MERL$0.02774-8.60%Market Cap$38.69M
Circulating Supply1,391,178,548
Total Supply2,100,000,000
WebsiteWebsiteWhitepaper
Explorersscan.merlinchain.io
MERL$0.02774-8.60%Open Interest-8.21%$12.53M
Futures Volume+5.72%$14.37M
Liquidation+1039.48%$37.37K
Long Liquidation+2224.27%$36.10K
Short Liquidation-33.48%$1.27K
MERL Long/Short All0.925
Binance Long/Short0.830
OKX Long/Short0.763
Bybit Long/Short0.765
Hyperliquid Long/Short0.581
Funding Rate
MERL OI-Weighted (4h)+0.0050%
Binance MERL/USDT (4h)+0.0050%
OKX MERL/USDT (4h)+0.0050%
Bybit MERL/USDT (8h)+0.0100%
Hyperliquid MERL/USD (1h)+0.0013%
Futures volume · 1DTrading volume is the total value of futures contracts traded during a given period, counting every buy and sell that occurs. Learn more →—
vs 1D average—
Buy volume · 1D—
Sell volume · 1D—
MERL Volume Chart · Perpetual · Aggregated
Volume · per 4hup closedown close7-period averageMERL price
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View MERL liquidation heatmap →Where leveraged longs and shorts get liquidated · Binance, Bybit, OKX, Hyperliquid and more
Exchange MERL Volume
- BingX$6.58M
- OKX$2.58M
- Binance$2.17M
- WhiteBIT$1.39M
- Bybit$598.36K
- Bitget$451.35K
- Hyperliquid$206.99K
- MEXC$171.88K
- Gate$75.31K
- Coinbase$75.06K
- Others (2)$66.56K
| Exchanges | Volume 24h | Change 24h% | Share | |
|---|---|---|---|---|
| ΣAll Exchanges | $14.37M | +5.72% | — | |
| BBingX | $6.58M | -1.50% | 45.8% | |
| OOKX | $2.58M | +59.59% | 18.0% | Trade |
| BBinance | $2.17M | +17.36% | 15.1% | Trade |
| WWhiteBIT | $1.39M | -28.54% | 9.7% | |
| BBybit | $598.36K | +8.62% | 4.2% | Trade |
| BBitget | $451.35K | +9.10% | 3.1% | Trade |
| HHyperliquid | $206.99K | +60.19% | 1.4% | |
| MMEXC | $171.88K | +14.45% | 1.2% | Trade |
| GGate | $75.31K | -3.82% | 0.5% | Trade |
| CCoinbase | $75.06K | -26.01% | 0.5% | |
| KKuCoin | $56.58K | +69.31% | 0.4% | Trade |
| AAster | $9.98K | -29.36% | 0.1% |
Trading volume per exchange in the selected window (1h, 4h, 12h or 24h) with share of the combined total and window-over-window change at closed-hour boundaries. Heatmap area is proportional to volume. Live candles update about every 10 seconds; intraday figures are finalized nightly.
MERL futures traded $14.37M in volume across all tracked exchanges over the past 24 hours (+5.72% vs the prior day). With open interest at $12.53M, that volume equals roughly 1.1× the value of positions currently open. Over the most recent 4-hour window, volume is running above the prior window by 12.32%. Learn more about how trading volume works →
See the futures volume heatmap → · See which coins just broke their 30-day volume norm
About MERL futures volume
This page measures trading activity in Merlin Chain (MERL) perpetual futures: 24-hour volume by exchange, volume history by timeframe charted against price, and how the current pace compares with the prior period.
Volume counts both sides of every trade across the tracked derivatives exchanges, excludes venues reporting no data, and refreshes continuously — a companion gauge to open interest, which measures positions held rather than traded.
Frequently asked questions
What is MERL futures volume right now?
MERL perpetual futures turned over $14.37M across all tracked exchanges in the past 24 hours, up 5.72% on the prior day.
Which exchange trades the most MERL futures volume?
BingX leads 24-hour MERL futures turnover at $6.58M — about 46% of the $14.37M total. The table below ranks every venue.
Is MERL volume high relative to open interest?
MERL traded about 1.1× its open interest in the past 24 hours — $14.37M in volume against $12.53M of open positions. A higher multiple means exposure is being traded rather than held.
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