# Borrow XRP: rates on every exchange

Annualised margin borrow rates for XRP 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/XRP

## XRP borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | 1.01% | 1.01% | 1.01% | 1.01% | $3.1M | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.08% | 1.08% | 1.08% | 1.08% | $10M | $3.3M | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 3.31% | 3.31% | 3.31% | 3.31% | $915.8K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 3.30% | 3.36% | 3.50% | 3.36% * | $6M | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 3.90% | 3.38% | 3.23% | 3.90% | $6.7M | 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 XRP: borrow and sell spot, long the perp

No reverse XRP 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._

## XRP perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | XRPUSDT | -0.0337% | 8 h | −36.9% |
| [Lighter](https://afterfees.xyz/venues/lighter) | XRP | -0.0016% | 1 h | −14.0% |
| [OKX](https://afterfees.xyz/venues/okx) | XRP-USDT-SWAP | -0.0124% | 8 h | −13.6% |
| [Backpack](https://afterfees.xyz/venues/backpack) | XRP_USDC_PERP | -0.0011% | 1 h | −9.3% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_XRPUSD | -0.0010% | 1 h | −8.9% |
| [Paradex](https://afterfees.xyz/venues/paradex) | XRP-USD-PERP | -0.0045% | 8 h | −5.0% |
| [Bitget](https://afterfees.xyz/venues/bitget) | XRPUSDT | -0.0040% | 8 h | −4.4% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | XRPUSDTM | -0.0035% | 8 h | −3.8% |

## Coins

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

## Questions

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

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend XRP.

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

Not right now: no reverse XRP 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._