# Borrow AXL: rates on every exchange

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

Updated 2026-10-30 05:52 UTC · https://afterfees.xyz/borrow/AXL

## AXL 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) | 5.69% | 6.52% | 8.43% | 6.52% | $103.2K | $30.8K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 42.56% | 42.58% | 42.59% | 42.58% | $2.4K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 49.96% | 66.36% | 63.97% | 66.36% | $1.8K | 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._

## Reverse carry on AXL: borrow and sell spot, long the perp

No reverse AXL 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._

## AXL perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Aster](https://afterfees.xyz/venues/aster) | AXLUSDT | -0.0244% | 4 h | −53.4% |
| [Bybit](https://afterfees.xyz/venues/bybit) | AXLUSDT | -0.0162% | 4 h | −35.5% |
| [BloFin](https://afterfees.xyz/venues/blofin) | AXL-USDT | 0.0022% | 4 h | +4.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | AXL_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | AXLUSDT | 0.0050% | 4 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | AXLUSDTM | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | AXL-USDT | 0.0050% | 4 h | +10.9% |
| [Binance](https://afterfees.xyz/venues/binance) | AXLUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 6.52% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend AXL.

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

Not right now: no reverse AXL 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._