# Borrow ONE: rates on every exchange

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

Updated 2026-11-11 23:26 UTC · https://afterfees.xyz/borrow/ONE

## ONE borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Binance](https://afterfees.xyz/venues/binance) | 17.00% | 17.86% | 17.08% | 17.86% | $1.5K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 4.12% | 6.47% | 11.46% | 6.47% * | $0 | not published | Not lendable |

_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 ONE: borrow and sell spot, long the perp

No reverse ONE 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._

## ONE perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | ONE_USDT | -0.0964% | 8 h | −105.6% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | ONEUSDT | -0.0432% | 4 h | −94.5% |
| [LBank](https://afterfees.xyz/venues/lbank) | ONEUSDT | -0.0388% | 4 h | −85.0% |
| [Binance](https://afterfees.xyz/venues/binance) | ONEUSDT | -0.0388% | 4 h | −85.0% |
| [MEXC](https://afterfees.xyz/venues/mexc) | ONE_USDT | -0.0388% | 4 h | −85.0% |
| [BingX](https://afterfees.xyz/venues/bingx) | ONE-USDT | -0.0384% | 4 h | −84.1% |
| [BloFin](https://afterfees.xyz/venues/blofin) | ONE-USDT | -0.0377% | 4 h | −82.5% |
| [Bitget](https://afterfees.xyz/venues/bitget) | ONEUSDT | -0.0146% | 4 h | −32.0% |

## Coins

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

## Questions

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

Binance, at 17.86% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend ONE.

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

Not right now: no reverse ONE 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._