# Borrow SEI: rates on every exchange

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

Updated 2026-10-29 19:15 UTC · https://afterfees.xyz/borrow/SEI

## SEI 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) | 2.01% | 2.10% | 2.23% | 2.10% | $206.4K | $82.2K | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 7.20% | 8.21% | 8.51% | 8.21% | $3.2K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 8.97% | 9.05% | 9.07% | 9.05% | $107.1K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 19.58% | 20.10% | 20.00% | 20.10% | $9.8K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 30.15% | 30.17% | 30.24% | 30.17% * | $30K | 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 SEI: borrow and sell spot, long the perp

No reverse SEI 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._

## SEI perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_SEIUSD | -0.0084% | 1 h | −73.7% |
| [Gate](https://afterfees.xyz/venues/gate) | SEI_USDT | -0.0140% | 8 h | −15.3% |
| [Backpack](https://afterfees.xyz/venues/backpack) | SEI_USDC_PERP | -0.0001% | 1 h | −0.8% |
| [Binance](https://afterfees.xyz/venues/binance) | SEIUSDT | 0.0067% | 8 h | +7.3% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SEI_USDT | 0.0067% | 8 h | +7.3% |
| [Lighter](https://afterfees.xyz/venues/lighter) | SEI | 0.0012% | 1 h | +10.5% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SEIUSDTM | 0.0100% | 8 h | +10.9% |
| [ApeX](https://afterfees.xyz/venues/apex) | SEI-USDT | 0.0013% | 1 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 2.10% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend SEI.

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

Not right now: no reverse SEI 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._