# Borrow SYN: rates on every exchange

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

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

## SYN 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) | 12.64% | 11.06% | 12.41% | 12.64% * | $30K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 87.16% | 87.50% | 87.17% | 87.50% | $1.5K | 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 SYN: borrow and sell spot, long the perp

No reverse SYN 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._

## SYN perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_SYNUSD | -0.0037% | 1 h | −32.7% |
| [Phemex](https://afterfees.xyz/venues/phemex) | SYNUSDT | 0.0050% | 4 h | +10.9% |
| [MEXC](https://afterfees.xyz/venues/mexc) | SYN_USDT | 0.0050% | 4 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | SYNUSDT | 0.0050% | 4 h | +10.9% |
| [LBank](https://afterfees.xyz/venues/lbank) | SYNUSDT | 0.0050% | 4 h | +10.9% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | SYNUSDT | 0.0050% | 4 h | +10.9% |
| [BingX](https://afterfees.xyz/venues/bingx) | SYN-USDT | 0.0050% | 4 h | +10.9% |
| [Binance](https://afterfees.xyz/venues/binance) | SYNUSDT | 0.0050% | 4 h | +10.9% |

## Coins

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

## Questions

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

Gate, at 12.64% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend SYN.

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

Not right now: no reverse SYN 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._