# PUFFER Funding Rates

As of 2026-10-03 09:03 UTC, PUFFER perpetual funding averages -0.0885% per 8 hours (-96.89% APR) across all 2 exchanges that list it, weighted by 24h volume (median -0.0884%). Highest: MEXC at -0.0882% per 8h (-96.58% APR). Lowest: Bybit at -0.0885% per 8h (-96.94% APR). Going long on Bybit and short on MEXC collects a gross spread of 0.0003% per 8 hours (0.36% APR) before fees.

## Funding rate by exchange

| Exchange | Market | Funding rate | Interval | APR | Next funding |
| --- | --- | --- | --- | --- | --- |
| [MEXC](https://arbtide.com/funding-rates/puffer/mexc) | [PUFFER/USDT:USDT](https://www.mexc.com/futures/PUFFER_USDT) | -0.0882% | 8h | -96.58% | 2026-10-03 16:00 UTC |
| [Bybit](https://arbtide.com/funding-rates/puffer/bybit) | [PUFFER/USDT:USDT](https://www.bybit.com/trade/usdt/PUFFERUSDT) | -0.0885% | 8h | -96.94% | 2026-10-03 16:00 UTC |

## Frequently asked questions

### Is the PUFFER funding rate positive right now?

No. PUFFER funding is positive on 0 of the 2 exchanges, which means longs are paying shorts on those venues.

### Which exchange has the highest PUFFER funding rate?

MEXC at -0.0882% per 8h (-96.58% APR). The lowest is Bybit at -0.0885% per 8h (-96.94% APR).

### What is the PUFFER funding arbitrage spread?

The gross spread is 0.0003% per 8 hours (0.36% APR): long PUFFER on Bybit and short on MEXC. Trading fees, slippage and price basis reduce the net return.

### How often is PUFFER funding paid?

PUFFER funding is paid every 8 hours on MEXC and Bybit. Rates on this page are also shown as APR so they can be compared directly.