Borrow S: rates on every exchange
Annualised margin borrow rates for S at VIP 0, and whether borrowing it to collect negative funding pays after every cost.
Updated 2026-10-30 06:39 UTC
S borrow rates by exchange
| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| OKX | 8.21% | 8.77% | 9.07% | 8.77% | $10.8K | not published | Borrowable |
| Bybit | 10.67% | 10.76% | 10.75% | 10.76% | $8.9K | not published | Borrowable |
| Gate | 15.36% | 15.36% | 15.44% | 15.36% * | $30K | not published | Borrowable |
| Binance | 15.80% | 14.69% | 14.41% | 15.80% | $9.1K | not published | Borrowable |
| Bitget | 14.02% | 19.07% | 23.96% | 19.07% | $348K | $0 | Pool exhausted |
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 S: borrow and sell spot, long the perp
No reverse S 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.
S perps, most negative funding first
Coins
| Funding rates and every arbitrage on this coin | S |
Questions
Where is it cheapest to borrow S?
OKX, at 8.77% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend S.
Can I earn negative funding on S by borrowing it?
Not right now: no reverse S 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.