# 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 23:29 UTC · https://afterfees.xyz/borrow/SPK

## SPK borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | 12.03% | 11.91% | 11.74% | 12.03% | $7.1K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 13.31% | 14.06% | 15.67% | 14.06% | $3.9K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 25.15% | 25.60% | 31.31% | 25.60% | $5.1K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 59.30% | 59.29% | 59.55% | 59.30% * | $30K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 5.79% | 2.23% | 1.47% | 5.79% | $172.9K | $22.4K | Suspected 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

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | SPKUSDT | 0.0050% | 4 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SPKUSDTM | 0.0050% | 4 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SPK_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SPKUSDT | 0.0050% | 4 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | SPK-USDT-SWAP | 0.0050% | 4 h | +10.9% |
| [LBank](https://afterfees.xyz/venues/lbank) | SPKUSDT | 0.0050% | 4 h | +10.9% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | SPKUSDT | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | SPK-USDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## 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._