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AfterFees

Borrow rates · INIT

Borrow INIT: rates on every exchange

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

Updated 2026-10-29 22:06 UTC

INIT borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget9.36%42.91%16.34%42.91%$355.9K$15.4KBorrowable
Bybit50.53%50.84%50.87%50.84%$8.5Knot publishedBorrowable
Binance78.55%78.55%78.48%78.55%$7Knot publishedBorrowable
Gate84.22%130.55%90.04%130.55% *$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 INIT: borrow and sell spot, long the perp

No reverse INIT 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.

INIT perps, most negative funding first

ExchangeContractRateEveryAnnualised
BloFinINIT-USDT-0.0149%4 h−32.6%
BinanceINITUSDT-0.0136%4 h−29.9%
MEXCINIT_USDT-0.0136%4 h−29.8%
AsterINITUSDT-0.0131%4 h−28.6%
OKXINIT-USDT-SWAP-0.0081%4 h−17.8%
HyperliquidINIT-0.0007%1 h−5.7%
GateINIT_USDT-0.0021%8 h−2.3%
KuCoinINITUSDTM0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinINIT

Questions

Where is it cheapest to borrow INIT?

Bitget, at 42.91% a year at the rate we count (the higher of the current rate and the 24 h average), among 4 exchanges that lend INIT.

Can I earn negative funding on INIT by borrowing it?

Not right now: no reverse INIT 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.