# Borrow ORCA: rates on every exchange

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

Updated 2026-10-29 19:46 UTC · https://afterfees.xyz/borrow/ORCA

## ORCA 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) | 8.07% | 8.07% | 9.06% | 8.07% * | $30K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 63.47% | 63.47% | 63.47% | 63.47% | $3.3K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.02% | 1.02% | 1.02% | 1.02% | $0 | $0 | 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 ORCA: borrow and sell spot, long the perp

No reverse ORCA 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._

## ORCA perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [MEXC](https://afterfees.xyz/venues/mexc) | ORCA_USDT | 0.0024% | 4 h | +5.3% |
| [Binance](https://afterfees.xyz/venues/binance) | ORCAUSDT | 0.0027% | 4 h | +5.9% |
| [BloFin](https://afterfees.xyz/venues/blofin) | ORCA-USDT | 0.0028% | 4 h | +6.2% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ORCAUSDTM | 0.0040% | 4 h | +8.8% |
| [Bitget](https://afterfees.xyz/venues/bitget) | ORCAUSDT | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | ORCA-USDT | 0.0050% | 4 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | ORCAUSDT | 0.0050% | 4 h | +10.9% |
| [Aster](https://afterfees.xyz/venues/aster) | ORCAUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Gate, at 8.07% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend ORCA.

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

Not right now: no reverse ORCA 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._