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AfterFees

Borrow rates · PEPE

Borrow PEPE: rates on every exchange

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

Updated 2026-11-12 00:11 UTC

PEPE borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
OKX1.01%1.01%1.01%1.01%$172.7Knot publishedBorrowable
Bybit1.65%1.53%1.53%1.65%$291.7Knot publishedBorrowable
Bitget2.05%2.09%2.10%2.09%$227.3K$895.4KBorrowable
Binance2.34%1.91%1.75%2.34%$265.8Knot publishedBorrowable
Gate2.65%2.22%2.27%2.65% *$600Knot 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 PEPE: borrow and sell spot, long the perp

No reverse PEPE 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.

PEPE perps, most negative funding first

ExchangeContractRateEveryAnnualised
Bitunix1000PEPEUSDC-0.0148%8 h−16.2%
HyperliquidkPEPE-0.0018%1 h−16.0%
KrakenPF_PEPEUSD-0.0018%1 h−15.9%
GatePEPE_USDT-0.0129%8 h−14.1%
BloFinPEPE-USDT-0.0102%8 h−11.1%
OKXPEPE-USDT-SWAP-0.0079%8 h−8.7%
KuCoinPEPEUSDTM-0.0052%8 h−5.7%
Binance1000PEPEUSDT-0.0048%8 h−5.3%

Coins

Funding rates and every arbitrage on this coinPEPE

Questions

Where is it cheapest to borrow PEPE?

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend PEPE.

Can I earn negative funding on PEPE by borrowing it?

Not right now: no reverse PEPE 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.