# Borrow XLM: rates on every exchange

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

Updated 2026-11-11 23:29 UTC · https://afterfees.xyz/borrow/XLM

## XLM borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 2.89% | 3.18% | 3.30% | 3.18% | $487.9K | $443.4K | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 4.80% | 5.00% | 4.96% | 5.00% | $43.5K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 5.52% | 4.47% | 4.01% | 5.52% | $102.5K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 7.20% | 8.45% | 12.18% | 8.45% | $61.5K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 15.61% | 13.52% | 9.87% | 15.61% * | $120K | 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 XLM: borrow and sell spot, long the perp

No reverse XLM 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._

## XLM perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Backpack](https://afterfees.xyz/venues/backpack) | XLM_USDC_PERP | -0.0033% | 1 h | −29.3% |
| [OKX](https://afterfees.xyz/venues/okx) | XLM-USDT-SWAP | -0.0077% | 8 h | −8.5% |
| [Gate](https://afterfees.xyz/venues/gate) | XLM_USDT | -0.0068% | 8 h | −7.4% |
| [LBank](https://afterfees.xyz/venues/lbank) | XLMUSDT | -0.0053% | 8 h | −5.8% |
| [MEXC](https://afterfees.xyz/venues/mexc) | XLM_USDT | -0.0053% | 8 h | −5.8% |
| [Binance](https://afterfees.xyz/venues/binance) | XLMUSDT | -0.0052% | 8 h | −5.7% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | XLMUSDTM | -0.0041% | 8 h | −4.5% |
| [Bitget](https://afterfees.xyz/venues/bitget) | XLMUSDT | -0.0039% | 8 h | −4.3% |

## Coins

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

## Questions

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

Bitget, at 3.18% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend XLM.

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

Not right now: no reverse XLM 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._