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AfterFees

Borrow rates · POL

Borrow POL: rates on every exchange

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

Updated 2026-11-11 23:19 UTC

POL borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bybit3.65%3.92%4.39%3.92%$35.8Knot publishedBorrowable
Bitget5.71%5.76%5.79%5.76%$618.5K$168.7KBorrowable
Binance14.17%14.42%14.62%14.42%$26.8Knot publishedBorrowable
Gate16.45%16.35%16.37%16.45% *$30Knot publishedBorrowable
OKX9.41%6.43%1.86%9.41%$24.2Knot publishedSuspected exhausted (rate spike)

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 POL: borrow and sell spot, long the perp

No reverse POL 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.

POL perps, most negative funding first

ExchangeContractRateEveryAnnualised
KrakenPF_POLUSD-0.0109%1 h−95.3%
GatePOL_USDT-0.0120%4 h−26.3%
BitunixPOLUSDT-0.0081%4 h−17.7%
LBankPOLUSDT-0.0074%4 h−16.2%
BinancePOLUSDT-0.0074%4 h−16.1%
MEXCPOL_USDT-0.0073%4 h−16.0%
ExtendedPOL-USD-0.0018%1 h−15.8%
OKXPOL-USDT-SWAP-0.0069%4 h−15.1%

Coins

Funding rates and every arbitrage on this coinPOL

Questions

Where is it cheapest to borrow POL?

Bybit, at 3.92% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend POL.

Can I earn negative funding on POL by borrowing it?

Not right now: no reverse POL 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.