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AfterFees

Borrow rates · KSM

Borrow KSM: rates on every exchange

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

Updated 2026-10-29 22:17 UTC

KSM borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget1.32%1.23%1.25%1.32%$71.2K$10.4KBorrowable
Gate8.40%8.22%7.35%8.40% *$1not publishedBorrowable
OKX12.70%13.04%13.60%13.04%$3.6Knot publishedBorrowable
Bybit14.68%14.61%14.66%14.68%$2.3Knot publishedBorrowable
Binance37.46%38.45%38.30%38.45%$1.8Knot 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 KSM: borrow and sell spot, long the perp

No reverse KSM 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.

KSM perps, most negative funding first

ExchangeContractRateEveryAnnualised
BingXKSM-USDT0.0025%8 h+2.7%
MEXCKSM_USDT0.0047%8 h+5.1%
BinanceKSMUSDT0.0049%8 h+5.4%
OKXKSM-USDT-SWAP0.0028%4 h+6.2%
BloFinKSM-USDT0.0062%8 h+6.8%
KuCoinKSMUSDTM0.0100%8 h+10.9%
BitgetKSMUSDT0.0100%8 h+10.9%
BybitKSMUSDT0.0100%8 h+10.9%

Coins

Funding rates and every arbitrage on this coinKSM

Questions

Where is it cheapest to borrow KSM?

Bitget, at 1.32% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend KSM.

Can I earn negative funding on KSM by borrowing it?

Not right now: no reverse KSM 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.