# Borrow ETC: rates on every exchange

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

Updated 2026-11-12 00:21 UTC · https://afterfees.xyz/borrow/ETC

## ETC 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% | $49.8K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.18% | 1.26% | 1.26% | 1.26% | $181.3K | $133.5K | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 1.74% | 1.69% | 1.73% | 1.74% | $22.7K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 1.93% | 1.94% | 1.96% | 1.94% | $33.1K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 2.05% | 2.04% | 2.93% | 2.05% * | $120K | 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 ETC: borrow and sell spot, long the perp

No reverse ETC 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._

## ETC perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_ETCUSD | -0.0070% | 1 h | −61.4% |
| [BloFin](https://afterfees.xyz/venues/blofin) | ETC-USDT | -0.0031% | 8 h | −3.4% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | ETCUSDT | -0.0021% | 8 h | −2.3% |
| [Binance](https://afterfees.xyz/venues/binance) | ETCUSDT | -0.0018% | 8 h | −1.9% |
| [LBank](https://afterfees.xyz/venues/lbank) | ETCUSDT | -0.0016% | 8 h | −1.8% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ETC_USDT | -0.0016% | 8 h | −1.8% |
| [Extended](https://afterfees.xyz/venues/extended) | ETC-USD | -0.0002% | 1 h | −1.8% |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | ETC | -0.0000% | 1 h | −0.4% |

## Coins

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

## Questions

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

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 ETC.

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

Not right now: no reverse ETC 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._