PUFFER funding rates and arbitrage
Updated 2026-10-30 02:33 UTC
Best PUFFER arbitrage after every cost
No PUFFER pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
PUFFER funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Variational | PUFFER-PERP | -0.2572% | 8 h | −281.6% | — | $46.8K | 2026-10-30 08:00 |
| Bybit | PUFFERUSDT | -0.5505% | 8 h | −602.8% | −255.3% | $943.3K | 2026-10-30 08:00 |
| MEXC | PUFFER_USDT | -0.5561% | 8 h | −608.9% | −256.8% | $84.9K | 2026-10-30 08:00 |
Borrow PUFFER to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | — | — |
| Gate | — | $10K |
Cost to enter $10,000 of PUFFER
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | PUFFER_USDT | 5.7 bp | top of book only |
| Variational | PUFFER-PERP | 7.4 bp | top of book only |
| Bybit | PUFFERUSDT | 9.2 bp | top of book only |
| Bitget | PUFFERUSDT (spot) | 24.8 bp | top of book only |
| Bybit | PUFFERUSDT (spot) | 26.7 bp | top of book only |
| Gate | PUFFER_USDT (spot) | 31.1 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on PUFFER
Questions
Is PUFFER funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no PUFFER pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest PUFFER funding rate?
Variational at −281.6% a year (-0.2572% every 8 h); the lowest is MEXC at −608.9%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.