Borrow NIL: rates on every exchange
Annualised margin borrow rates for NIL at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-29 18:20 UTC
NIL borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Gate | 32.98% | 39.54% | 33.86% | 39.54% * | $30K | not published | Borrowable |
| Binance | 59.23% | 68.03% | 72.18% | 68.03% | $4.2K | not published | Borrowable |
| Bitget | 48.28% | 93.15% | 47.87% | 93.15% | $374.5K | $5.9K | 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 NIL: borrow and sell spot, long the perp
No reverse NIL 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.
NIL perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | NIL |
Questions
Where is it cheapest to borrow NIL?
Gate, at 39.54% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend NIL.
Can I earn negative funding on NIL by borrowing it?
Not right now: no reverse NIL 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.