# Borrow H: rates on every exchange

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

Updated 2026-10-30 02:53 UTC · https://afterfees.xyz/borrow/H

## H 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) | 1.02% | 1.01% | 1.01% | 1.02% | $18.2K | $103.5K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 5.19% | 5.21% | 5.18% | 5.21% * | $30K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 6.37% | 6.39% | 6.38% | 6.39% | $1.5K | 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 H: borrow and sell spot, long the perp

No reverse H 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._

## H perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | H_USDT | 0.0037% | 4 h | +8.1% |
| [Bybit](https://afterfees.xyz/venues/bybit) | HUSDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | HUSDT | 0.0050% | 4 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | H-USDT-SWAP | 0.0128% | 4 h | +28.1% |
| [BingX](https://afterfees.xyz/venues/bingx) | H-USDT | 0.0153% | 4 h | +33.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | H_USDT | 0.0157% | 4 h | +34.4% |
| [Binance](https://afterfees.xyz/venues/binance) | HUSDT | 0.0159% | 4 h | +34.8% |
| [BloFin](https://afterfees.xyz/venues/blofin) | H-USDT | 0.0160% | 4 h | +35.0% |

## Coins

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

## Questions

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

Bitget, at 1.02% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend H.

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

Not right now: no reverse H 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._