# Borrow AXS: rates on every exchange

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

Updated 2026-10-30 03:19 UTC · https://afterfees.xyz/borrow/AXS

## AXS 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) | 1.80% | 1.80% | 1.80% | 1.80% | $158.5K | $63K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 10.72% | 8.58% | 8.45% | 10.72% | $3.9K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 16.60% | 11.49% | 11.31% | 16.60% | $5.1K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 27.41% | 20.25% | 20.33% | 27.41% | $4.9K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 30.22% | 23.63% | 22.72% | 30.22% * | $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 AXS: borrow and sell spot, long the perp

No reverse AXS 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._

## AXS perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_AXSUSD | -0.0209% | 1 h | −182.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | AXSUSDT | -0.0230% | 8 h | −25.2% |
| [Gate](https://afterfees.xyz/venues/gate) | AXS_USDT | -0.0014% | 8 h | −1.5% |
| [GRVT](https://afterfees.xyz/venues/grvt) | AXS_USDT_Perp | 0.0000% | 4 h | 0.0% |
| [OKX](https://afterfees.xyz/venues/okx) | AXS-USDT-SWAP | 0.0032% | 4 h | +7.1% |
| [BloFin](https://afterfees.xyz/venues/blofin) | AXS-USDT | 0.0039% | 4 h | +8.5% |
| [Lighter](https://afterfees.xyz/venues/lighter) | AXS | 0.0012% | 1 h | +10.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | AXS_USDT | 0.0049% | 4 h | +10.7% |

## Coins

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

## Questions

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

Bitget, at 1.80% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend AXS.

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

Not right now: no reverse AXS 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._