Borrow PI: rates on every exchange
Annualised margin borrow rates for PI at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-29 16:48 UTC
PI borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Gate | 1.25% | 1.25% | 1.25% | 1.25% * | $30K | not published | Borrowable |
| Bitget | 1.34% | 1.24% | 1.18% | 1.34% | $122.3K | $723.5K | Borrowable |
| OKX | 3.71% | 3.96% | 3.97% | 3.96% | $35.8K | 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 PI: borrow and sell spot, long the perp
No reverse PI 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.
PI perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | PI |
Questions
Where is it cheapest to borrow PI?
Gate, at 1.25% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend PI.
Can I earn negative funding on PI by borrowing it?
Not right now: no reverse PI 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.