Borrow BTC: rates on every exchange
Annualised margin borrow rates for BTC at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-29 15:26 UTC
BTC borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 0.21% | 0.22% | 0.24% | 0.22% | $122.3M | $40.2M | Borrowable |
| Binance | 0.43% | 0.43% | 0.43% | 0.43% | $8.2M | not published | Borrowable |
| Bybit | 0.43% | 0.43% | 0.43% | 0.43% | $24.5M | not published | Borrowable |
| OKX | 0.51% | 0.51% | 0.51% | 0.51% | $14.3M | not published | Borrowable |
| Gate | 0.60% | 0.61% | 0.61% | 0.61% * | $120M | 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 BTC: borrow and sell spot, long the perp
No reverse BTC 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.
BTC perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | BTC |
Questions
Where is it cheapest to borrow BTC?
Bitget, at 0.22% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend BTC.
Can I earn negative funding on BTC by borrowing it?
Not right now: no reverse BTC 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.