Borrow COW: rates on every exchange
Annualised margin borrow rates for COW at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-30 00:09 UTC
COW borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| Bitget | 1.73% | 1.77% | 2.03% | 1.77% | $157K | $30.8K | Borrowable |
| Gate | 6.69% | 6.86% | 7.07% | 6.86% * | $10K | not published | Borrowable |
| Binance | 61.74% | 43.03% | 41.61% | 61.74% | $4.6K | 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 COW: borrow and sell spot, long the perp
No reverse COW 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.
COW perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | COW |
Questions
Where is it cheapest to borrow COW?
Bitget, at 1.77% a year at the rate we count (the higher of the current rate and the 24 h average), among 3 exchanges that lend COW.
Can I earn negative funding on COW by borrowing it?
Not right now: no reverse COW 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.