# Borrow WAVES: rates on every exchange

Annualised margin borrow rates for WAVES 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/WAVES

## WAVES 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) | 589.20% | 448.48% | 120.06% | 589.20% * | $10K | not published | 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 WAVES: borrow and sell spot, long the perp

No reverse WAVES 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._

## WAVES perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | WAVESUSDT | -0.4500% | 8 h | −492.7% |
| [BloFin](https://afterfees.xyz/venues/blofin) | WAVES-USDT | -0.4311% | 8 h | −472.0% |
| [BingX](https://afterfees.xyz/venues/bingx) | WAVES-USDT | -0.3630% | 8 h | −397.5% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | WAVESUSDTM | -0.1397% | 8 h | −153.0% |

## Coins

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

## Questions

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

Not right now: no reverse WAVES 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._