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AfterFees

Borrow rates · ESP

Borrow ESP: rates on every exchange

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

Updated 2026-11-11 23:07 UTC

ESP borrow rates by exchange

ExchangeNow24 h avg7-day avgRate countedPer-account limitPlatform remainingStatus
Binance77.48%77.48%77.48%77.48%$9Knot publishedBorrowable
Gate158.39%191.86%195.15%191.86% *$30Knot 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 ESP: borrow and sell spot, long the perp

No reverse ESP 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.

ESP perps, most negative funding first

ExchangeContractRateEveryAnnualised
GateESP_USDT-0.0787%8 h−86.2%
KuCoinESPUSDTM-0.0391%4 h−85.6%
AsterESPUSDT-0.0352%4 h−77.0%
BinanceESPUSDT-0.0306%4 h−66.9%
BloFinESP-USDT-0.0298%4 h−65.2%
MEXCESP_USDT-0.0297%4 h−65.0%
LBankESPUSDT-0.0297%4 h−65.0%
BingXESP-USDT-0.0283%4 h−62.0%

Coins

Funding rates and every arbitrage on this coinESP

Questions

Where is it cheapest to borrow ESP?

Binance, at 77.48% a year at the rate we count (the higher of the current rate and the 24 h average), among 2 exchanges that lend ESP.

Can I earn negative funding on ESP by borrowing it?

Not right now: no reverse ESP 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.