# Borrow LUNA: rates on every exchange

Annualised margin borrow rates for LUNA 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/LUNA

## LUNA borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | 9.84% | 9.77% | 9.56% | 9.84% | $2.3K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 15.21% | 14.23% | 14.41% | 15.21% | $10K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 42.63% | 44.88% | 44.90% | 44.88% | $2.5K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 53.09% | 53.09% | 53.09% | 53.09% * | $0 | not published | Not lendable |

_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 LUNA: borrow and sell spot, long the perp

No reverse LUNA 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._

## LUNA perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [KuCoin](https://afterfees.xyz/venues/kucoin) | LUNAUSDTM | -0.0048% | 4 h | −10.5% |
| [Bitget](https://afterfees.xyz/venues/bitget) | LUNAUSDT | 0.0050% | 4 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | LUNA-USDT-SWAP | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | LUNA-USDT | 0.0050% | 4 h | +10.9% |
| [Gate](https://afterfees.xyz/venues/gate) | LUNA_USDT | 0.0100% | 8 h | +10.9% |

## Coins

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

## Questions

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

Bybit, at 9.84% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend LUNA.

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

Not right now: no reverse LUNA 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._