# Borrow MNT: rates on every exchange

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

Updated 2026-10-30 05:12 UTC · https://afterfees.xyz/borrow/MNT

## MNT 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) | 3.64% | 3.60% | 3.68% | 3.64% * | $120K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 5.14% | 5.08% | 5.06% | 5.14% | $76.6K | 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 MNT: borrow and sell spot, long the perp

No reverse MNT 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._

## MNT perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_MNTUSD | -0.0049% | 1 h | −42.7% |
| [BloFin](https://afterfees.xyz/venues/blofin) | MNT-USDT | 0.0077% | 8 h | +8.4% |
| [Lighter](https://afterfees.xyz/venues/lighter) | MNT | 0.0012% | 1 h | +10.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | MNT_USDT | 0.0100% | 8 h | +10.9% |
| [ApeX](https://afterfees.xyz/venues/apex) | MNT-USDT | 0.0013% | 1 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | MNTUSDT | 0.0100% | 8 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | MNT-USDT | 0.0100% | 8 h | +10.9% |
| [Gate](https://afterfees.xyz/venues/gate) | MNT_USDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Gate, at 3.64% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend MNT.

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

Not right now: no reverse MNT 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._