# Borrow IO: rates on every exchange

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

Updated 2026-10-29 20:41 UTC · https://afterfees.xyz/borrow/IO

## IO 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) | 7.14% | 2.98% | 2.67% | 7.14% | $158.8K | $8.1K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 38.24% | 38.52% | 38.45% | 38.52% | $8.7K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 42.24% | 45.48% | 48.88% | 45.48% | $7.7K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 75.95% | 79.14% | 78.55% | 79.14% * | $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 IO: borrow and sell spot, long the perp

No reverse IO 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._

## IO perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | IO | -0.0010% | 1 h | −8.4% |
| [BloFin](https://afterfees.xyz/venues/blofin) | IO-USDT | -0.0002% | 4 h | −0.5% |
| [Binance](https://afterfees.xyz/venues/binance) | IOUSDT | 0.0011% | 4 h | +2.4% |
| [Gate](https://afterfees.xyz/venues/gate) | IO_USDT | 0.0020% | 4 h | +4.4% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | IOUSDTM | 0.0050% | 4 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | IO_USDT | 0.0050% | 4 h | +10.9% |
| [ApeX](https://afterfees.xyz/venues/apex) | IO-USDT | 0.0013% | 1 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | IOUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 7.14% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend IO.

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

Not right now: no reverse IO 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._