Borrow PHA: rates on every exchange
Annualised margin borrow rates for PHA at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-11-11 23:12 UTC
PHA borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Gate | 5.48% | 5.83% | 6.72% | 5.83% * | $30K | not published | Borrowable |
| Binance | 50.75% | 47.24% | 40.57% | 50.75% | $6.8K | 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 PHA: borrow and sell spot, long the perp
No reverse PHA 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.
PHA perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | PHA |
Questions
Where is it cheapest to borrow PHA?
Gate, at 5.83% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend PHA.
Can I earn negative funding on PHA by borrowing it?
Not right now: no reverse PHA 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.