# Borrow WIF: rates on every exchange

Annualised margin borrow rates for WIF 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/WIF

## WIF 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) | 2.29% | 2.26% | 2.73% | 2.29% | $193.2K | $5.9K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 16.31% | 16.23% | 15.02% | 16.31% | $15.5K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 16.00% | 16.39% | 16.73% | 16.39% | $27.8K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 39.14% | 44.71% | 54.92% | 44.71% | $5.9K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 75.63% | 75.63% | 75.75% | 75.63% * | $120K | 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 WIF: borrow and sell spot, long the perp

No reverse WIF 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._

## WIF perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Backpack](https://afterfees.xyz/venues/backpack) | WIF_USDC_PERP | -0.0017% | 1 h | −14.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | WIFUSDTM | -0.0002% | 4 h | −0.4% |
| [Gate](https://afterfees.xyz/venues/gate) | WIF_USDT | 0.0025% | 4 h | +5.5% |
| [BloFin](https://afterfees.xyz/venues/blofin) | WIF-USDT | 0.0042% | 4 h | +9.1% |
| [Lighter](https://afterfees.xyz/venues/lighter) | WIF | 0.0012% | 1 h | +10.5% |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | WIF | 0.0013% | 1 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | WIFUSDT | 0.0050% | 4 h | +10.9% |
| [Phemex](https://afterfees.xyz/venues/phemex) | WIFUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 2.29% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend WIF.

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

Not right now: no reverse WIF 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._