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AfterFees

Borrow rates · SPK

Borrow SPK: rates on every exchange

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

Updated 2026-11-11 23:19 UTC

SPK borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bybit12.03%11.91%11.74%12.03%$7.1Knot publishedBorrowable
OKX13.31%14.07%15.67%14.07%$3.9Knot publishedBorrowable
Binance25.15%25.60%31.31%25.60%$5.1Knot publishedBorrowable
Gate59.30%59.29%59.55%59.30% *$30Knot publishedBorrowable
Bitget5.79%2.23%1.47%5.79%$172.9K$22.4KSuspected 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 SPK: borrow and sell spot, long the perp

No reverse SPK 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.

SPK perps, most negative funding first

ExchangeContractRateEveryAnnualised
BybitSPKUSDT0.0046%4 h+10.2%
KuCoinSPKUSDTM0.0050%4 h+10.9%
MEXCSPK_USDT0.0050%4 h+10.9%
BitgetSPKUSDT0.0050%4 h+10.9%
OKXSPK-USDT-SWAP0.0050%4 h+10.9%
LBankSPKUSDT0.0050%4 h+10.9%
BitunixSPKUSDT0.0050%4 h+10.9%
BingXSPK-USDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinSPK

Questions

Where is it cheapest to borrow SPK?

Bybit, at 12.03% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend SPK.

Can I earn negative funding on SPK by borrowing it?

Not right now: no reverse SPK 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.