# Borrow SPYX: rates on every exchange

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

Updated 2026-10-29 23:47 UTC · https://afterfees.xyz/borrow/SPYX

## SPYX borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | 7.31% | 7.39% | 7.90% | 7.39% * | $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 SPYX: borrow and sell spot, long the perp

No reverse SPYX 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._

## SPYX perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_SPYXUSD | 0.0065% | 1 h | +56.8% |

## Coins

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

## Questions

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

Gate, at 7.39% a year at the rate we count (the higher of the current rate and the 24 h average), among 1 exchanges that lend SPYX.

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

Not right now: no reverse SPYX 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._