Borrow PYTH: rates on every exchange
Annualised margin borrow rates for PYTH at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-30 05:06 UTC
PYTH borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Gate | 0.36% | 0.35% | 0.32% | 0.36% * | $120K | not published | Borrowable |
| Bitget | 1.94% | 2.10% | 2.42% | 2.10% | $413.9K | $131.4K | Borrowable |
| Bybit | 5.37% | 5.56% | 5.53% | 5.56% | $12.3K | not published | Borrowable |
| OKX | 10.21% | 8.25% | 7.23% | 10.21% | $29.8K | not published | Borrowable |
| Binance | 11.88% | 15.71% | 14.22% | 15.71% | $6.2K | 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 PYTH: borrow and sell spot, long the perp
No reverse PYTH 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.
PYTH perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | PYTH |
Questions
Where is it cheapest to borrow PYTH?
Gate, at 0.36% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend PYTH.
Can I earn negative funding on PYTH by borrowing it?
Not right now: no reverse PYTH 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.