# Borrow POL: rates on every exchange

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

Updated 2026-10-29 20:31 UTC · https://afterfees.xyz/borrow/POL

## POL 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) | 3.41% | 3.43% | 3.44% | 3.43% | $654.9K | $200K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 6.05% | 5.75% | 5.80% | 6.05% | $37.9K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 5.20% | 6.06% | 9.39% | 6.06% | $25.7K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 16.95% | 14.42% | 14.50% | 16.95% | $28.4K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 19.75% | 16.97% | 16.45% | 19.75% * | $120K | 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 POL: borrow and sell spot, long the perp

No reverse POL 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._

## POL perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_POLUSD | -0.0148% | 1 h | −129.9% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | POL | -0.0037% | 1 h | −32.2% |
| [Aster](https://afterfees.xyz/venues/aster) | POLUSDT | -0.0115% | 4 h | −25.3% |
| [OKX](https://afterfees.xyz/venues/okx) | POL-USDT-SWAP | -0.0092% | 4 h | −20.2% |
| [GRVT](https://afterfees.xyz/venues/grvt) | POL_USDT_Perp | -0.0083% | 4 h | −18.2% |
| [Binance](https://afterfees.xyz/venues/binance) | POLUSDT | -0.0022% | 4 h | −4.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | POL_USDT | -0.0021% | 4 h | −4.6% |
| [dYdX](https://afterfees.xyz/venues/dydx) | POL-USD | 0.0000% | 1 h | 0.0% |

## Coins

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

## Questions

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

Bitget, at 3.43% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend POL.

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

Not right now: no reverse POL 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._