OKX MERL perpetual
MERL-USDT-SWAP
As of 2026-09-09 13:54 UTC, MERL-USDT-SWAP on OKX has a collected rate of +0.0050% over 4h, or +10.95% simple annualised; its collected settlement interval is 4h, with up to 20x leverage. Aster has a lower rate for longs at +10.95%.
Maintenance margin ladder
No deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 220000 base | 2.0000% | 20.00x | — |
| 2 | 220001 – 450000 base | 3.0000% | 15.00x | — |
| 3 | 450001 – 680000 base | 4.0000% | 12.50x | — |
| 4 | 680001 – 900000 base | 4.5000% | 11.76x | — |
| 5 | 900001 – 1120000 base | 5.0000% | 11.11x | — |
| 6 | 1120001 – 1340000 base | 5.5000% | 10.52x | — |
| 7 | 1340001 – 1560000 base | 6.0000% | 10.00x | — |
| 8 | 1560001 – 1780000 base | 6.5000% | 9.52x | — |
| 9 | 1780001 – 2000000 base | 7.0000% | 9.09x | — |
| 10 | 2000001 – 2220000 base | 7.5000% | 8.69x | — |
| 11 | 2220001 – 2440000 base | 8.0000% | 8.33x | — |
| 12 | 2440001 – 2660000 base | 8.5000% | 8.00x | — |
| 13 | 2660001 – 2880000 base | 9.0000% | 7.69x | — |
| 14 | 2880001 – 3100000 base | 9.5000% | 7.40x | — |
| 15 | 3100001 – 3320000 base | 10.0000% | 7.14x | — |
| 16 | 3320001 – 3540000 base | 10.5000% | 6.89x | — |
| 17 | 3540001 – 3760000 base | 11.0000% | 6.66x | — |
| 18 | 3760001 – 3980000 base | 11.5000% | 6.45x | — |
| 19 | 3980001 – 4200000 base | 12.0000% | 6.25x | — |
| 20 | 4200001 – 4420000 base | 12.5000% | 6.06x | — |
| 21 | 4420001 – 4640000 base | 13.0000% | 5.88x | — |
| 22 | 4640001 – 4860000 base | 13.5000% | 5.71x | — |
| 23 | 4860001 – 5080000 base | 14.0000% | 5.55x | — |
| 24 | 5080001 – 5300000 base | 14.5000% | 5.40x | — |
| 25 | 5300001 – 5520000 base | 15.0000% | 5.26x | — |
| 26 | 5520001 – 5740000 base | 15.5000% | 5.12x | — |
| 27 | 5740001 – 5960000 base | 16.0000% | 5.00x | — |
| 28 | 5960001 – 6180000 base | 16.5000% | 4.87x | — |
| 29 | 6180001 – 6400000 base | 17.0000% | 4.76x | — |
| 30 | 6400001 – 6620000 base | 17.5000% | 4.65x | — |
| 31 | 6620001 – 6840000 base | 18.0000% | 4.54x | — |
| 32 | 6840001 – 7060000 base | 18.5000% | 4.44x | — |
| 33 | 7060001 – 7280000 base | 19.0000% | 4.34x | — |
| 34 | 7280001 – 7500000 base | 19.5000% | 4.25x | — |
| 35 | 7500001 – 7720000 base | 20.0000% | 4.16x | — |
| 36 | 7720001 – 7940000 base | 20.5000% | 4.08x | — |
| 37 | 7940001 – 8160000 base | 21.0000% | 4.00x | — |
| 38 | 8160001 – 8380000 base | 21.5000% | 3.92x | — |
| 39 | 8380001 – 8600000 base | 22.0000% | 3.84x | — |
| 40 | 8600001 – 8820000 base | 22.5000% | 3.77x | — |
| 41 | 8820001 – 9040000 base | 23.0000% | 3.70x | — |
| 42 | 9040001 – 9260000 base | 23.5000% | 3.63x | — |
| 43 | 9260001 – 9480000 base | 24.0000% | 3.57x | — |
| 44 | 9480001 – 9700000 base | 24.5000% | 3.50x | — |
| 45 | 9700001 – 9920000 base | 25.0000% | 3.44x | — |
| 46 | 9920001 – 10140000 base | 25.5000% | 3.38x | — |
| 47 | 10140001 – 10360000 base | 26.0000% | 3.33x | — |
| 48 | 10360001 – 10580000 base | 26.5000% | 3.27x | — |
| 49 | 10580001 – 10800000 base | 27.0000% | 3.22x | — |
| 50 | 10800001 – 11020000 base | 27.5000% | 3.17x | — |
| 51 | 11020001 – 11240000 base | 28.0000% | 3.12x | — |
| 52 | 11240001 – 11460000 base | 28.5000% | 3.07x | — |
| 53 | 11460001 – 11680000 base | 29.0000% | 3.03x | — |
| 54 | 11680001 – 11900000 base | 29.5000% | 2.98x | — |
| 55 | 11900001 – 12120000 base | 30.0000% | 2.94x | — |
| 56 | 12120001 – 12340000 base | 30.5000% | 2.89x | — |
| 57 | 12340001 – 12560000 base | 31.0000% | 2.85x | — |
