# Borrow USTC: rates on every exchange

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

Updated 2026-10-30 11:17 UTC · https://afterfees.xyz/borrow/USTC

## USTC 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) | 24.93% | 24.91% | 24.93% | 24.93% | $1.3K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 28.59% | 29.01% | 29.30% | 29.01% | $1.5K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 53.54% | 53.55% | 53.61% | 53.55% * | $20K | 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 USTC: borrow and sell spot, long the perp

No reverse USTC 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._

## USTC perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | USTCUSDT | 0.0050% | 4 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | USTC_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | USTCUSDT | 0.0050% | 4 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | USTCUSDTM | 0.0050% | 4 h | +10.9% |
| [Binance](https://afterfees.xyz/venues/binance) | USTCUSDT | 0.0050% | 4 h | +10.9% |
| [Gate](https://afterfees.xyz/venues/gate) | USTC_USDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bybit, at 24.93% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend USTC.

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

Not right now: no reverse USTC 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._