# Borrow WIF: rates on every exchange

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

Updated 2026-10-29 20:31 UTC · https://afterfees.xyz/borrow/WIF

## WIF 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) | 2.03% | 1.98% | 3.34% | 2.03% | $222.1K | $8.1K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 11.39% | 11.29% | 11.22% | 11.39% | $17.8K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 15.71% | 16.27% | 16.40% | 16.27% | $32K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 55.46% | 54.58% | 54.42% | 55.46% | $6.8K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 75.27% | 75.44% | 76.82% | 75.44% * | $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 WIF: borrow and sell spot, long the perp

No reverse WIF 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._

## WIF perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | WIFUSDT | -0.0250% | 4 h | −54.8% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_WIFUSD | -0.0027% | 1 h | −23.8% |
| [Backpack](https://afterfees.xyz/venues/backpack) | WIF_USDC_PERP | -0.0023% | 1 h | −19.7% |
| [Gate](https://afterfees.xyz/venues/gate) | WIF_USDT | -0.0066% | 4 h | −14.5% |
| [ApeX](https://afterfees.xyz/venues/apex) | WIF-USDT | -0.0006% | 1 h | −5.7% |
| [Lighter](https://afterfees.xyz/venues/lighter) | WIF | 0.0012% | 1 h | +10.5% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | WIFUSDTM | 0.0050% | 4 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | WIF_USDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 2.03% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend WIF.

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

Not right now: no reverse WIF 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._