# Borrow GLM: rates on every exchange

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

Updated 2026-10-30 10:14 UTC · https://afterfees.xyz/borrow/GLM

## GLM borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | 7.81% | 50.93% | 21.72% | 50.93% * | $10K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 65.06% | 68.83% | 69.75% | 68.83% | $1.5K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.01% | 1.01% | 1.01% | 1.01% | $0 | $0 | Pool exhausted |

_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 GLM: borrow and sell spot, long the perp

No reverse GLM 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._

## GLM perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | GLMUSDT | 0.0015% | 4 h | +3.4% |
| [MEXC](https://afterfees.xyz/venues/mexc) | GLM_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | GLMUSDT | 0.0050% | 4 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | GLM-USDT-SWAP | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | GLM-USDT | 0.0050% | 4 h | +10.9% |
| [Binance](https://afterfees.xyz/venues/binance) | GLMUSDT | 0.0050% | 4 h | +10.9% |
| [Gate](https://afterfees.xyz/venues/gate) | GLM_USDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Gate, at 50.93% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend GLM.

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

Not right now: no reverse GLM 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._