Borrow PYTH: rates on every exchange
Annualised margin borrow rates for PYTH at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-11-11 23:11 UTC
PYTH borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Gate | 0.36% | 0.45% | 0.36% | 0.45% * | $30K | not published | Borrowable |
| Bitget | 1.38% | 2.50% | 3.43% | 2.50% | $427.5K | $183.8K | Borrowable |
| Bybit | 6.10% | 6.53% | 5.96% | 6.53% | $12.7K | not published | Borrowable |
| OKX | 7.10% | 7.59% | 7.33% | 7.59% | $30.8K | not published | Borrowable |
| Binance | 19.43% | 16.66% | 12.20% | 19.43% | $6.4K | 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 PYTH: borrow and sell spot, long the perp
No reverse PYTH 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.
PYTH perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | PYTH |
Questions
Where is it cheapest to borrow PYTH?
Gate, at 0.45% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend PYTH.
Can I earn negative funding on PYTH by borrowing it?
Not right now: no reverse PYTH 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.