# 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 07:59 UTC · https://afterfees.xyz/borrow/PYTH

## PYTH borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | 0.31% | 0.35% | 0.32% | 0.35% * | $120K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 5.79% | 5.57% | 5.53% | 5.79% | $12.1K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 6.21% | 2.08% | 2.41% | 6.21% | $406K | $109K | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 10.80% | 8.73% | 7.38% | 10.80% | $29.3K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 11.88% | 15.97% | 14.12% | 15.97% | $6.1K | 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

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | PYTHUSDT | -0.0419% | 4 h | −91.8% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_PYTHUSD | -0.0085% | 1 h | −74.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | PYTH_USDT | -0.0190% | 4 h | −41.6% |
| [Binance](https://afterfees.xyz/venues/binance) | PYTHUSDT | -0.0187% | 4 h | −41.0% |
| [BloFin](https://afterfees.xyz/venues/blofin) | PYTH-USDT | -0.0176% | 4 h | −38.6% |
| [Paradex](https://afterfees.xyz/venues/paradex) | PYTH-USD-PERP | -0.0315% | 8 h | −34.5% |
| [Aster](https://afterfees.xyz/venues/aster) | PYTHUSDT | -0.0111% | 4 h | −24.3% |
| [OKX](https://afterfees.xyz/venues/okx) | PYTH-USDT-SWAP | -0.0093% | 4 h | −20.4% |

## Coins

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

## Questions

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

Gate, at 0.35% 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._