| 58 | 12560001 – 12780000 base | 31.5000% | 2.81x | — |
| 59 | 12780001 – 13000000 base | 32.0000% | 2.77x | — |
| 60 | 13000001 – 13220000 base | 32.5000% | 2.73x | — |
| 61 | 13220001 – 13440000 base | 33.0000% | 2.70x | — |
| 62 | 13440001 – 13660000 base | 33.5000% | 2.66x | — |
| 63 | 13660001 – 13880000 base | 34.0000% | 2.63x | — |
| 64 | 13880001 – 14100000 base | 34.5000% | 2.59x | — |
| 65 | 14100001 – 14320000 base | 35.0000% | 2.56x | — |
| 66 | 14320001 – 14540000 base | 35.5000% | 2.53x | — |
| 67 | 14540001 – 14760000 base | 36.0000% | 2.50x | — |
| 68 | 14760001 – 14980000 base | 36.5000% | 2.46x | — |
| 69 | 14980001 – 15200000 base | 37.0000% | 2.43x | — |
| 70 | 15200001 – 15420000 base | 37.5000% | 2.40x | — |
| 71 | 15420001 – 15640000 base | 38.0000% | 2.38x | — |
| 72 | 15640001 – 15860000 base | 38.5000% | 2.35x | — |
| 73 | 15860001 – 16080000 base | 39.0000% | 2.32x | — |
| 74 | 16080001 – 16300000 base | 39.5000% | 2.29x | — |
| 75 | 16300001 – 16520000 base | 40.0000% | 2.27x | — |
| 76 | 16520001 – 16740000 base | 40.5000% | 2.24x | — |
| 77 | 16740001 – 16960000 base | 41.0000% | 2.22x | — |
| 78 | 16960001 – 17180000 base | 41.5000% | 2.19x | — |
| 79 | 17180001 – 17400000 base | 42.0000% | 2.17x | — |
| 80 | 17400001 – 17620000 base | 42.5000% | 2.15x | — |
| 81 | 17620001 – 17840000 base | 43.0000% | 2.12x | — |
| 82 | 17840001 – 18060000 base | 43.5000% | 2.10x | — |
| 83 | 18060001 – 18280000 base | 44.0000% | 2.08x | — |
| 84 | 18280001 – 18500000 base | 44.5000% | 2.06x | — |
| 85 | 18500001 – 18720000 base | 45.0000% | 2.04x | — |
| 86 | 18720001 – 18940000 base | 45.5000% | 2.02x | — |
| 87 | 18940001 – 19160000 base | 46.0000% | 2.00x | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h. Lot size uses the venue’s original order unit; the calculator takes base-asset quantity.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Aster | MERLUSDT | 1h | +10.95% |
| Binance | MERLUSDT | 4h | +10.95% |
| Bitget | MERLUSDT | 4h | +10.95% |
| Bybit | MERLUSDT | 8h | +10.95% |
| Gate | MERL_USDT | 8h | +10.95% |
| Hyperliquid | MERL | 1h | +10.95% |
| OKX this page | MERL-USDT-SWAP | 4h | +10.95% |
| Bybit | MERLPERP | 4h | +63.01% |
Common questions
What is the OKX MERL funding rate?
The latest collected OKX MERL funding rate is +0.0050% over a 4h rate period, or +10.95% simple annualised. That period is used for conversion and may differ from the settlement interval. Positive means longs pay shorts; negative reverses this.
How often is funding charged on OKX MERL?
The collected settlement interval is 4h, normally 6 times a day. Venues can change it; confirm the next settlement time on the contract page.
What is the maximum leverage on OKX MERL?
The collected leverage cap for OKX MERL is 20x, with 87 margin tiers shown. Actual leverage also depends on position size, account settings and venue rules.
What is the maintenance margin rate on OKX MERL?
The first tier requires 2.0000%, and there are 87 tiers in all — a larger position requires more. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
Which venue has the lowest MERL funding cost for longs?
For a long position, Aster currently has the lowest rate at +10.95% annualised; this page's OKX is at +10.95%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
Observation time and verification
This contract’s funding was observed at 2026-09-09 13:54 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology