# Borrow PNUT: rates on every exchange

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

Updated 2026-10-29 18:30 UTC · https://afterfees.xyz/borrow/PNUT

## PNUT borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.92% | 1.83% | 2.12% | 1.92% | $191K | $9.2K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 7.95% | 7.97% | 8.72% | 7.97% * | $20K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 13.09% | 13.20% | 13.19% | 13.20% | $7.7K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 18.90% | 19.79% | 19.96% | 19.79% | $14.6K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 23.45% | 23.62% | 23.54% | 23.62% | $3.2K | 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 PNUT: borrow and sell spot, long the perp

No reverse PNUT 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._

## PNUT perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_PNUTUSD | -0.0292% | 1 h | −255.6% |
| [Aster](https://afterfees.xyz/venues/aster) | PNUTUSDT | -0.0022% | 4 h | −4.8% |
| [Gate](https://afterfees.xyz/venues/gate) | PNUT_USDT | 0.0011% | 4 h | +2.4% |
| [BloFin](https://afterfees.xyz/venues/blofin) | PNUT-USDT | 0.0032% | 4 h | +7.0% |
| [Binance](https://afterfees.xyz/venues/binance) | PNUTUSDT | 0.0036% | 4 h | +7.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | PNUT_USDT | 0.0037% | 4 h | +8.1% |
| [OKX](https://afterfees.xyz/venues/okx) | PNUT-USDT-SWAP | 0.0047% | 4 h | +10.3% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | PNUTUSDTM | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

**Where is it cheapest to borrow PNUT?**

Bitget, at 1.92% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend PNUT.

**Can I earn negative funding on PNUT by borrowing it?**

Not right now: no reverse PNUT 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._