# Borrow LDO: rates on every exchange

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

Updated 2026-11-11 23:47 UTC · https://afterfees.xyz/borrow/LDO

## LDO borrow rates by exchange

| Exchange | Now | 24 h avg | 7-day avg | Rate counted | Per-account limit | Platform remaining | Status |
|---|---|---|---|---|---|---|---|
| [Bitget](https://afterfees.xyz/venues/bitget) | 1.54% | 1.59% | 1.77% | 1.59% | $224.9K | $20.1K | Borrowable |
| [Binance](https://afterfees.xyz/venues/binance) | 1.65% | 1.97% | 2.16% | 1.97% | $6.6K | not published | Borrowable |
| [Bybit](https://afterfees.xyz/venues/bybit) | 2.22% | 2.16% | 2.23% | 2.22% | $22.1K | not published | Borrowable |
| [OKX](https://afterfees.xyz/venues/okx) | 4.70% | 4.81% | 5.10% | 4.81% | $37.9K | not published | Borrowable |
| [Gate](https://afterfees.xyz/venues/gate) | 13.71% | 13.71% | 13.76% | 13.71% * | $30K | 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 LDO: borrow and sell spot, long the perp

No reverse LDO 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._

## LDO perps, most negative funding first

| Exchange | Contract | Rate | Every | Annualised |
|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_LDOUSD | -0.0017% | 1 h | −15.3% |
| [dYdX](https://afterfees.xyz/venues/dydx) | LDO-USD | 0.0000% | 1 h | 0.0% |
| [Extended](https://afterfees.xyz/venues/extended) | LDO-USD | 0.0004% | 1 h | +3.5% |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | LDOUSDT | 0.0034% | 8 h | +3.7% |
| [MEXC](https://afterfees.xyz/venues/mexc) | LDO_USDT | 0.0034% | 8 h | +3.7% |
| [GRVT](https://afterfees.xyz/venues/grvt) | LDO_USDT_Perp | 0.0034% | 8 h | +3.7% |
| [LBank](https://afterfees.xyz/venues/lbank) | LDOUSDT | 0.0034% | 8 h | +3.7% |
| [Binance](https://afterfees.xyz/venues/binance) | LDOUSDT | 0.0036% | 8 h | +4.0% |

## Coins

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

## Questions

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

Bitget, at 1.59% a year at the rate we count (the higher of the current rate and the 24 h average), among 5 exchanges that lend LDO.

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

Not right now: no reverse LDO 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._