Borrow UMA: rates on every exchange
Annualised margin borrow rates for UMA at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-30 00:57 UTC
UMA borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bybit | 9.61% | 9.75% | 9.74% | 9.75% | $1.6K | not published | Borrowable |
| OKX | 9.10% | 10.00% | 9.59% | 10.00% | $9.3K | not published | Borrowable |
| Gate | 9.50% | 25.61% | 14.21% | 25.61% * | $10K | not published | Borrowable |
| Binance | 46.57% | 33.23% | 31.64% | 46.57% | $1.3K | 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 UMA: borrow and sell spot, long the perp
No reverse UMA 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.
UMA perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | UMA |
Questions
Where is it cheapest to borrow UMA?
Bybit, at 9.75% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend UMA.
Can I earn negative funding on UMA by borrowing it?
Not right now: no reverse UMA 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.