# 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 2026-10-30 04:06 UTC · https://afterfees.xyz/borrow/LDO

## LDO borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | 2.32% | 2.21% | 2.20% | 2.32% | $22.3K | not published | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 2.53% | 1.80% | 1.86% | 2.53% | $6.7K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 2.81% | 2.73% | 2.79% | 2.81% | $227.9K | $19.2K | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 5.70% | 4.90% | 4.74% | 5.70% | $38.4K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 13.81% | 14.19% | 14.21% | 14.19% * | $120K | 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 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

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Backpack](https://afterfees.xyz/venues/backpack) | LDO_USDC_PERP | -0.0197% | 1 h | −172.8% |
| [ApeX](https://afterfees.xyz/venues/apex) | LDO-USDT | -0.0071% | 1 h | −62.2% |
| [dYdX](https://afterfees.xyz/venues/dydx) | LDO-USD | 0.0000% | 1 h | 0.0% |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | LDOUSDTM | 0.0069% | 8 h | +7.6% |
| [MEXC](https://afterfees.xyz/venues/mexc) | LDO_USDT | 0.0078% | 8 h | +8.5% |
| [Binance](https://afterfees.xyz/venues/binance) | LDOUSDT | 0.0078% | 8 h | +8.6% |
| [OKX](https://afterfees.xyz/venues/okx) | LDO-USDT-SWAP | 0.0091% | 8 h | +10.0% |
| [Lighter](https://afterfees.xyz/venues/lighter) | LDO | 0.0012% | 1 h | +10.5% |

## Coins

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

## Questions

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

Bybit, at 2.32% 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._