# 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 22:21 UTC · https://afterfees.xyz/borrow/PEPE

## PEPE 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% | $172.1K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 1.53% | 1.50% | 1.49% | 1.53% | $289.8K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 1.76% | 1.82% | 1.78% | 1.82% | $264.6K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 2.15% | 2.19% | 5.23% | 2.19% | $225.8K | $892.3K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 2.05% | 3.57% | 7.00% | 3.57% * | $600K | 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 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

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | kPEPE | -0.0457% | 1 h | −400.2% |
| [ApeX](https://afterfees.xyz/venues/apex) | 1000PEPE-USDT | -0.0159% | 1 h | −139.3% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_PEPEUSD | -0.0120% | 1 h | −104.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | PEPEUSDT | -0.0277% | 8 h | −30.3% |
| [Lighter](https://afterfees.xyz/venues/lighter) | 1000PEPE | -0.0033% | 1 h | −28.9% |
| [Gate](https://afterfees.xyz/venues/gate) | PEPE_USDT | -0.0021% | 8 h | −2.3% |
| [dYdX](https://afterfees.xyz/venues/dydx) | PEPE-USD | 0.0000% | 1 h | 0.0% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | PEPEUSDTM | 0.0100% | 8 h | +10.9% |

## Coins

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

## 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._