If your steak is about 1.5" thick, you can airfry at 260ºF for 18 minutes, flip once. This raises the internal temperature uniformly to around 130ºF.
Then sear 1 minute per side and 30 secs on the sides, to get a crust. That's it.
(no resting needed because it's a reverse sear, the internal temperature is already where it's supposed to be for medium rare).
Tip: remember to pre-heat your air fryer per the instructions in the manual. A 260ºF pre-heat should only take 2 minutes.