# Borrow NEAR: rates on every exchange

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

Updated 2026-10-29 21:26 UTC · https://afterfees.xyz/borrow/NEAR

## NEAR borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | 1.01% | 1.01% | 1.01% | 1.01% | $261.5K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 2.67% | 3.02% | 3.32% | 3.02% | $295.2K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 3.07% | 2.96% | 2.44% | 3.07% | $2.1M | $823.7K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 3.76% | 4.19% | 4.53% | 4.19% * | $240K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 7.10% | 7.02% | 7.03% | 7.10% | $227.1K | 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 NEAR: borrow and sell spot, long the perp

No reverse NEAR 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._

## NEAR perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Aster](https://afterfees.xyz/venues/aster) | NEARUSDT | -0.0491% | 8 h | −53.8% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_NEARUSD | -0.0043% | 1 h | −37.4% |
| [ApeX](https://afterfees.xyz/venues/apex) | NEAR-USDT | -0.0025% | 1 h | −21.6% |
| [Gate](https://afterfees.xyz/venues/gate) | NEAR_USDT | -0.0047% | 8 h | −5.1% |
| [dYdX](https://afterfees.xyz/venues/dydx) | NEAR-USD | 0.0000% | 1 h | 0.0% |
| [MEXC](https://afterfees.xyz/venues/mexc) | NEAR_USDT | 0.0022% | 8 h | +2.4% |
| [Binance](https://afterfees.xyz/venues/binance) | NEARUSDT | 0.0023% | 8 h | +2.5% |
| [Paradex](https://afterfees.xyz/venues/paradex) | NEAR-USD-PERP | 0.0040% | 8 h | +4.4% |

## Coins

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

## Questions

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

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend NEAR.

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

Not right now: no reverse NEAR 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._