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AfterFees

Borrow rates · NIGHT

Borrow NIGHT: rates on every exchange

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

Updated 2026-10-29 20:31 UTC

NIGHT borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Bitget1.29%1.30%1.75%1.30%$638.2K$409.1KBorrowable
Bybit5.30%4.99%4.93%5.30%$38.6Knot publishedBorrowable
OKX5.40%5.21%5.21%5.40%$19.1Knot publishedBorrowable
Binance66.34%63.67%62.79%66.34%$10.3Knot publishedBorrowable
Gate4.72%4.72%4.72%4.72% *$30Knot publishedNot lendable

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 NIGHT: borrow and sell spot, long the perp

No reverse NIGHT 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.

NIGHT perps, most negative funding first

ExchangeContractRateEveryAnnualised
KrakenPF_NIGHTUSD-0.0085%1 h−74.9%
OKXNIGHT-USDT-SWAP-0.0140%4 h−30.6%
GateNIGHT_USDT0.0060%8 h+6.6%
BloFinNIGHT-USDT0.0046%4 h+10.0%
KuCoinNIGHTUSDTM0.0050%4 h+10.9%
BitgetNIGHTUSDT0.0050%4 h+10.9%
BybitNIGHTUSDT0.0050%4 h+10.9%
AsterNIGHTUSDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinNIGHT

Questions

Where is it cheapest to borrow NIGHT?

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 NIGHT.

Can I earn negative funding on NIGHT by borrowing it?

Not right now: no reverse NIGHT 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.