# Borrow C98: rates on every exchange

Annualised margin borrow rates for C98 at VIP 0, and whether borrowing it to collect negative funding pays after every cost.

Updated 2026-10-29 22:57 UTC · https://afterfees.xyz/borrow/C98

## C98 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) | 11.78% | 11.60% | 11.59% | 11.78% | $1.8K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 23.30% | 15.90% | 13.53% | 23.30% * | $10K | 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 C98: borrow and sell spot, long the perp

No reverse C98 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._

## C98 perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_C98USD | -0.0372% | 1 h | −325.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | C98_USDT | 0.0034% | 8 h | +3.7% |
| [Binance](https://afterfees.xyz/venues/binance) | C98USDT | 0.0036% | 8 h | +3.9% |
| [BloFin](https://afterfees.xyz/venues/blofin) | C98-USDT | 0.0053% | 8 h | +5.8% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | C98USDTM | 0.0100% | 8 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | C98USDT | 0.0100% | 8 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | C98USDT | 0.0100% | 8 h | +10.9% |
| [Gate](https://afterfees.xyz/venues/gate) | C98_USDT | 0.0100% | 8 h | +10.9% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [C98](https://afterfees.xyz/coin/C98) |

## Questions

**Where is it cheapest to borrow C98?**

Binance, at 11.78% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend C98.

**Can I earn negative funding on C98 by borrowing it?**

Not right now: no reverse C98 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._