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AfterFees

Borrow rates · MTL

Borrow MTL: rates on every exchange

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

Updated 2026-10-30 00:27 UTC

MTL borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Gate17.69%14.00%123.09%17.69% *$10Knot publishedBorrowable
Binance87.36%86.48%86.47%87.36%$504not 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 MTL: borrow and sell spot, long the perp

No reverse MTL 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.

MTL perps, most negative funding first

ExchangeContractRateEveryAnnualised
BingXMTL-USDT-0.0634%4 h−138.8%
BybitMTLUSDT-0.0901%8 h−98.6%
AsterMTLUSDT-0.0006%4 h−1.4%
KuCoinMTLUSDTM0.0050%4 h+10.9%
MEXCMTL_USDT0.0050%4 h+10.9%
BitgetMTLUSDT0.0050%4 h+10.9%
BinanceMTLUSDT0.0050%4 h+10.9%
GateMTL_USDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinMTL

Questions

Where is it cheapest to borrow MTL?

Gate, at 17.69% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend MTL.

Can I earn negative funding on MTL by borrowing it?

Not right now: no reverse MTL 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.