# Borrow BNB: rates on every exchange

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

Updated 2026-11-12 00:09 UTC · https://afterfees.xyz/borrow/BNB

## BNB borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [OKX](https://afterfees.xyz/venues/okx) | 1.01% | 1.01% | 1.01% | 1.01% | $135.8K | not published | Borrowable |
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.53% | 1.54% | 1.58% | 1.54% | $8.5M | $1.4M | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 2.95% | 2.94% | 2.94% | 2.95% | $203.7K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 4.06% | 3.96% | 3.55% | 4.06% * | $2M | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 4.42% | 4.41% | 4.42% | 4.42% | $3.4M | 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 BNB: borrow and sell spot, long the perp

No reverse BNB 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._

## BNB perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Bybit](https://afterfees.xyz/venues/bybit) | BNBUSDT | -0.0215% | 8 h | −23.5% |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_BNBUSD | -0.0008% | 1 h | −7.3% |
| [Gate](https://afterfees.xyz/venues/gate) | BNB_USDT | -0.0008% | 8 h | −0.9% |
| [Phemex](https://afterfees.xyz/venues/phemex) | BNBUSDT | 0.0000% | 8 h | 0.0% |
| [HTX](https://afterfees.xyz/venues/htx) | BNB-USDT | 0.0000% | 8 h | 0.0% |
| [dYdX](https://afterfees.xyz/venues/dydx) | BNB-USD | 0.0000% | 1 h | 0.0% |
| [GRVT](https://afterfees.xyz/venues/grvt) | BNB_USDT_Perp | 0.0000% | 8 h | 0.0% |
| [Binance](https://afterfees.xyz/venues/binance) | BNBUSDT | 0.0030% | 8 h | +3.3% |

## Coins

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

## Questions

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

OKX, at 1.01% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend BNB.

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

Not right now: no reverse BNB 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._