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AfterFees

Borrow rates · LDO

Borrow LDO: rates on every exchange

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

Updated 2026-10-29 19:20 UTC

LDO borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Binance1.56%1.76%1.77%1.76%$7.6Knot publishedBorrowable
Bybit2.17%2.17%2.18%2.17%$25.4Knot publishedBorrowable
Bitget2.72%2.75%2.81%2.75%$259.4K$23.4KBorrowable
OKX4.80%4.53%4.53%4.80%$43.6Knot publishedBorrowable
Gate14.09%14.10%14.21%14.10% *$30Knot 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 LDO: borrow and sell spot, long the perp

No reverse LDO 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.

LDO perps, most negative funding first

ExchangeContractRateEveryAnnualised
BybitLDOUSDT-0.0140%8 h−15.3%
dYdXLDO-USD0.0000%1 h0.0%
BackpackLDO_USDC_PERP0.0002%1 h+2.0%
KrakenPF_LDOUSD0.0004%1 h+3.9%
ApeXLDO-USDT0.0010%1 h+8.5%
LighterLDO0.0012%1 h+10.5%
ParadexLDO-USD-PERP0.0099%8 h+10.9%
KuCoinLDOUSDTM0.0100%8 h+10.9%

Coins

Funding rates and every arbitrage on this coinLDO

Questions

Where is it cheapest to borrow LDO?

Binance, at 1.76% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend LDO.

Can I earn negative funding on LDO by borrowing it?

Not right now: no reverse LDO 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.