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AfterFees

Borrow rates · FHE

Borrow FHE: rates on every exchange

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

Updated 2026-10-29 22:17 UTC

FHE borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Gate7.48%7.53%7.71%7.53% *$30Knot publishedBorrowable

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 FHE: borrow and sell spot, long the perp

No reverse FHE 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.

FHE perps, most negative funding first

ExchangeContractRateEveryAnnualised
KuCoinFHEUSDTM0.0050%4 h+10.9%
MEXCFHE_USDT0.0050%4 h+10.9%
BingXFHE-USDT0.0050%4 h+10.9%
BybitFHEUSDT0.0050%4 h+10.9%
AsterFHEUSDT0.0050%4 h+10.9%
BinanceFHEUSDT0.0050%4 h+10.9%
GateFHE_USDT0.0100%8 h+10.9%

Coins

Funding rates and every arbitrage on this coinFHE

Questions

Where is it cheapest to borrow FHE?

Gate, at 7.53% a year at the rate we count (the higher of the current rate and the 24 h average), among 1 exchanges that lend FHE.

Can I earn negative funding on FHE by borrowing it?

Not right now: no reverse FHE 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.