Loading…
AfterFees

Borrow rates · T

Borrow T: rates on every exchange

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

Updated 2026-10-30 06:38 UTC

T borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Binance116.74%116.25%117.19%116.74%$1.3Knot publishedBorrowable
Gate117.28%651.25%607.93%651.25% *$30Knot publishedBorrowable
Bitget240.30%251.18%255.67%251.18%$65.4K$0Pool 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 T: borrow and sell spot, long the perp

No reverse T 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.

T perps, most negative funding first

ExchangeContractRateEveryAnnualised
BitgetTUSDT-0.0685%1 h−600.1%
BybitTUSDT-0.1313%4 h−287.4%
MEXCT_USDT-0.0287%1 h−251.4%
BinanceTUSDT-0.0282%1 h−247.1%
KuCoinTUSDTM-0.0285%4 h−62.4%
MEXCTSTOCK_USDT0.0000%8 h0.0%
GateT_USDT0.0012%1 h+10.5%

Coins

Funding rates and every arbitrage on this coinT

Questions

Where is it cheapest to borrow T?

Binance, at 116.74% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend T.

Can I earn negative funding on T by borrowing it?

Not right now: no reverse T 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.