# Borrow GMX: rates on every exchange

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

Updated 2026-10-29 23:27 UTC · https://afterfees.xyz/borrow/GMX

## GMX 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) | 1.63% | 1.63% | 1.91% | 1.63% | $144.2K | $24.1K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 5.97% | 5.91% | 5.92% | 5.97% | $2.8K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 8.21% | 8.16% | 8.29% | 8.21% | $8K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 57.07% | 59.16% | 63.59% | 59.16% | $1.6K | 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._

## Reverse carry on GMX: borrow and sell spot, long the perp

No reverse GMX 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._

## GMX perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | GMXUSDT | -0.0230% | 8 h | −25.2% |
| [Gate](https://afterfees.xyz/venues/gate) | GMX_USDT | -0.0121% | 8 h | −13.2% |
| [BloFin](https://afterfees.xyz/venues/blofin) | GMX-USDT | 0.0010% | 8 h | +1.1% |
| [MEXC](https://afterfees.xyz/venues/mexc) | GMX_USDT | 0.0038% | 8 h | +4.2% |
| [Binance](https://afterfees.xyz/venues/binance) | GMXUSDT | 0.0038% | 8 h | +4.2% |
| [Lighter](https://afterfees.xyz/venues/lighter) | GMX | 0.0012% | 1 h | +10.5% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | GMXUSDTM | 0.0100% | 8 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | GMX-USDT-SWAP | 0.0100% | 8 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 1.63% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend GMX.

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

Not right now: no reverse GMX 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._