MERL liquidations, funding & open interest
MERL is #250 of 347 Hyperliquid perpetual markets by open interest: $572K open interest and $270K traded in the past 24 hours, at a mark price of $0.02912.
Heatmap, position and whale history start on 2 Nov 2026 and grow every day. Older data from the venues' public history (earliest over all coins): Hyperliquid funding since 20 May 2023, Hyperliquid open interest since 20 May 2023, Bybit long/short since 6 Nov 2023, Hyperliquid liquidations since 25 May 2025, price candles since 8 Sept 2019.
Liquidation levels
updated 3m ago (2026-11-05 10:48 UTC) · source: Blockmetric Research$826 of tracked positions are mapped, spread over too few price levels near the price for a ladder. The heatmap shows all of them over time.
What does this show?
Liquidations · 24h
updated 1h ago (2026-11-05 08:56 UTC) · source: Blockmetric Research · Binance$3Klongs $2.7Kshorts $38812 orders
What does this show?
In the past 24 hours $3K of MERL positions were liquidated (12 orders, 87% of it longs) on Binance.
The largest single liquidation was a $1.7K long on Binance at $0.02844.
Every coin: Liquidations →
Since yesterday
| Metric | Now | Change |
|---|---|---|
| Open interest · Hyperliquid | $572K | +9.2% |
| Funding APR · Hyperliquid | +11.0% | 0.0 pp |
Funding & open interest per exchange
updated 26s ago (2026-11-05 10:51 UTC) · source: Blockmetric Research · Binance · Bybit| Exchange | Funding APR | Open interest |
|---|---|---|
| Hyperliquid | +11.0% | $572K |
| Binance | +11.0% | $1.8M |
| Bybit | +11.0% | $781K |
What does this show?
Funding, annualised: Hyperliquid +11.0%, Binance +11.0%, and Bybit +11.0%.
Every coin: Funding →
Long/short
updated 21s ago (2026-11-05 10:51 UTC) · source: Blockmetric Research| Source | Long/short |
|---|---|
| Hyperliquid | 0.95 |
What does this show?
Tracked Hyperliquid positions are 0.95 long/short by USD (57 wallets long, 62 short).
Largest tracked positions
updated 3m ago (2026-11-05 10:48 UTC) · source: Blockmetric Research| Wallet | Side | Size | Leverage | Liq. price | To liq. |
|---|---|---|---|---|---|
| 0xd6e5…5b42 | short | $181K | 3.0× | $0.792 | +2,619.5% |
| 0xa5fd…15ff | long | $104K | 3.0× | - | - |
Questions and answers
How much MERL was liquidated in the last 24 hours?
As of 5 Nov 2026: In the past 24 hours $3K of MERL positions were liquidated (12 orders, 87% of it longs) on Binance. The largest single liquidation was a $1.7K long on Binance at $0.02844.
What is the MERL funding rate?
As of 5 Nov 2026: Funding, annualised: Hyperliquid +11.0%, Binance +11.0%, and Bybit +11.0%.
What is the MERL long/short ratio?
As of 5 Nov 2026: Tracked Hyperliquid positions are 0.95 long/short by USD (57 wallets long, 62 short).
Data as of 2026-11-05 10:51 UTC. Facts from public data. Not investment advice. · Report incorrect data