# Borrow OPEN: rates on every exchange

Annualised margin borrow rates for OPEN 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/OPEN

## OPEN borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Gate](https://afterfees.xyz/venues/gate) | 8.28% | 32.01% | 23.53% | 32.01% * | $30K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 59.72% | 59.30% | 59.23% | 59.72% | $5.1K | 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 OPEN: borrow and sell spot, long the perp

No reverse OPEN 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._

## OPEN perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_OPENUSD | -0.0074% | 1 h | −64.8% |
| [MEXC](https://afterfees.xyz/venues/mexc) | OPENSTOCK_USDT | -0.0117% | 8 h | −12.8% |
| [BloFin](https://afterfees.xyz/venues/blofin) | OPEN-USDT | 0.0024% | 4 h | +5.3% |
| [Bybit](https://afterfees.xyz/venues/bybit) | OPENUSDT | 0.0050% | 4 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | OPENUSDTM | 0.0050% | 4 h | +10.9% |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | OPEN_PERP | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | OPENUSDT | 0.0050% | 4 h | +10.9% |
| [LBank](https://afterfees.xyz/venues/lbank) | OPENUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Gate, at 32.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend OPEN.

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

Not right now: no reverse OPEN 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._