# Borrow ALGO: rates on every exchange

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

Updated 2026-10-30 04:06 UTC · https://afterfees.xyz/borrow/ALGO

## ALGO 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) | 1.46% | 1.51% | 1.50% | 1.51% | $234K | $39.9K | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 2.86% | 2.67% | 2.59% | 2.86% | $8.9K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 3.35% | 3.38% | 3.34% | 3.38% | $125.6K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 4.07% | 4.07% | 4.22% | 4.07% * | $120K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 17.11% | 15.14% | 14.23% | 17.11% | $30K | 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 ALGO: borrow and sell spot, long the perp

No reverse ALGO 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._

## ALGO perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | ALGO-USDT-SWAP | -0.0214% | 8 h | −23.5% |
| [Gate](https://afterfees.xyz/venues/gate) | ALGO_USDT | -0.0156% | 8 h | −17.1% |
| [HTX](https://afterfees.xyz/venues/htx) | ALGO-USDT | -0.0104% | 8 h | −11.4% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_ALGOUSD | -0.0013% | 1 h | −11.1% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | ALGO | -0.0006% | 1 h | −5.0% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ALGO_USDT | -0.0035% | 8 h | −3.8% |
| [Binance](https://afterfees.xyz/venues/binance) | ALGOUSDT | -0.0034% | 8 h | −3.7% |
| [Bybit](https://afterfees.xyz/venues/bybit) | ALGOUSDT | -0.0010% | 8 h | −1.0% |

## Coins

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

## Questions

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

Bitget, at 1.51% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend ALGO.

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

Not right now: no reverse ALGO 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._