MERLIN CHAIN (MERL) price, where to buy & arbitrage

MERL 19 exchanges

Merlin Chain (MERL) trades on 19 exchanges that Finder tracks live, across 13 spot, 15 perpetual markets. Merlin Chain arbitrage means buying MERL where it is priced lower and selling where it is higher, capturing the gap before it closes. The deepest liquidity is on Okx ($10,680,857 of $41,500,421 total 24h volume). It can be moved between exchanges over MERL. With both spot and perpetual MERL markets live, the spot-versus-perp gap and the cross-exchange spread are both arbitrage opportunities. Finder compares every MERL quote in real time to surface the best cross-exchange arbitrage spread, with live deposit and withdrawal status on each rail. Closed transfer rails are flagged before you act, so a wide spread on a stuck route is never shown as live.

Data refreshed 2026-08-28

View on dashboard CoinGecko ↗

Live · 19 exchanges Real-time ↗

$0.023589

≈ ₽1.99

+13.48%24h

Cross-exchange $0.01 · 24.33%

Most liquid Okx futures · $10.7M/24h

Supported networks 3 chains

MMerl BBep20 EErc20

MERL price · last 7d

+16.27%

low 0.018585 Okx · 7d high 0.024115

Where to buy MERL

Merlin Chain (MERL) is listed on 19 exchanges Finder tracks — the most liquid is Okx. Compare live prices below and buy where MERL is cheapest; each link opens the exchange directly.

▸ BUY on Bitmart

Where MERL trades

28 markets

Exchange

Market

Funding

Bid

Ask

24h Vol

Vol%

NetworkD/WFee

Okx

spot

—

$0.02337

$0.02341

$1.4M

3.5%

MERLDW$0.14

Okx

futures

-0.0051%

$0.02334

$0.02335

$10.7M

25.7%

MERLDW$0.14

Bingx

spot

—

$0.02332

$0.02344

—

MERLDW$0.15

Bingx

futures

+0.0050%

$0.02333

$0.02338

$6.6M

15.9%

MERLDW$0.15

Lbank

spot

—

$0.02337

$0.02343

$180k

0.4%

MERLDW$0.05

Lbank

futures

+0.0050%

$0.02335

$0.02337

$4.2M

10.2%

MERLDW$0.05

Mexc

spot

—

$0.02336

$0.02342

$147k

0.4%

MERLDW$0.07

Mexc

futures

+0.0050%

$0.02337

$0.02339

$1.9M

4.6%

MERLDW$0.07

Bybit

spot

—

$0.02334

$0.0234

$369k

0.9%

MERLDW$0.12

Bybit

futures

+0.0100%

$0.02331

$0.02334

$1.7M

4.0%

MERLDW$0.12

Bitget

spot

—

$0.02337

$0.02343

$60k

0.1%

MERLDW$3.58

Bitget

futures

+0.0050%

$0.02336

$0.0234

$954k

2.3%

MERLDW$3.58

Weex

spot

—

$0.02334

$0.02344

$10k

<0.1%

❔

Weex

futures

$0.02327

$0.02347

$460k

1.1%

❔

Gateio

spot

—

$0.02336

$0.02341

$133k

0.3%

MERLDW$0.10

Gateio

futures

+0.0100%

$0.02344

$0.02348

$318k

0.8%

MERLDW$0.10

Kucoin

spot

—

$0.02335

$0.02341

$55k

0.1%

MERLDW$0.35

Kucoin

futures

+0.0050%

$0.02339

$0.02345

$299k

0.7%

MERLDW$0.35

Binance

futures

+0.0050%

$0.02337

$0.02339

$7.9M

19.1%

❔

futures

+0.0100%

$0.02332

$0.02335

$1.7M

4.0%

MERLDW$0.66

Ourbit

futures

+0.0050%

$0.02337

$0.02339

$1.3M

3.1%

❔

Htx

spot

—

$0.023

$0.024

$617k

1.5%

MERLDW$0.06

Hyperliquid

futures

+0.0013%

$0.023383

$0.023395

$394k

0.9%

❔

Kraken

spot

—

$0.02328

$0.02337

$70k

0.2%

❔

Asterdex

futures

+0.0013%

$0.02327

$0.02342

$5k

<0.1%

❔

Coinex

spot

—

$0.023282

$0.023457

$3k

<0.1%

MERLDW$3.07

Poloniex

spot

—

$0.0199

$0.0381

—

MERLDW$0.19

Bitmart

futures

+0.0050%

—

MERLDW$0.05

About Merlin Chain spreads

Where can I buy MERL?

MERL is listed on 28 exchanges: Asterdex, Binance, Bingx, Bitget, Bitmart, Bybit, Coinex, Gateio, …. The highest-volume market is Okx ($10,680,857 24h). Current lowest price: $0.023325 on Bybit (perp).

Where is MERL cheapest to buy right now?

The lowest live MERL price across the exchanges we track is $0.023325 on Bybit (futures). Prices move every second, so the cheapest exchange can change. The live table above is the source of truth.

Does MERL trade on spot or futures?

MERL is available across 13 spot markets, 15 perpetual markets. Both spot-versus-perp and cross-exchange spreads are surfaced on the dashboard.

How do I arbitrage MERL between exchanges?

Buy MERL on the cheaper exchange and sell on the dearer one, then settle the difference. You either transfer the coin (only when the deposit and withdrawal rail is open) or hold offsetting spot and perpetual legs. The main risks are transfer windows, fees and execution speed, all of which Finder surfaces per spread so you act only on routes that are actually open.

Which networks does MERL support for deposit and withdrawal?

MERL can be transferred via MERL networks. Real-time deposit/withdrawal status per exchange is tracked in the table above. Rails change frequently and we refresh our data every few minutes.

How often are MERL prices and arbitrage data updated?

Orderbook prices come from exchange WebSockets with per-symbol updates within seconds. Deposit/withdrawal status refreshes every few minutes. Arbitrage spreads are computed continuously from the same stream.