MERL Perpetual on Hyperliquid
MERL Perpetual on Hyperliquid — price $0.02241 (-1.51% 24h), funding +0.0013%/1h, open interest $360.7K, 24h volume $98.1K. Annualized funding +11.0%. Source: Hyperliquid official · as of 2026-09-06 11:15 UTC
Daily closes spanning the full history since listing. Switch to 1M for finer hourly-snapshot detail (our moat, collected since 2026-06-14).
/api/hl/markets/merl-perp/history?format=csv&from=2026-06-14&to=2026-09-06&granularity=dailyDaily/weekly/monthly rollups from D1. File header carries the attribution line.
Historical data is free to cite and reuse with attribution — link this page or hyperacademy.io.
Predicted funding (Binance/Bybit normalized to a 1h basis). Informational only — not investment advice.
Merlin Chain is a layer-2 network built specifically around Bitcoin, using zero-knowledge rollup technology to let assets tied to the Bitcoin ecosystem — including inscription-based tokens — move faster and cheaper than would be practical directly on Bitcoin's base layer, while still aiming to inherit meaningful security guarantees from it. MERL serves as the chain's core asset, spent on gas and used for governance across this Bitcoin-focused L2 infrastructure. Because Merlin Chain's relevance depends on activity within the broader Bitcoin-L2 and inscription-DeFi niche — a category that grew rapidly alongside the Ordinals and BRC-20 trend before settling into a steadier, more selective phase — MERL's price can be sensitive to sentiment shifts across that specific niche as much as to Merlin-specific development news. This asset sits in a modest leverage bracket on the exchange, standard for a smaller-cap L2 token in this space. Funding on MERL-USD tends to move with broader Bitcoin-ecosystem-DeFi sentiment.
What's the leverage profile for MERL on Hyperliquid?
MERL's leverage threshold on this exchange is 3x.
What is Merlin Chain built around?
Merlin Chain is a Bitcoin-focused layer-2 using zero-knowledge rollup technology, designed to let Bitcoin-ecosystem assets, including inscription-based tokens, move faster and cheaper than on Bitcoin's base layer.
Does MERL track the broader Bitcoin-L2 niche?
It tends to — MERL's price can be sensitive to sentiment across the wider Bitcoin-L2 and inscription-DeFi category, alongside Merlin Chain's own specific development news.
What is the MERL Perpetual funding rate on Hyperliquid?
As of the latest snapshot, MERL Perpetual funding is +0.0013%/1h (≈ +11.0% annualized). Hyperliquid settles funding every hour. As of 2026-09-06 11:15 UTC.
What are MERL Perpetual's 24h volume and open interest?
MERL Perpetual currently has $98.1K in 24h volume and $360.7K in open interest. As of 2026-09-06 11:15 UTC.
What is MERL Perpetual's all-time high on Hyperliquid?
MERL Perpetual's all-time high is $0.93269 on 2024-04-25; the all-time low is $0.01565 on 2026-06-26. The 52-week range is $0.01565–$0.51875. As of 2026-09-06 11:15 UTC.