# 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 06:23 UTC · https://afterfees.xyz/borrow/SOPH

## SOPH 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) | 5.05% | 5.10% | 40.37% | 5.10% | $6K | $6.5K | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 74.78% | 73.20% | 72.93% | 74.78% | $2.1K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 589.20% | 92.74% | 174.71% | 589.20% * | $20K | not published | Pool exhausted |

_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

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | SOPH | -0.0155% | 1 h | −135.6% |
| [Binance](https://afterfees.xyz/venues/binance) | SOPHUSDT | -0.0500% | 4 h | −109.4% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SOPH_USDT | -0.0498% | 4 h | −109.1% |
| [OKX](https://afterfees.xyz/venues/okx) | SOPH-USDT-SWAP | -0.0491% | 4 h | −107.4% |
| [BingX](https://afterfees.xyz/venues/bingx) | SOPH-USDT | -0.0463% | 4 h | −101.4% |
| [Bybit](https://afterfees.xyz/venues/bybit) | SOPHUSDT | -0.0226% | 4 h | −49.4% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SOPHUSDT | -0.0080% | 4 h | −17.5% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SOPHUSDTM | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 5.10% 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._