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AfterFees

Borrow rates · GPS

Borrow GPS: rates on every exchange

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

Updated 2026-11-11 23:09 UTC

GPS borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget1.15%1.12%1.06%1.15%$46.8K$11.5KBorrowable
Gate4.90%4.96%5.02%4.96% *$30Knot publishedBorrowable
Bybit12.46%12.73%13.04%12.73%$3.1Knot publishedBorrowable
Binance15.07%15.07%17.21%15.07%$2.5Knot publishedBorrowable

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 GPS: borrow and sell spot, long the perp

No reverse GPS 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.

GPS perps, most negative funding first

ExchangeContractRateEveryAnnualised
BybitGPSUSDT-0.0541%4 h−118.5%
GateGPS_USDT-0.0212%8 h−23.2%
KrakenPF_GPSUSD-0.0024%1 h−21.4%
AsterGPSUSDT0.0012%4 h+2.7%
KuCoinGPSUSDTM0.0050%4 h+10.9%
MEXCGPS_USDT0.0050%4 h+10.9%
WhiteBITGPS_PERP0.0050%4 h+10.9%
BitgetGPSUSDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinGPS

Questions

Where is it cheapest to borrow GPS?

Bitget, at 1.15% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend GPS.

Can I earn negative funding on GPS by borrowing it?

Not right now: no reverse GPS 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.