# Borrow FET: rates on every exchange

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

Updated 2026-10-29 23:01 UTC · https://afterfees.xyz/borrow/FET

## FET 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) | 1.79% | 1.58% | 1.48% | 1.79% | $461.1K | $90K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 8.75% | 8.75% | 8.75% | 8.75% | $16.6K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 10.51% | 10.75% | 10.89% | 10.75% | $47.1K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 11.63% | 11.71% | 11.73% | 11.71% * | $120K | 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 FET: borrow and sell spot, long the perp

No reverse FET 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._

## FET perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | FET-USDT-SWAP | -0.0271% | 4 h | −59.4% |
| [Binance](https://afterfees.xyz/venues/binance) | FETUSDT | -0.0510% | 8 h | −55.8% |
| [MEXC](https://afterfees.xyz/venues/mexc) | FET_USDT | -0.0498% | 8 h | −54.5% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_FETUSD | -0.0053% | 1 h | −46.0% |
| [BloFin](https://afterfees.xyz/venues/blofin) | FET-USDT | -0.0349% | 8 h | −38.2% |
| [Gate](https://afterfees.xyz/venues/gate) | FET_USDT | -0.0283% | 8 h | −31.0% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | FET | -0.0034% | 1 h | −30.1% |
| [Bitget](https://afterfees.xyz/venues/bitget) | FETUSDT | -0.0172% | 8 h | −18.8% |

## Coins

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

## Questions

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

Bitget, at 1.79% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend FET.

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

Not right now: no reverse FET 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._