# Borrow LAYER: rates on every exchange

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

Updated 2026-10-29 21:01 UTC · https://afterfees.xyz/borrow/LAYER

## LAYER 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) | 6.72% | 6.82% | 8.96% | 6.82% * | $10K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 10.05% | 10.09% | 10.06% | 10.09% | $4.2K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 10.21% | 10.20% | 10.86% | 10.21% | $4.5K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 45.41% | 45.41% | 45.41% | 45.41% | $2.5K | 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 LAYER: borrow and sell spot, long the perp

No reverse LAYER 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._

## LAYER perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | LAYER | -0.0076% | 1 h | −66.2% |
| [Aster](https://afterfees.xyz/venues/aster) | LAYERUSDT | -0.0165% | 4 h | −36.2% |
| [Gate](https://afterfees.xyz/venues/gate) | LAYER_USDT | -0.0016% | 4 h | −3.5% |
| [OKX](https://afterfees.xyz/venues/okx) | LAYER-USDT-SWAP | -0.0007% | 4 h | −1.5% |
| [BloFin](https://afterfees.xyz/venues/blofin) | LAYER-USDT | -0.0002% | 4 h | −0.4% |
| [Binance](https://afterfees.xyz/venues/binance) | LAYERUSDT | -0.0001% | 4 h | −0.3% |
| [MEXC](https://afterfees.xyz/venues/mexc) | LAYER_USDT | -0.0001% | 4 h | −0.2% |
| [ApeX](https://afterfees.xyz/venues/apex) | LAYER-USDT | 0.0013% | 1 h | +10.9% |

## Coins

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

## Questions

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

Gate, at 6.82% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend LAYER.

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

Not right now: no reverse LAYER 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._