# 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 02:33 UTC · https://afterfees.xyz/borrow/UMA

## UMA borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | 11.92% | 9.83% | 9.79% | 11.92% | $1.6K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 14.60% | 10.26% | 9.71% | 14.60% | $9.5K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 9.55% | 25.45% | 14.17% | 25.45% * | $10K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 46.57% | 34.72% | 32.41% | 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

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | UMAUSDT | 0.0050% | 4 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | UMAUSDTM | 0.0050% | 4 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | UMA_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | UMAUSDT | 0.0050% | 4 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | UMA-USDT-SWAP | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | UMA-USDT | 0.0050% | 4 h | +10.9% |
| [Binance](https://afterfees.xyz/venues/binance) | UMAUSDT | 0.0050% | 4 h | +10.9% |
| [Aster](https://afterfees.xyz/venues/aster) | UMAUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bybit, at 11.92% 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._