# Borrow SKY: rates on every exchange

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

Updated 2026-10-31 12:45 UTC · https://afterfees.xyz/borrow/SKY

## SKY 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) | 1.70% | 1.83% | 1.75% | 1.83% | $273.1K | $202.2K | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 4.41% | 4.45% | 4.97% | 4.45% | $24.5K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 4.50% | 4.56% | 5.20% | 4.56% | $13.2K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 7.47% | 7.69% | 9.08% | 7.69% * | $30K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 41.45% | 43.00% | 53.22% | 43.00% | $9.9K | 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 SKY: borrow and sell spot, long the perp

No reverse SKY 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._

## SKY perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SKYUSDTM | -0.0222% | 4 h | −48.6% |
| [Bybit](https://afterfees.xyz/venues/bybit) | SKYUSDT | -0.0029% | 4 h | −6.3% |
| [Lighter](https://afterfees.xyz/venues/lighter) | SKY | 0.0012% | 1 h | +10.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SKY_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SKYUSDT | 0.0050% | 4 h | +10.9% |
| [ApeX](https://afterfees.xyz/venues/apex) | SKY-USDT | 0.0013% | 1 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | SKY-USDT-SWAP | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | SKY-USDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 1.83% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend SKY.

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

Not right now: no reverse SKY 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._