# Borrow T: rates on every exchange

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

Updated 2026-11-11 23:16 UTC · https://afterfees.xyz/borrow/T

## T 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) | 19.12% | 27.73% | 132.06% | 27.73% * | $10K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 66.48% | 66.48% | 67.55% | 66.48% | $1.4K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 17.77% | 41.30% | 42.62% | 41.30% | $66.2K | $0 | Pool exhausted |

_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 T: borrow and sell spot, long the perp

No reverse T 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._

## T perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | TUSDT | -0.0777% | 4 h | −170.3% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | TUSDTM | -0.0769% | 4 h | −168.4% |
| [Gate](https://afterfees.xyz/venues/gate) | T_USDT | -0.0460% | 4 h | −100.7% |
| [LBank](https://afterfees.xyz/venues/lbank) | TUSDT | -0.0291% | 4 h | −63.8% |
| [Binance](https://afterfees.xyz/venues/binance) | TUSDT | -0.0291% | 4 h | −63.8% |
| [MEXC](https://afterfees.xyz/venues/mexc) | T_USDT | -0.0291% | 4 h | −63.7% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | TUSDT | -0.0280% | 4 h | −61.2% |
| [Bitget](https://afterfees.xyz/venues/bitget) | TUSDT | -0.0146% | 4 h | −32.0% |

## Coins

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

## Questions

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

Gate, at 27.73% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend T.

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

Not right now: no reverse T 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._