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AfterFees

Borrow rates · SHELL

Borrow SHELL: rates on every exchange

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

Updated 2026-10-30 05:06 UTC

SHELL borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Gate12.23%12.68%20.64%12.68% *$30Knot publishedBorrowable
Binance75.42%92.93%91.55%92.93%$768not 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 SHELL: borrow and sell spot, long the perp

No reverse SHELL 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.

SHELL perps, most negative funding first

ExchangeContractRateEveryAnnualised
MEXCSHELL_USDT0.0050%4 h+10.9%
OKXSHELL-USDT-SWAP0.0050%4 h+10.9%
BitgetSHELLUSDT0.0050%4 h+10.9%
BybitSHELLUSDT0.0050%4 h+10.9%
KuCoinSHELLUSDTM0.0050%4 h+10.9%
BingXSHELL-USDT0.0050%4 h+10.9%
BinanceSHELLUSDT0.0050%4 h+10.9%
AsterSHELLUSDT0.0050%4 h+10.9%

Coins

Funding rates and every arbitrage on this coinSHELL

Questions

Where is it cheapest to borrow SHELL?

Gate, at 12.68% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend SHELL.

Can I earn negative funding on SHELL by borrowing it?

Not right now: no reverse SHELL 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.