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AfterFees

Borrow rates · PEPE

Borrow PEPE: rates on every exchange

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

Updated 2026-10-29 20:52 UTC

PEPE borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
OKX1.01%1.01%1.01%1.01%$188.5Knot publishedBorrowable
Bybit1.50%1.49%1.49%1.50%$318.8Knot publishedBorrowable
Binance1.75%1.81%1.78%1.81%$289.7Knot publishedBorrowable
Bitget2.17%2.24%5.28%2.24%$248.3K$986.3KBorrowable
Gate1.93%3.60%7.16%3.60% *$600Knot publishedBorrowable

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 PEPE: borrow and sell spot, long the perp

No reverse PEPE 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.

PEPE perps, most negative funding first

ExchangeContractRateEveryAnnualised
KrakenPF_PEPEUSD-0.0022%1 h−19.6%
BitgetPEPEUSDT-0.0004%8 h−0.4%
dYdXPEPE-USD0.0000%1 h0.0%
GatePEPE_USDT0.0010%8 h+1.1%
Lighter1000PEPE0.0012%1 h+10.5%
KuCoinPEPEUSDTM0.0100%8 h+10.9%
MEXCPEPE_USDT0.0100%8 h+10.9%
ApeX1000PEPE-USDT0.0013%1 h+10.9%

Coins

Funding rates and every arbitrage on this coinPEPE

Questions

Where is it cheapest to borrow PEPE?

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 PEPE.

Can I earn negative funding on PEPE by borrowing it?

Not right now: no reverse PEPE 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.