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AfterFees

Borrow rates · DRIFT

Borrow DRIFT: rates on every exchange

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

Updated 2026-10-29 19:01 UTC

DRIFT borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Gate8.46%8.62%8.59%8.62% *$20Knot publishedBorrowable

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 DRIFT: borrow and sell spot, long the perp

No reverse DRIFT 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.

DRIFT perps, most negative funding first

ExchangeContractRateEveryAnnualised
BloFinDRIFT-USDT0.0030%4 h+6.7%
KuCoinDRIFTUSDTM0.0050%4 h+10.9%
MEXCDRIFT_USDT0.0050%4 h+10.9%
BitgetDRIFTUSDT0.0050%4 h+10.9%
BingXDRIFT-USDT0.0050%4 h+10.9%
BybitDRIFTUSDT0.0050%4 h+10.9%
BinanceDRIFTUSDT0.0050%4 h+10.9%
GateDRIFT_USDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinDRIFT

Questions

Where is it cheapest to borrow DRIFT?

Gate, at 8.62% a year at the rate we count (the higher of the current rate and the 24 h average), among 1 exchanges that lend DRIFT.

Can I earn negative funding on DRIFT by borrowing it?

Not right now: no reverse DRIFT 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.