Loading…
AfterFees

Borrow rates · MEW

Borrow MEW: rates on every exchange

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

Updated 2026-10-30 10:31 UTC

MEW borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bybit10.85%15.59%19.97%15.59%$931not publishedBorrowable
Gate11.32%15.78%36.14%15.78% *$20Knot publishedBorrowable
OKX26.51%27.33%31.30%27.33%$5.8Knot publishedBorrowable

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 MEW: borrow and sell spot, long the perp

No reverse MEW 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.

MEW perps, most negative funding first

ExchangeContractRateEveryAnnualised
KrakenPF_MEWUSD-0.0025%1 h−21.7%
BingXMEW-USDT0.0015%4 h+3.4%
OKXMEW-USDT-SWAP0.0031%4 h+6.7%
BybitMEWUSDT0.0050%4 h+10.9%
MEXCMEW_USDT0.0050%4 h+10.9%
BitgetMEWUSDT0.0050%4 h+10.9%
KuCoinMEWUSDTM0.0050%4 h+10.9%
BinanceMEWUSDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinMEW

Questions

Where is it cheapest to borrow MEW?

Bybit, at 15.59% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend MEW.

Can I earn negative funding on MEW by borrowing it?

Not right now: no reverse MEW 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.