PUFFER funding rates and arbitrage

PUFFER perpetuals trade on 2 contracts across 2 venues, forming 1 cross-venue arbitrage pairs. By net APR the current best pair is long Bybit against short MEXC, netting +18.75%, with both legs settling on the same cadence。

PUFFER perpetual funding rates by venue

APR = current rate × (24 ÷ settlement interval) × 365. Venues settle on different cadences, so rates must be annualised before comparing.

Venue	Contract	Margin	Settlement	Current rate	APR	24h avg APR	24h volume	Mark
Bybit	PUFFERUSDT	USDT	1h	-0.0093%	-81.82%	-340.38%	$2.3M	0.03747
MEXC	PUFFER_USDT	USDT	1h	-0.0072%	-63.07%	-350.24%	$131K	0.03750

PUFFER cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg − long leg.

Long	Short	Net APR	Daily	24h avg	Settlement	Liquidity
Bybit USDT	MEXC USDT	+18.75%	0.0514%	-9.86%	1h matched	$131K

Puffer project profile

Website Whitepaper X (Twitter)Telegram Discord

Key facts

Total: 1.00B
Max supply: 1.00B
Type: Token
Market cap rank: #781

Smart Contract PlatformBNB Chain EcosystemEthereum EcosystemLayer 2 (L2)RestakingLiquid Restaking Governance TokensRollupLiquid Staking

Contract addresses

ethereum0x4d1c297d39c5c1277964d0e3f8aa901493664530

binance0x87d00066cf131ff54b72b134a217d5401e5392b6

Block explorers

etherscan.io intel.arkm.com ethplorer.io bscscan.com binplorer.com

About

Puffer is a decentralized platform designed to enhance Ethereum's scalability and security through innovative restaking and rollup solutions. Puffer’s suite of synergistic products includes liquid restaking (LRT), Based Rollups, and a preconfirmation AVS. Powered by natively restaked validators and the AVS, the UniFi based rollup stack addresses liquidity fragmentation across Ethereum while providing instant settlement and 100ms transactions.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

QBTS0.0%REDSTONE+5.7%RIO0.0%RLS0.0%SHEINHKD0.0%SHIB1000 SITM0.0%SKSQUARE+21.9%SMR0.0%SOLAYER0.0%STANDARD+275.9%STOCKER+8.3%

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