# Borrow HYPE: rates on every exchange

Annualised margin borrow rates for HYPE at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-29 17:55 UTC · https://afterfees.xyz/borrow/HYPE

## HYPE borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | 1.01% | 1.01% | 1.01% | 1.01% | $470.2K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 1.27% | 1.27% | 1.27% | 1.27% * | $600K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 7.88% | 6.73% | 6.73% | 7.88% | $224.6K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 499.99% | 499.99% | 499.99% | 499.99% | $282.2K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 77.53% | 22.47% | 18.60% | 77.53% | $1.3M | $1.9M | Suspected exhausted (rate spike) |

_Annualised simply (hourly rate × 8,760). Rate counted = the higher of the current rate and the 24 h average, as in every calculation on AfterFees. * Gate: rate × the published VIP multiplier (inferred)._

## Reverse carry on HYPE: borrow and sell spot, long the perp

No reverse HYPE carry nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## HYPE perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_HYPEUSD | -0.0070% | 1 h | −61.4% |
| [Bitget](https://afterfees.xyz/venues/bitget) | HYPEUSDT | -0.0236% | 4 h | −51.7% |
| [BingX](https://afterfees.xyz/venues/bingx) | HYPE-USDT | -0.0224% | 4 h | −49.1% |
| [BloFin](https://afterfees.xyz/venues/blofin) | HYPE-USDT | -0.0100% | 4 h | −21.9% |
| [Gate](https://afterfees.xyz/venues/gate) | HYPE_USDT | -0.0007% | 4 h | −1.5% |
| [dYdX](https://afterfees.xyz/venues/dydx) | HYPE-USD | 0.0001% | 1 h | +0.5% |
| [ApeX](https://afterfees.xyz/venues/apex) | HYPE-USDT | 0.0001% | 1 h | +0.9% |
| [OKX](https://afterfees.xyz/venues/okx) | HYPE-USDT-SWAP | 0.0029% | 8 h | +3.1% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [HYPE](https://afterfees.xyz/coin/HYPE) |

## Questions

**Where is it cheapest to borrow HYPE?**

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend HYPE.

**Can I earn negative funding on HYPE by borrowing it?**

Not right now: no reverse HYPE carry covers its borrow interest, fees and slippage at $10,000 for 7 days.

_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._