◈   futures · closed · divergence

$MERL — spread 4.20%

Across exchanges 6 pairs. Buy cheaper on Hyperliquid Futures, sell higher on Bybit Futures. If the spread > fees — there is sense.

started 2026-02-15 14:51:23 ·closed 2026-02-15 14:51:53
Bybit Futures ↗
MERLUSDT
$0.067690
▼ sell here
→
4.20%
spread
Hyperliquid Futures ↗
MERL-USDC
$0.064961
▲ buy here
Current spread
4.20%
gap across exchanges
Peak
4.20%
event maximum
Entry
4.20%
when recorded
Norm · 30d
0.17%
±0.13%
◈ pair history
Total events
7
arbitrages per pair
Average spread
2.5%
historical
Average duration
4s
how long they last
Frequency
0.3
per day
◈ prices across all exchanges
Bybit Futures ↗
MERLUSDT
$0.067690price
$30.5Kvolume · 1min
→
Gate.io Futures ↗
MERL_USDT
$0.065840price
$1.6Kvolume · 1min
→
Bitget Futures ↗
MERLUSDT
$0.065485price
$361.3Kvolume · 1min
→
OKX Futures ↗
MERL-USDT-SWAP
$0.065252price
$1.2Mvolume · 1min
→
Hyperliquid Futures ↗
MERL-USDC
$0.064961price
$32.6Kvolume · 1min
→
Bitunix Futures ↗
MERLUSDT
$0.067670price
$7.4Kvolume · 1min
→