Borrow OP: rates on every exchange
Annualised margin borrow rates for OP at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-11-11 23:04 UTC
OP borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 1.37% | 1.36% | 1.57% | 1.37% | $486.4K | $182K | Borrowable |
| Bybit | 2.73% | 2.59% | 2.34% | 2.73% | $36.8K | not published | Borrowable |
| Binance | 3.01% | 3.09% | 3.80% | 3.09% | $43.9K | not published | Borrowable |
| OKX | 7.40% | 7.40% | 7.73% | 7.40% | $10.7K | not published | Borrowable |
| Gate | 12.48% | 12.41% | 12.56% | 12.48% * | $120K | 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 OP: borrow and sell spot, long the perp
No reverse OP 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.
OP perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | OP |
Questions
Where is it cheapest to borrow OP?
Bitget, at 1.37% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend OP.
Can I earn negative funding on OP by borrowing it?
Not right now: no reverse OP 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.