# Borrow BNB: rates on every exchange

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

Updated 2026-10-29 19:51 UTC · https://afterfees.xyz/borrow/BNB

## BNB borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Binance](https://afterfees.xyz/venues/binance) | 3.00% | 2.94% | 2.93% | 3.00% | $223.7K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 4.50% | 4.41% | 4.40% | 4.50% | $3.7M | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 2.40% | 6.24% | 3.74% | 6.24% * | $2M | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.50% | 6.43% | 2.82% | 6.43% | $9.3M | $607.9K | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 1.01% | 13.20% | 10.15% | 13.20% | $149.1K | 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 BNB: borrow and sell spot, long the perp

No reverse BNB 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._

## BNB perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_BNBUSD | -0.0002% | 1 h | −1.6% |
| [GRVT](https://afterfees.xyz/venues/grvt) | BNB_USDT_Perp | 0.0000% | 8 h | 0.0% |
| [HTX](https://afterfees.xyz/venues/htx) | BNB-USDT | 0.0041% | 8 h | +4.5% |
| [Lighter](https://afterfees.xyz/venues/lighter) | BNB | 0.0012% | 1 h | +10.5% |
| [Paradex](https://afterfees.xyz/venues/paradex) | BNB-USD-PERP | 0.0100% | 8 h | +10.9% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | BNBUSDTM | 0.0100% | 8 h | +10.9% |
| [Backpack](https://afterfees.xyz/venues/backpack) | BNB_USDC_PERP | 0.0013% | 1 h | +10.9% |
| [ApeX](https://afterfees.xyz/venues/apex) | BNB-USDT | 0.0013% | 1 h | +10.9% |

## Coins

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

## Questions

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

Binance, at 3.00% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend BNB.

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

Not right now: no reverse BNB 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._