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AfterFees

Borrow rates · PRL

Borrow PRL: rates on every exchange

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

Updated 2026-10-29 18:05 UTC

PRL borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget1.38%1.30%1.35%1.38%$28.1K$55.1KBorrowable
Gate9.54%9.62%28.30%9.62% *$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 PRL: borrow and sell spot, long the perp

No reverse PRL 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.

PRL perps, most negative funding first

ExchangeContractRateEveryAnnualised
ApeXPRL-USDT-0.0850%1 h−745.0%
LighterPRL-0.0805%1 h−705.2%
GatePRL_USDT-0.0227%4 h−49.7%
KuCoinPRLUSDTM0.0007%4 h+1.5%
MEXCPRL_USDT0.0050%4 h+10.9%
BitgetPRLUSDT0.0050%4 h+10.9%
BingXPRL-USDT0.0050%4 h+10.9%
BybitPRLUSDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinPRL

Questions

Where is it cheapest to borrow PRL?

Bitget, at 1.38% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend PRL.

Can I earn negative funding on PRL by borrowing it?

Not right now: no reverse PRL 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.