Borrow XPL: rates on every exchange
Annualised margin borrow rates for XPL at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-29 17:04 UTC
XPL borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 5.47% | 5.62% | 5.79% | 5.62% | $172.9K | $25.5K | Borrowable |
| Bybit | 9.62% | 9.43% | 9.40% | 9.62% | $74.7K | not published | Borrowable |
| Gate | 10.17% | 10.38% | 10.80% | 10.38% * | $120K | not published | Borrowable |
| OKX | 11.90% | 11.48% | 11.07% | 11.90% | $6.5K | not published | Borrowable |
| Binance | 21.27% | 19.73% | 19.65% | 21.27% | $10.5K | 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 XPL: borrow and sell spot, long the perp
No reverse XPL 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.
XPL perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | XPL |
Questions
Where is it cheapest to borrow XPL?
Bitget, at 5.62% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend XPL.
Can I earn negative funding on XPL by borrowing it?
Not right now: no reverse XPL 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.