# Borrow ONG: rates on every exchange

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

Updated 2026-10-30 06:38 UTC · https://afterfees.xyz/borrow/ONG

## ONG borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | 11.67% | 11.81% | 22.11% | 11.81% * | $10K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 119.43% | 119.43% | 119.43% | 119.43% | $2.6K | 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 ONG: borrow and sell spot, long the perp

No reverse ONG 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._

## ONG perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | ONG_USDT | -0.0081% | 4 h | −17.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ONG_USDT | 0.0050% | 4 h | +10.9% |
| [HTX](https://afterfees.xyz/venues/htx) | ONG-USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | ONGUSDT | 0.0050% | 4 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | ONGUSDT | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | ONG-USDT | 0.0050% | 4 h | +10.9% |
| [Binance](https://afterfees.xyz/venues/binance) | ONGUSDT | 0.0050% | 4 h | +10.9% |
| [Aster](https://afterfees.xyz/venues/aster) | ONGUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Gate, at 11.81% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend ONG.

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

Not right now: no reverse ONG 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._