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AfterFees

Borrow rates · USUAL

Borrow USUAL: rates on every exchange

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

Updated 2026-11-11 23:09 UTC

USUAL borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Binance22.80%23.43%22.84%23.43%$7.4Knot publishedBorrowable
Gate55.98%70.40%59.09%70.40% *$20Knot publishedBorrowable
Bitget1.01%1.01%1.01%1.01%$0$0Pool 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 USUAL: borrow and sell spot, long the perp

No reverse USUAL 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.

USUAL perps, most negative funding first

ExchangeContractRateEveryAnnualised
KrakenPF_USUALUSD-0.0104%1 h−90.7%
BybitUSUALUSDT0.0050%4 h+10.9%
KuCoinUSUALUSDTM0.0050%4 h+10.9%
MEXCUSUAL_USDT0.0050%4 h+10.9%
WhiteBITUSUAL_PERP0.0050%4 h+10.9%
BitgetUSUALUSDT0.0050%4 h+10.9%
LBankUSUALUSDT0.0050%4 h+10.9%
BitunixUSUALUSDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinUSUAL

Questions

Where is it cheapest to borrow USUAL?

Binance, at 23.43% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend USUAL.

Can I earn negative funding on USUAL by borrowing it?

Not right now: no reverse USUAL 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.