Borrow W: rates on every exchange
Annualised margin borrow rates for W at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-11-11 23:06 UTC
W borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 3.73% | 4.26% | 13.16% | 4.26% | $207.3K | $8.8K | Borrowable |
| OKX | 10.00% | 11.00% | 19.52% | 11.00% | $5.2K | not published | Borrowable |
| Binance | 15.56% | 15.70% | 14.64% | 15.70% | $5.2K | not published | Borrowable |
| Gate | 19.41% | 19.18% | 20.91% | 19.41% * | $30K | not published | Borrowable |
| Bybit | 23.35% | 23.39% | 22.08% | 23.39% | $13.3K | 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 W: borrow and sell spot, long the perp
No reverse W 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.
W perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | W |
Questions
Where is it cheapest to borrow W?
Bitget, at 4.26% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend W.
Can I earn negative funding on W by borrowing it?
Not right now: no reverse W 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.