◈   futures · closed · divergence

$MERL — spread 3.68%

Across exchanges 8 pairs. Buy cheaper on Bybit Futures, sell higher on Hyperliquid Futures. If the spread > fees — there is sense.

started 2026-04-20 11:09:20 ·closed 2026-04-20 11:09:50
◈ Spread over time
peak 7.79% · entry 7.79%
LIVE◈ ARBVOICE OF CHAIN$MERL3.7%MULTI (8) | APR 20, 11:09 UTC $0.049$0.047$0.046$0.044VOLUME10:5510:5811:0111:0411:07◈ SNAPSHOTVOLUME$3.1MSPREAD3.7%EXCHANGES8◈ ◈ ◈SIGNAL · NOT FINANCIAL ADVICE#MERL · 07:12
Hyperliquid Futures ↗
MERL-USDC
$0.046231
▼ sell here
→
3.68%
spread
Bybit Futures ↗
MERLUSDT
$0.044590
▲ buy here
Current spread
3.68%
gap across exchanges
Peak
7.79%
event maximum
Entry
7.79%
when recorded
Norm · 30d
0.27%
±0.30%
◈ pair history
Total events
17
arbitrages per pair
Average spread
3.2%
historical
Average duration
14s
how long they last
Frequency
0.2
per day
◈ prices across all exchanges
Bybit Futures ↗
MERLPERP
$0.044780price
$24.1Kvolume · 1min
→
Bybit Futures ↗
MERLUSDT
$0.044590price
$437.9Kvolume · 1min
→
Gate.io Futures ↗
MERL_USDT
$0.044750price
$1.7Kvolume · 1min
→
Bitget Futures ↗
MERLUSDT
$0.045118price
$156.9Kvolume · 1min
→
Binance Futures ↗
MERLUSDT
$0.044650price
$1.7Mvolume · 1min
→
OKX Futures ↗
MERL-USDT-SWAP
$0.044930price
$809.6Kvolume · 1min
→
Hyperliquid Futures ↗
MERL-USDC
$0.046231price
$4.5Kvolume · 1min
→
Bitunix Futures ↗
MERLUSDT
$0.045670price
$9.9Kvolume · 1min
→
◈ more on $MERL
Arbitrage2026-04-20 11:09:20
spread 5.58%
→
Arbitrage2026-04-15 06:35:14
spread 4.18%
→
Arbitrage2026-04-15 06:34:44
spread 3.97%
→
Arbitrage2026-04-13 17:24:47
spread 4.84%
→
Arbitrage2026-04-13 17:24:47
spread 2.21%
→
Arbitrage2026-04-10 04:09:42
spread 2.27%
→