# Borrow TLM: rates on every exchange

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

Updated 2026-10-29 20:31 UTC · https://afterfees.xyz/borrow/TLM

## TLM 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) | 1.01% | 1.01% | 3.18% | 1.01% | $35.8K | $0 | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 13.03% | 12.36% | 12.08% | 13.03% * | $10K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 78.32% | 68.93% | 67.94% | 78.32% | $2.1K | 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 TLM: borrow and sell spot, long the perp

No reverse TLM 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._

## TLM perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_TLMUSD | -0.0101% | 1 h | −88.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | TLM_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | TLMUSDT | 0.0050% | 4 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | TLMUSDT | 0.0100% | 8 h | +10.9% |
| [Aster](https://afterfees.xyz/venues/aster) | TLMUSDT | 0.0050% | 4 h | +10.9% |
| [Binance](https://afterfees.xyz/venues/binance) | TLMUSDT | 0.0050% | 4 h | +10.9% |
| [Gate](https://afterfees.xyz/venues/gate) | TLM_USDT | 0.0100% | 8 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | TLM-USDT | 0.0100% | 4 h | +21.9% |

## Coins

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

## Questions

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

Bitget, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend TLM.

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

Not right now: no reverse TLM 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._