PURR funding rates and arbitrage

PURR perpetuals trade on 8 contracts across 8 venues, forming 28 cross-venue arbitrage pairs. By net APR the current best pair is long Bitget against short Hyperliquid, netting +10.95%, though note the legs settle on different cadences (8h / 1h)。

PURR 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
Hyperliquid	PURR	USDC	1h	0.0013%	+10.95%	+11.02%	$1.5M	0.09791
Bybit	PURRUSDT	USDT	8h	0.0000%	0.00%	+32.02%	$1.3M	9.061
LBank	PURRUSDT	USDT	8h	0.0045%	+4.93%	+2.57%	$938K	9.080
OKX	PURR-USDT-SWAP	USDT	8h	0.0047%	+5.11%	+32.20%	$532K	9.080
Bitget	PURRUSDT	USDT	8h	0.0000%	0.00%	+43.75%	$222K	9.066
HTX	PURR-USDT	USDT	1h	0.0000%	0.00%	+0.18%	$161K	9.080
MEXC	PURRSTOCK_USDT	USDT	8h	0.0046%	+5.04%	+32.10%	$106K	9.060
Gate	PURR_USDT	USDT	8h	0.0000%	0.00%	0.00%	$16K	9.086

PURR 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
Bitget USDT	Hyperliquid USDC	+10.95%	0.0300%	-32.73%	8h / 1h	$222K
Bybit USDT	Hyperliquid USDC	+10.95%	0.0300%	-20.99%	8h / 1h	$1.3M
Gate USDT	Hyperliquid USDC	+10.95%	0.0300%	+11.02%	8h / 1h	$16K
HTX USDT	Hyperliquid USDC	+10.95%	0.0300%	+10.84%	1h matched	$161K
LBank USDT	Hyperliquid USDC	+6.02%	0.0165%	+8.46%	8h / 1h	$938K
MEXC USDT	Hyperliquid USDC	+5.91%	0.0162%	-21.08%	8h / 1h	$106K
OKX USDT	Hyperliquid USDC	+5.84%	0.0160%	-21.17%	8h / 1h	$532K
Bitget USDT	OKX USDT	+5.11%	0.0140%	-11.55%	8h matched	$222K
Bybit USDT	OKX USDT	+5.11%	0.0140%	+0.18%	8h matched	$532K
Gate USDT	OKX USDT	+5.11%	0.0140%	+32.20%	8h matched	$16K
HTX USDT	OKX USDT	+5.11%	0.0140%	+32.01%	1h / 8h	$161K
Bitget USDT	MEXC USDT	+5.04%	0.0138%	-11.65%	8h matched	$106K

Purr project profile

Website X (Twitter)

Key facts

Total: 594.74M
Max supply: 1.00B
Type: Token
Market cap rank: #411

MemeCat-ThemedHyperliquid EcosystemHyperEVM Ecosystem

Contract addresses

hyperliquid0xc1fb593aeffbeb02f85e0308e9956a90

hyperevm0x9b498c3c8a0b8cd8ba1d9851d40d186f1872b44e

Block explorers

app.hyperliquid.xyz hyperevmscan.io hypurrscan.io

About

$PURR is the first spot launch on the Hyperliquid L1. There is no sale and no planned utility for $PURR. The max supply of $PURR was 1 billion. 500 million $PURR were distributed proportionally to points holders. 400 million $PURR initially deployed as Hyperliquidity (HIP-2) were burned. $PURR is deflationary, as trading fees paid in $PURR are burned.

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

PYPL+2.1%SAFE+47.1%SCR+14.1%SHOP+10.9%SLP+12.0%SNOW+16.0%SONIC0.0%SPACE0.0%STONK+7.5%TA0.0%TAC+36.6%TEAM+14.2%

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