# Borrow XLM: rates on every exchange

Annualised margin borrow rates for XLM 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/XLM

## XLM 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) | 2.60% | 2.67% | 2.66% | 2.67% | $544.2K | $511.9K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 3.40% | 3.15% | 3.08% | 3.40% | $114.2K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 4.86% | 5.01% | 4.99% | 5.01% | $48.4K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 8.14% | 7.46% | 7.51% | 8.14% * | $120K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 13.20% | 8.59% | 7.95% | 13.20% | $68.5K | 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 XLM: borrow and sell spot, long the perp

No reverse XLM 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._

## XLM perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [ApeX](https://afterfees.xyz/venues/apex) | XLM-USDT | -0.0101% | 1 h | −88.6% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_XLMUSD | -0.0019% | 1 h | −16.7% |
| [Gate](https://afterfees.xyz/venues/gate) | XLM_USDT | -0.0144% | 8 h | −15.8% |
| [Binance](https://afterfees.xyz/venues/binance) | XLMUSDT | -0.0132% | 8 h | −14.5% |
| [MEXC](https://afterfees.xyz/venues/mexc) | XLM_USDT | -0.0131% | 8 h | −14.3% |
| [Backpack](https://afterfees.xyz/venues/backpack) | XLM_USDC_PERP | -0.0013% | 1 h | −11.4% |
| [Aster](https://afterfees.xyz/venues/aster) | XLMUSDT | -0.0099% | 8 h | −10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | XLMUSDT | -0.0062% | 8 h | −6.8% |

## Coins

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

## Questions

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

Bitget, at 2.67% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend XLM.

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

Not right now: no reverse XLM 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._