# Borrow VELVET: rates on every exchange

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

Updated 2026-10-30 05:12 UTC · https://afterfees.xyz/borrow/VELVET

## VELVET 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) | 1.05% | 1.08% | 1.07% | 1.08% | $40.1K | $62.9K | 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._

## Reverse carry on VELVET: borrow and sell spot, long the perp

No reverse VELVET 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._

## VELVET perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [KuCoin](https://afterfees.xyz/venues/kucoin) | VELVETUSDTM | -0.0334% | 4 h | −73.1% |
| [HTX](https://afterfees.xyz/venues/htx) | VELVET-USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | VELVETUSDT | 0.0050% | 4 h | +10.9% |
| [Gate](https://afterfees.xyz/venues/gate) | VELVET_USDT | 0.0050% | 4 h | +10.9% |
| [Aster](https://afterfees.xyz/venues/aster) | VELVETUSDT | 0.0066% | 4 h | +14.4% |
| [BloFin](https://afterfees.xyz/venues/blofin) | VELVET-USDT | 0.0288% | 4 h | +63.1% |
| [MEXC](https://afterfees.xyz/venues/mexc) | VELVET_USDT | 0.0302% | 4 h | +66.1% |
| [Binance](https://afterfees.xyz/venues/binance) | VELVETUSDT | 0.0302% | 4 h | +66.2% |

## Coins

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

## Questions

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

Bitget, at 1.08% a year at the rate we count (the higher of the current rate and the 24 h average), among 1 exchanges that lend VELVET.

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

Not right now: no reverse VELVET 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._