Borrow OP: rates on every exchange
Annualised margin borrow rates for OP at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-30 05:42 UTC
OP borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 1.43% | 1.37% | 1.39% | 1.43% | $512K | $201.7K | Borrowable |
| Bybit | 2.47% | 2.56% | 2.57% | 2.56% | $38.9K | not published | Borrowable |
| Binance | 5.83% | 4.38% | 4.18% | 5.83% | $46.3K | not published | Borrowable |
| OKX | 9.71% | 10.51% | 10.99% | 10.51% | $11.3K | not published | Borrowable |
| Gate | 12.69% | 12.71% | 13.21% | 12.71% * | $120K | not published | Borrowable |
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 OP: borrow and sell spot, long the perp
No reverse OP 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.
OP perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | OP |
Questions
Where is it cheapest to borrow OP?
Bitget, at 1.43% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend OP.
Can I earn negative funding on OP by borrowing it?
Not right now: no reverse OP 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.