Settings8H · net · $10k
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Funding arb · Price arb / Crypto

PUFFER

All PUFFER markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotPUFFERUSDT
0.02652spotno funding——$113K1xBuy Bybit Spot
SHORT
BybitPUFFERUSDT
0.02650−0.1138pay 0.1138% / 8h2h 03m$768K$947K5xShort Bybit
Price gap−0.075%
Funding gap−0.1138% /8h

The gap pays +$23 on $10k if it goes back to its 7d average, but funding costs $34 a day and eats that in about 16 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$236−0.1138% /8h now · paid −2.356% over the last 7D
Price+$23spread −0.075% now, avg −0.306% → +0.231% if it goes back
Costs−$5,89158.908% of $10k · taker + slippage, in and out
Result−$6,103−61.03%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.075%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PUFFER on 3 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size5529.1 / 79.0 bp
    At $10k entering Bybit Spot costs 5529.1 bp, fee and slippage, 70.0× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $2,000
    The spot leg is bought with the whole $10k; Bybit runs at up to 5x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; Bybit settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$34.14Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$34.14.
  • OK: Entry gap works for you−0.075% vs −0.306%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thin$768K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.1122%/8h × 21 periods−$235.65
Price spread−0.075% → −0.306% (7d avg)+$23.10
Slippage, 4 orderslive order books−$5,859.83
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$6,103.38
Costs to cover58.908%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 42 min ago; Bybit: live order book, 50 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot11.315529.1 bp−$5,529doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit7.5379.0 bp−$79doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

PUFFER news

posts that mention PUFFER, from every exchange
10-16 02:19KuCoinOther24H Top 5 Gainers on #KuCoin (October 16, 2026) 1. AGT - $0.03406 (+101.69%) 2. PUFFER - $0.04885 (+92.30%) 3. ARTFI - $0.001253 (+88.44%) 4. HMND - $0.004032 (+61.39%) 5. POND - $0.001924 (+43.48%) Check Out and Sign Up on KuCoin! #Ku24hour @kucoincom on X ↗