# Borrow WAL: rates on every exchange

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

Updated 2026-10-29 22:07 UTC · https://afterfees.xyz/borrow/WAL

## WAL 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) | 1.59% | 5.27% | 7.71% | 5.27% | $178.3K | $2.6K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 7.90% | 7.98% | 13.15% | 7.98% * | $30K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 8.40% | 9.50% | 9.54% | 9.50% | $6.2K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 64.11% | 60.33% | 82.08% | 64.11% | $8.8K | 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 WAL: borrow and sell spot, long the perp

No reverse WAL 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._

## WAL perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Aster](https://afterfees.xyz/venues/aster) | WALUSDT | -0.0185% | 4 h | −40.5% |
| [Gate](https://afterfees.xyz/venues/gate) | WAL_USDT | -0.0131% | 4 h | −28.7% |
| [BingX](https://afterfees.xyz/venues/bingx) | WAL-USDT | 0.0006% | 4 h | +1.3% |
| [Bitget](https://afterfees.xyz/venues/bitget) | WALUSDT | 0.0007% | 4 h | +1.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | WAL_USDT | 0.0015% | 4 h | +3.3% |
| [Binance](https://afterfees.xyz/venues/binance) | WALUSDT | 0.0017% | 4 h | +3.7% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | WALUSDTM | 0.0050% | 4 h | +10.9% |
| [OKX](https://afterfees.xyz/venues/okx) | WAL-USDT-SWAP | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Bitget, at 5.27% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend WAL.

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

Not right now: no reverse WAL 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._