# 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 23:47 UTC · https://afterfees.xyz/borrow/KSM

## KSM borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.30% | 1.23% | 1.25% | 1.30% | $69.5K | $10.2K | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 8.40% | 8.26% | 7.35% | 8.40% * | $1 | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 12.40% | 13.00% | 13.57% | 13.00% | $3.5K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 14.72% | 14.61% | 14.66% | 14.72% | $2.2K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 39.23% | 38.48% | 38.33% | 39.23% | $1.7K | 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 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

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [BloFin](https://afterfees.xyz/venues/blofin) | KSM-USDT | -0.0024% | 8 h | −2.6% |
| [Binance](https://afterfees.xyz/venues/binance) | KSMUSDT | -0.0021% | 8 h | −2.3% |
| [MEXC](https://afterfees.xyz/venues/mexc) | KSM_USDT | -0.0021% | 8 h | −2.3% |
| [BingX](https://afterfees.xyz/venues/bingx) | KSM-USDT | -0.0007% | 8 h | −0.8% |
| [OKX](https://afterfees.xyz/venues/okx) | KSM-USDT-SWAP | -0.0000% | 4 h | −0.1% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | KSMUSDTM | 0.0100% | 8 h | +10.9% |
| [Bitget](https://afterfees.xyz/venues/bitget) | KSMUSDT | 0.0100% | 8 h | +10.9% |
| [Bybit](https://afterfees.xyz/venues/bybit) | KSMUSDT | 0.0100% | 8 h | +10.9% |

## Coins

|   |   |
|---|---|
| Funding rates and every arbitrage on this coin | [KSM](https://afterfees.xyz/coin/KSM) |

## Questions

**Where is it cheapest to borrow KSM?**

Bitget, at 1.30% 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._