# Borrow GMT: rates on every exchange

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

Updated 2026-10-29 19:02 UTC · https://afterfees.xyz/borrow/GMT

## GMT 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) | 6.11% | 7.94% | 14.63% | 7.94% | $43.6K | $11.5K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 12.69% | 41.53% | 33.90% | 41.53% | $5.6K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 55.90% | 71.16% | 64.95% | 71.16% | $4K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 40.40% | 108.95% | 86.02% | 108.95% | $2.7K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 115.85% | 267.15% | 206.73% | 267.15% * | $30K | 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 GMT: borrow and sell spot, long the perp

No reverse GMT 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._

## GMT perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [KuCoin](https://afterfees.xyz/venues/kucoin) | GMTUSDTM | -0.0571% | 4 h | −125.0% |
| [Bitget](https://afterfees.xyz/venues/bitget) | GMTUSDT | -0.0241% | 4 h | −52.8% |
| [Gate](https://afterfees.xyz/venues/gate) | GMT_USDT | -0.0395% | 8 h | −43.3% |
| [OKX](https://afterfees.xyz/venues/okx) | GMT-USDT-SWAP | -0.0089% | 4 h | −19.6% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | GMT | -0.0019% | 1 h | −17.0% |
| [Binance](https://afterfees.xyz/venues/binance) | GMTUSDT | -0.0049% | 4 h | −10.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | GMT_USDT | -0.0045% | 4 h | −9.9% |
| [Aster](https://afterfees.xyz/venues/aster) | GMTUSDT | 0.0006% | 4 h | +1.4% |

## Coins

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

## Questions

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

Bitget, at 7.94% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend GMT.

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

Not right now: no reverse GMT 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._