# Borrow PRL: rates on every exchange

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

Updated 2026-11-11 23:16 UTC · https://afterfees.xyz/borrow/PRL

## PRL borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.34% | 1.31% | 1.39% | 1.34% | $20.5K | $40.3K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 9.61% | 11.76% | 18.45% | 11.76% * | $20K | 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 PRL: borrow and sell spot, long the perp

No reverse PRL 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._

## PRL perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [ApeX](https://afterfees.xyz/venues/apex) | PRL-USDT | -0.0236% | 1 h | −206.8% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | io:PRL | -0.0230% | 1 h | −201.6% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | PRLUSDTM | -0.0401% | 4 h | −87.8% |
| [Lighter](https://afterfees.xyz/venues/lighter) | PRL | -0.0081% | 1 h | −71.0% |
| [BloFin](https://afterfees.xyz/venues/blofin) | PRL-USDT | 0.0026% | 4 h | +5.8% |
| [Bybit](https://afterfees.xyz/venues/bybit) | PRLUSDT | 0.0050% | 4 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | PRL_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | PRLUSDT | 0.0050% | 4 h | +10.9% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [PRL](https://afterfees.xyz/coin/PRL) |

## Questions

**Where is it cheapest to borrow PRL?**

Bitget, at 1.34% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend PRL.

**Can I earn negative funding on PRL by borrowing it?**

Not right now: no reverse PRL 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._