MERL$0.02814-7.14%Market Cap$39.35M
Circulating Supply1,391,178,548
Total Supply2,100,000,000
WebsiteWebsiteWhitepaper
Explorersscan.merlinchain.io
MERL$0.02814-7.14%Open Interest-6.34%$12.72M
Futures Volume+8.11%$14.04M
Liquidation+560.88%$36.20K
Long Liquidation+1357.70%$34.92K
Short Liquidation+4.91%$1.27K
MERL Long/Short All0.951
Binance Long/Short0.849
OKX Long/Short0.750
Bybit Long/Short0.796
Hyperliquid Long/Short0.731
Funding Rate
MERL OI-Weighted (4h)+0.0043%
Binance MERL/USDT (4h)+0.0050%
OKX MERL/USDT (4h)+0.0050%
Bybit MERL/USDT (8h)-0.0053%
Hyperliquid MERL/USD (1h)+0.0013%
L/S Ratio · 1HThe long/short ratio measures how futures traders are positioned by comparing the long side of a market to the short side — most commonly the number of accounts holding longs versus shorts. Learn more →0.95
Change · 1H—
Long %48.7%
Short %51.3%
MERL Long/Short Ratio Chart · Perpetual · Aggregated
Position Imbalance · vs 50% · per 1hlongs dominantshorts dominantMERL price
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View MERL liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more
Long/Short Ratio by Exchange · Top 105 by OI
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Exchanges MERL Long/Short Ratio
| Exchanges | % Long/Short | Ratio | Long Volume | Short Volume | |
|---|---|---|---|---|---|
| ΣAll Exchanges | 0.955 | $6.86M | $7.18M | ||
| BBingX | 0.991 | $3.27M | $3.30M | ||
| OOKX | 0.752 | $1.03M | $1.36M | Trade | |
| BBinance | 0.872 | $981.96K | $1.13M | Trade | |
| WWhiteBIT | 1.605 | $835.89K | $520.73K | ||
| BBybit | 0.776 | $251.55K | $324.09K | Trade | |
| BBitget | 0.960 | $230.41K | $240.13K | Trade | |
| MMEXC | 0.927 | $84.12K | $90.70K | Trade | |
| HHyperliquid | 0.742 | $72.65K | $97.87K | ||
| CCoinbase | 0.878 | $40.64K | $46.31K | ||
| GGate | 0.994 | $36.83K | $37.04K | Trade | |
| KKuCoin | 0.912 | $24.69K | $27.07K | Trade | |
| AAster | 0.311 | $1.90K | $6.12K |
Long/short ratio is taker buy vs sell volume (USD). Live candles update about every 10 seconds; intraday figures are finalized nightly.
Over the past 24 hours the MERL long/short ratio averages 0.951 — aggressive sellers outweigh buyers in taker flow. Put differently, 48.7% of MERL taker volume is long and 51.3% is short — MERL short positioning is above half the flow. On the most recent hour the ratio sits at 1.005, tilting further toward longs versus the daily average. Among individual exchanges, WhiteBIT shows the most one-sided positioning at 1.648. Learn more about how the long/short ratio works →
Compare long/short ratios across all coins →
About the MERL long/short ratio
The Merlin Chain long/short ratio (MERL long short ratio) divides taker buy volume by taker sell volume on MERL perpetual futures — the quickest read on whether Merlin Chain short or long positioning dominates. This page charts it from 5-minute up to daily candles, with a per-exchange breakdown below the chart.
A reading above 1 means aggressive buying dominates MERL taker flow; below 1, selling dominates. The aggregate covers every tracked derivatives exchange, excludes venues reporting no data, and refreshes continuously.
Frequently asked questions
What is the MERL long/short ratio right now?
Taker flow over the past 24 hours puts the MERL long/short ratio at 0.951, meaning sellers are in control of taker flow.
How much of MERL is short right now?
51.3% of MERL taker volume is short versus 48.7% long over the past 24 hours, a ratio of 0.951. The share bar above tracks the split live.
Which exchange is most one-sided on MERL?
WhiteBIT currently leans hardest toward longs with a 24-hour ratio of 1.648. The table below compares every venue.
What does a MERL long/short ratio of 0.951 mean?
The ratio divides taker buy volume by taker sell volume: above 1, aggressive buying dominates; below 1, selling dominates. At 0.951, MERL sell volume currently outweighs buy volume.
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