# Borrow NEWT: rates on every exchange

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

Updated 2026-10-29 22:56 UTC · https://afterfees.xyz/borrow/NEWT

## NEWT borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Binance](https://afterfees.xyz/venues/binance) | 89.90% | 88.40% | 88.49% | 89.90% | $1.8K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 132.83% | 33.46% | 25.74% | 132.83% | $2.1K | not published | Suspected exhausted (rate spike) |
| [Bitget](https://afterfees.xyz/venues/bitget) | 150.38% | 25.63% | 26.76% | 150.38% | $82.5K | $7 | Suspected exhausted (rate spike) |
| [Gate](https://afterfees.xyz/venues/gate) | 589.20% | 54.53% | 55.42% | 589.20% * | $20K | not published | Pool 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 NEWT: borrow and sell spot, long the perp

No reverse NEWT 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._

## NEWT perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | NEWT_USDT | -0.3236% | 8 h | −354.3% |
| [MEXC](https://afterfees.xyz/venues/mexc) | NEWT_USDT | -0.0152% | 4 h | −33.3% |
| [Binance](https://afterfees.xyz/venues/binance) | NEWTUSDT | -0.0140% | 4 h | −30.7% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | NEWTUSDTM | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | NEWTUSDT | 0.0050% | 4 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | NEWTUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Binance, at 89.90% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend NEWT.

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

Not right now: no reverse NEWT 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._