# Borrow SPK: rates on every exchange

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

Updated 2026-10-29 16:11 UTC · https://afterfees.xyz/borrow/SPK

## SPK 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) | 1.45% | 1.79% | 6.09% | 1.79% | $209.5K | $33.5K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 10.83% | 11.14% | 11.15% | 11.14% | $8.6K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 13.51% | 13.96% | 13.93% | 13.96% | $4.7K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 42.87% | 35.18% | 33.85% | 42.87% | $6.2K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 58.95% | 59.08% | 49.43% | 59.08% * | $20K | 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 SPK: borrow and sell spot, long the perp

No reverse SPK 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._

## SPK perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_SPKUSD | -0.0174% | 1 h | −152.7% |
| [BloFin](https://afterfees.xyz/venues/blofin) | SPK-USDT | 0.0039% | 4 h | +8.6% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SPKUSDTM | 0.0050% | 4 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SPK_USDT | 0.0050% | 4 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | SPK-USDT-SWAP | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SPKUSDT | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | SPK-USDT | 0.0050% | 4 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | SPKUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 1.79% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend SPK.

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

Not right now: no reverse SPK 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._