from their own order book rather than a shared index. The rate was positive in 29% of the 1,005 settlements recorded here.
- Which exchange has paid the most settled MRK funding recently?
- Hotcoin paid the most over the last 30 days at +0.9110% of position size across 94 settlements, an average annualized rate of +10.62%. This is a sum of actual payments, not a forecast.
- How often is MRK funding actually paid?
- Over the last 30 days, ORBIT recorded 1,005 funding settlements for MRK across 11 venues. Settlement schedules differ by venue — some pay hourly, others every 4 or 8 hours — so the number of payments per venue in the table above is not the same for all of them.