# Borrow LINK: rates on every exchange

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

Updated 2026-10-30 00:52 UTC · https://afterfees.xyz/borrow/LINK

## LINK borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Binance](https://afterfees.xyz/venues/binance) | 0.58% | 0.56% | 0.55% | 0.58% | $220.5K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 0.87% | 0.83% | 0.83% | 0.87% | $196.2K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 1.01% | 1.01% | 1.01% | 1.01% | $209.8K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 2.03% | 2.00% | 2.10% | 2.03% * | $2M | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 3.30% | 2.23% | 2.15% | 3.30% | $1.3M | $421.5K | 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 LINK: borrow and sell spot, long the perp

No reverse LINK 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._

## LINK perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | LINK | -0.0038% | 1 h | −33.5% |
| [Paradex](https://afterfees.xyz/venues/paradex) | LINK-USD-PERP | -0.0028% | 8 h | −3.0% |
| [dYdX](https://afterfees.xyz/venues/dydx) | LINK-USD | 0.0000% | 1 h | 0.0% |
| [MEXC](https://afterfees.xyz/venues/mexc) | LINK_USDT | 0.0004% | 8 h | +0.4% |
| [Binance](https://afterfees.xyz/venues/binance) | LINKUSDT | 0.0005% | 8 h | +0.6% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_LINKUSD | 0.0002% | 1 h | +1.4% |
| [OKX](https://afterfees.xyz/venues/okx) | LINK-USDT-SWAP | 0.0017% | 8 h | +1.8% |
| [BloFin](https://afterfees.xyz/venues/blofin) | LINK-USDT | 0.0017% | 8 h | +1.9% |

## Coins

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

## Questions

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

Binance, at 0.58% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend LINK.

**Can I earn negative funding on LINK by borrowing it?**

Not right now: no reverse LINK 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._