# Borrow ALT: rates on every exchange

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

Updated 2026-10-29 20:53 UTC · https://afterfees.xyz/borrow/ALT

## ALT borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Binance](https://afterfees.xyz/venues/binance) | 52.07% | 52.07% | 52.07% | 52.07% | $4.2K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 78.87% | 88.80% | 368.99% | 88.80% * | $30K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 78.10% | 98.71% | 100.19% | 98.71% | $3.1K | 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 ALT: borrow and sell spot, long the perp

No reverse ALT 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._

## ALT perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | ALT_USDT | -0.0750% | 8 h | −82.1% |
| [Bybit](https://afterfees.xyz/venues/bybit) | ALTUSDT | -0.0284% | 4 h | −62.2% |
| [Binance](https://afterfees.xyz/venues/binance) | ALTUSDT | -0.0280% | 4 h | −61.3% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ALT_USDT | -0.0274% | 4 h | −60.0% |
| [BloFin](https://afterfees.xyz/venues/blofin) | ALT-USDT | -0.0253% | 4 h | −55.3% |
| [BingX](https://afterfees.xyz/venues/bingx) | ALT-USDT | -0.0250% | 4 h | −54.8% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | ALT | -0.0019% | 1 h | −16.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ALTUSDTM | -0.0054% | 4 h | −11.8% |

## Coins

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

## Questions

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

Binance, at 52.07% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend ALT.

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

Not right now: no reverse ALT 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._