Borrow SPX: rates on every exchange
Annualised margin borrow rates for SPX at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-29 14:51 UTC
SPX borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bybit | 6.45% | 6.47% | 6.47% | 6.47% | $8.6K | not published | Borrowable |
| Gate | 5.43% | 7.99% | 7.53% | 7.99% * | $30K | 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 SPX: borrow and sell spot, long the perp
No reverse SPX 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.
SPX perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | SPX |
Questions
Where is it cheapest to borrow SPX?
Bybit, at 6.47% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend SPX.
Can I earn negative funding on SPX by borrowing it?
Not right now: no reverse SPX 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.