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AfterFees

Borrow rates · SOPH

Borrow SOPH: rates on every exchange

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

Updated 2026-10-30 03:19 UTC

SOPH borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget5.31%5.11%42.47%5.31%$5K$8.5KBorrowable
Binance74.78%72.88%72.79%74.78%$1.7Knot publishedBorrowable
Gate21.49%74.81%170.50%74.81% *$20Knot 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 SOPH: borrow and sell spot, long the perp

No reverse SOPH 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.

SOPH perps, most negative funding first

ExchangeContractRateEveryAnnualised
BybitSOPHUSDT-0.0388%4 h−85.0%
BingXSOPH-USDT-0.0388%4 h−85.0%
HyperliquidSOPH-0.0064%1 h−56.4%
BinanceSOPHUSDT-0.0075%4 h−16.5%
MEXCSOPH_USDT-0.0074%4 h−16.2%
KuCoinSOPHUSDTM0.0050%4 h+10.9%
BitgetSOPHUSDT0.0050%4 h+10.9%
OKXSOPH-USDT-SWAP0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinSOPH

Questions

Where is it cheapest to borrow SOPH?

Bitget, at 5.31% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend SOPH.

Can I earn negative funding on SOPH by borrowing it?

Not right now: no reverse SOPH 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.