Borrow ETH: rates on every exchange
Annualised margin borrow rates for ETH at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-29 19:00 UTC
ETH borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| OKX | 1.01% | 1.01% | 1.01% | 1.01% | $16.3M | not published | Borrowable |
| Bitget | 1.12% | 1.14% | 1.11% | 1.14% | $58.3M | $6.2M | Borrowable |
| Bybit | 1.57% | 1.59% | 1.58% | 1.59% | $4.7M | not published | Borrowable |
| Binance | 2.00% | 2.02% | 2.02% | 2.02% | $4.7M | not published | Borrowable |
| Gate | 2.40% | 2.40% | 2.40% | 2.40% * | $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 ETH: borrow and sell spot, long the perp
No reverse ETH 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.
ETH perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | ETH |
Questions
Where is it cheapest to borrow ETH?
OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend ETH.
Can I earn negative funding on ETH by borrowing it?
Not right now: no reverse ETH 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.