# Borrow SOMI: rates on every exchange

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

Updated 2026-10-30 06:23 UTC · https://afterfees.xyz/borrow/SOMI

## SOMI 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) | 1.41% | 1.41% | 1.27% | 1.41% | $26K | $41K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 38.30% | 38.48% | 38.40% | 38.48% | $5.7K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 43.81% | 53.65% | 56.01% | 53.65% | $3.8K | 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._

## Reverse carry on SOMI: borrow and sell spot, long the perp

No reverse SOMI 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._

## SOMI perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [ApeX](https://afterfees.xyz/venues/apex) | SOMI-USDT | -0.0013% | 1 h | −11.7% |
| [Gate](https://afterfees.xyz/venues/gate) | SOMI_USDT | 0.0031% | 4 h | +6.8% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SOMI_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SOMIUSDT | 0.0050% | 4 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | SOMIUSDT | 0.0050% | 4 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | SOMIUSDTM | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | SOMI-USDT | 0.0050% | 4 h | +10.9% |
| [Binance](https://afterfees.xyz/venues/binance) | SOMIUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 1.41% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend SOMI.

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

Not right now: no reverse SOMI 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._