# Borrow NMR: rates on every exchange

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

Updated 2026-10-29 20:36 UTC · https://afterfees.xyz/borrow/NMR

## NMR borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.09% | 1.03% | 1.03% | 1.09% | $243.6K | $63.8K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 7.05% | 7.90% | 8.17% | 7.90% * | $30K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 57.92% | 79.66% | 79.59% | 79.66% | $4.9K | 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 NMR: borrow and sell spot, long the perp

No reverse NMR 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._

## NMR perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [BingX](https://afterfees.xyz/venues/bingx) | NMR-USDT | -0.0154% | 4 h | −33.7% |
| [OKX](https://afterfees.xyz/venues/okx) | NMR-USDT-SWAP | -0.0154% | 4 h | −33.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | NMR_USDT | -0.0101% | 4 h | −22.1% |
| [Binance](https://afterfees.xyz/venues/binance) | NMRUSDT | -0.0098% | 4 h | −21.5% |
| [Gate](https://afterfees.xyz/venues/gate) | NMR_USDT | 0.0015% | 4 h | +3.3% |
| [Bitget](https://afterfees.xyz/venues/bitget) | NMRUSDT | 0.0021% | 4 h | +4.6% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | NMRUSDTM | 0.0041% | 4 h | +9.0% |
| [Lighter](https://afterfees.xyz/venues/lighter) | NMR | 0.0012% | 1 h | +10.5% |

## Coins

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

## Questions

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

Bitget, at 1.09% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend NMR.

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

Not right now: no reverse NMR 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._