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AfterFees

Borrow rates · PIPPIN

Borrow PIPPIN: rates on every exchange

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

Updated 2026-10-29 15:26 UTC

PIPPIN borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Gate2.60%2.85%2.92%2.85% *$30Knot 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 PIPPIN: borrow and sell spot, long the perp

No reverse PIPPIN 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.

PIPPIN perps, most negative funding first

ExchangeContractRateEveryAnnualised
KuCoinPIPPINUSDTM0.0050%4 h+10.9%
OKXPIPPIN-USDT-SWAP0.0050%4 h+10.9%
BitgetPIPPINUSDT0.0050%4 h+10.9%
BybitPIPPINUSDT0.0050%4 h+10.9%
GatePIPPIN_USDT0.0050%4 h+10.9%
BloFinPIPPIN-USDT0.0288%4 h+63.1%
BinancePIPPINUSDT0.0297%4 h+65.1%
MEXCPIPPIN_USDT0.0301%4 h+65.9%

Coins

Funding rates and every arbitrage on this coinPIPPIN

Questions

Where is it cheapest to borrow PIPPIN?

Gate, at 2.85% a year at the rate we count (the higher of the current rate and the 24 h average), among 1 exchanges that lend PIPPIN.

Can I earn negative funding on PIPPIN by borrowing it?

Not right now: no reverse PIPPIN 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.