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AfterFees

Borrow rates · GAS

Borrow GAS: rates on every exchange

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

Updated 2026-10-29 19:40 UTC

GAS borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
OKX30.41%20.90%19.95%30.41%$5.8Knot publishedBorrowable
Binance39.39%38.72%38.67%39.39%$2.4Knot publishedBorrowable
Bitget1.02%1.03%1.06%1.03%$0$0Pool exhausted
Gate305.27%95.37%32.15%305.27% *$20Knot publishedSuspected exhausted (rate spike)

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 GAS: borrow and sell spot, long the perp

No reverse GAS 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.

GAS perps, most negative funding first

ExchangeContractRateEveryAnnualised
HyperliquidGAS-0.0047%1 h−40.8%
GateGAS_USDT-0.0140%4 h−30.7%
KuCoinGASUSDTM-0.0080%4 h−17.5%
BloFinGAS-USDT0.0009%4 h+2.0%
MEXCGAS_USDT0.0023%4 h+5.0%
BinanceGASUSDT0.0025%4 h+5.5%
OKXGAS-USDT-SWAP0.0048%4 h+10.6%
BitgetGASUSDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinGAS

Questions

Where is it cheapest to borrow GAS?

OKX, at 30.41% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend GAS.

Can I earn negative funding on GAS by borrowing it?

Not right now: no reverse GAS 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.