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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 05:06 UTC

MEW borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bybit10.90%16.27%20.93%16.27%$945not publishedBorrowable
Gate11.39%16.96%38.37%16.96% *$20Knot publishedBorrowable
OKX26.31%29.54%31.87%29.54%$5.9Knot publishedBorrowable
Bitget1.01%1.01%1.01%1.01%$0$0Pool exhausted

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
BingXMEW-USDT0.0035%4 h+7.7%
MEXCMEW_USDT0.0050%4 h+10.9%
OKXMEW-USDT-SWAP0.0050%4 h+10.9%
BitgetMEWUSDT0.0050%4 h+10.9%
BybitMEWUSDT0.0050%4 h+10.9%
KuCoinMEWUSDTM0.0050%4 h+10.9%
BinanceMEWUSDT0.0050%4 h+10.9%
GateMEW_USDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinMEW

Questions

Where is it cheapest to borrow MEW?

Bybit, at 16.27% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 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.