# Borrow VIRTUAL: rates on every exchange

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

Updated 2026-10-30 04:51 UTC · https://afterfees.xyz/borrow/VIRTUAL

## VIRTUAL 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) | 3.60% | 1.67% | 1.45% | 3.60% | $192.3K | $95.5K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 3.66% | 3.40% | 3.34% | 3.66% | $41.1K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 31.29% | 24.89% | 23.99% | 31.29% | $44.4K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 38.11% | 39.97% | 35.54% | 39.97% * | $120K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 34.10% | 12.96% | 10.33% | 34.10% | $2.9K | not published | Suspected exhausted (rate spike) |

_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 VIRTUAL: borrow and sell spot, long the perp

No reverse VIRTUAL 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._

## VIRTUAL perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | VIRTUAL-USDT-SWAP | -0.0179% | 4 h | −39.2% |
| [Bybit](https://afterfees.xyz/venues/bybit) | VIRTUALUSDT | -0.0125% | 4 h | −27.5% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_VIRTUALUSD | -0.0025% | 1 h | −21.6% |
| [MEXC](https://afterfees.xyz/venues/mexc) | VIRTUAL_USDT | -0.0059% | 4 h | −12.9% |
| [Binance](https://afterfees.xyz/venues/binance) | VIRTUALUSDT | -0.0056% | 4 h | −12.3% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | VIRTUAL | -0.0005% | 1 h | −4.2% |
| [ApeX](https://afterfees.xyz/venues/apex) | VIRTUAL-USDT | 0.0002% | 1 h | +1.6% |
| [GRVT](https://afterfees.xyz/venues/grvt) | VIRTUAL_USDT_Perp | 0.0024% | 4 h | +5.3% |

## Coins

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

## Questions

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

Bitget, at 3.60% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend VIRTUAL.

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

Not right now: no reverse VIRTUAL 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._